RE:RE:RE:How can you see buybacks?It should not be a dead dog long term given larger shareholder incentives, but yeah this is illiquid, so it can go anywhere in between that.
Look at Destiny media, a very similar company, they can squeeze 700k out of 3.6m in revenue (USD though) and trade at about 3x revenue.
Probably either 3 things happy when rest of the year dissapoints (flat or down compared to 2018)
-They get new CEO in (who hopefully is compensated with much more stock instead of a high cash salary)
-They just milk this for cash, and fire managers and get someone in who is cheap, any growth is nice upside. And cut some costs as well
-They put the company up for sale.
In last two scenarios I see downside of 12 to 18 cents. Probably can go easily to 6-7 cents in the meantime if this happens though.