trading again, page-2

The Malaysian syndicate is proposing to buy 75% of the company for $5million, that is at 8c per share.

The deal is subject to many conditions precedent and it appears to be subject to a lot of iffs, buts, and maybes so whether it will go ahead is anyone's guess. The CEO is forecasting a 300% hike in revenue this year, that has a familiar ring to it.
Any number of reasons for the Company to try this deal, the company was in desperate straits and this may be one way to keep trading for a while.