RE:what to do?"
IPO was done 21.12.2023 and 6 months after, there is still nothing." So you actually go to another stock exchange so that the share is traded more and more volume comes into the share that doesn't happen with Majestic that's just bad luck.
If you bought at 0.07 euros, as you always write in the forums, then buy more so that you can lower your cost price.
"So why does the small group of major shareholders accept that their money is being wasted when the fundamentals would allow a valuation of the shareholder value?"
Because the major shareholders probably know what they have from Majestic and that it can deliver good cash flow....
they are invested for the long term and won't be complaining after waiting 2-3 years