the pulse health board, page-8

How can a company with a turnover of 30 million in the health sector, which is supposedly a good one to be in, and with a great ceo with a proven track record have a market cap of 12 million?
There appears to be acquisitions around the corner and ensuing growth but it all seems a bit flaccid imo.
Maybe the part timers on the board, who I've already alluded to, are all too busy with their other roles to be helping out on the promotion side of things? Be interesting to know how much time these non execs are actually putting in.
They upped their salaries last Christmas when the money came in. Was this justified before Dr. K pulled the ship around?

This company has so much potential. I'm just hoping it's not dragging along because there's passengers taking free rides.
I'm betting this long term but I don't want to be old and wrinkly before I cash in. ;0)