germainst, super funds (or rather, their managers) are not going...

germainst, super funds (or rather, their managers) are not going to be buying FNT. It's way too illiquid for an insto FM managing an AE (even small cap AE) portfolio. Hell it's probably too illiquid for my small holding to not materially move the share price should I exit.

Think about the smallest holding for a middle sized super fund's AE allocation (say 0.5% of the portfolio): that would require stepping in over a long period of time to get set then the exit risk is massive. Any half-decent risk guidelines and semi-vigilant compliance officer wouldn't allow it. It's not on insto radars. At best it's on high net worth individuals's screens.

That's not to say I don't believe in this company, just thought it might be best to balance your enthusiasm with some reality.