I can’t know!
but something doesn’t add up.
Far from perfect but it’s still worth a close look. I have a tiny position and expecting little from management. This situation has been going on for years.
The current price is trading at 20% of book value and is profitable. The book value is loaded with a potentially valuable real estate portfolio.
It’s a complicated situation but the real estate portfolio on the books for 9.2 million and profitable operation is worth far more than the current market cap of 5 million, imo.
Thought it was worth introducing even with little details for tonight.