I prefer to look at market cap rather then share price. Down to...

I prefer to look at market cap rather then share price. Down to $44 million. It was just under 100 million prior to the last market cap. I'm sure they have raised at least 44 million since the all time low. I had high hopes for this stock and thought I would regret selling out.
I am still waiting for it to turn before buying in and it doesn't please me seeing so many people getting burnt as I have always thought this was a good company.
I have asked many times how this could be valued so low and the only response I have seen is about management. I'm pretty sure they have changed many times in 15 years so am I missing something?