Why accept lower margins, page-16

Yes, management hold a big chunk of shares so have skin in the game.
They are profitable
They are generating cash and are steadily improving working capital
Revenue swings do occur and will continue as is the nature of the business
Yes there has been poor transition from private to public but that improves with time.
NP of 46mil as per the prospectus was a pipe dream but that is what they will be measured on.

AND only 6% of the shares have traded come 70c till today (of which 2% was from one investor), compare that to other companies that have had a downgrade and you will see it has hardly been dumped. Maybe just panic selling