Think that's a bit harsh saying they have nothing to show for...

Think that's a bit harsh saying they have nothing to show for it.

Companies like this don't grow 10x's overnight....there have been a number of small wins of late and it is good to see Campbell and his team continue to chip away and continually make progress. Capital raising's are part and parcel of a developing funds management company... hell, even Magellan raised $1.55bn via the Global Trust in 2018 (and gave incentives to retail investors to partake in the raising).

Big things will happen here over time, and in my opinion, you would want to make sure you are well and truly set in the stock at these lower levels as it won't take much for the market cap to rise to $20-30m from here. We've seen what can happen if you grow too fast and can't keep up with expectations set by the market (BLA) - I know I would prefer slow and steady over the former.