Stock down 90% from float - time to revisit

Calibre floated at $1.60 - downhill all the way since.

But not all doom and gloom, they are a much better business than the market gives them credit for. Expansion into infrastructure is not yet well understood.

A large VC holds 75% of the stock, and hasn't sold. Quite the opposite, they are supporting a potential acquisition strategy that could surprise the market.

Management are next highest holders.

So when the company recently bought back 7m shares, they actually took out 20% of the free float.

Target price 50c.