I'm a holder too. I like that you get to buy a quality business...

I'm a holder too. I like that you get to buy a quality business for what could be a EV/EBIT of around 7-8 ($5-6m EBIT and $41 Enterprise Value).

My worry is who keeps selling it down to $0.40? People trapped at higher prices just happy to be rid of it. Also that as it is such a micro-cap, it will not be in the investable universe for many institutions - who are the ones who can really move the price.

Also no buyback disclosed since September.

I'd love to hear the bear case from someone. As this is all confirmation bias for me unfortunately .