EPS isn't real, never reaches shareholders.
Therefore no one should pay for it. And people don't. Same applies to the unsellable assets. No sense paying for them because in real life they are of no value for shareholders, they can't stop dilution, create cash or bank relations.
10 million market value is quite much since there's complete uncertainty does this company own anything and does it have any business.
Circumstantial evidence points to that meaning lack of funding and cash, dilution, lack of trust and inability to create yield or shareholder value of any kind.