Ann: Notice of 2016 AGM & Proxy Form and Annual Report, page-9

What is their big sin . That they haven't acted in the last 12-18 months . The business generates income to pay for their salaries plus some so their assets are not only way above current market cap , there is no value for the income stream and these assets will not be eaten into as some suggest

It's very undervalued , the fact the management aren't there spinning as many of the microcaps do is seen as a negative , but for me it's a plus.