On what basis would an insto buy into this stock ?$200K profit...

On what basis would an insto buy into this stock ?
$200K profit on $16mill turnover I don't think so !
I'm not saying the prospects are good but its history is crap and thats all we have to go on .
Unitab is the only one that might be interested and since they havent' shown up on the register to date then we will have to wait (and hope)