Provalis (Are they now under valued?) (PRO)

I have been watching Provalis it looks like they are going to sink. I am in two frames of mind whether to buy. I have read the news articles and everybody is selling there shares but the company are selling their Health Care divison for £10.6 million. The company have a market cap of £7m. They are in £5.6m worth of debt and the company intend to clear all of this from the sale. So now you have a company with £5 million in the bank and no debt and a couple of good products that are being sold under license to the American maket.

So my question is, is this company under valued?????? £5 M in the bank and no debt.