Just because the market is not fairly valuing something...

Just because the market is not fairly valuing something doesn't mean there's manipulation. Yes I agree it's ridiculous where this is currently being valued, but that's simply the result of a lack of research at the smaller end of the ASX due to the difficulty for larger institutional investors to acquire a position. If they can't even buy/sell on market, or are barred from doing so because of particular investment mandates, why bother researching the stocks at the smaller end?

At the same time, if this didn't happen and stocks were always fairly priced there would be no opportunity to make ridiculous profits in small caps. The fact that the market incorrectly valued stocks like this is the reason why we get to enjoy 10x plus returns when the market does eventually wake up. And it will of course, but the nature of long term investing means you have to accept this can take some time (even years).

IMO look for the opportunity rather than complain. The whole reason why investing in small companies is so lucrative is because of the very fact that the market often incorrectly values them