why no takeover yet?

Mst has always had an exciting story. I have traded it many times. Lost money most times though so have stopped dipping in and out.

But.. One thing bothers me.

Why no takeover? Surely if the tech was as compelling as we all thought it was then at these low SP prices then someone would have had a go.

No one has ...and there is no hint of anyone lining up either to make it worse.

Whats the deal?