So, yeah, I think the reality is it's really just a classic dislocation. You know, this is, of course, as a small to micro cap. There are lots of folks in the pipe who got, you know, a tiny position. Only, you know, we have well over subscribed. When we did the deal, we had to cut back. A lot of folks, the insiders, took well over a third of the round.
SourceThey locked themselves up for over 12 months. And I think a lot of folks also maybe try to, you know, look at, look at this as a trade, right? Like, you know, I can't blame people, right?
And, you know, they thought probably in late July, early August, they could buy something at 951, and sell it at, you know, I don't know, 20 bucks in 30 days. And that looked like to be the case for the first three weeks. And then the stock swung from 2025, bucks to, like, you know, teens. And now it's at seven, right? And so I think people looking at this and say, Well, you know, I tried to do a trade. I have a small position. Just get me out of this, right?
And, you know, and look, I'm a capitalist, right? So, you know, I'm unemotional about it, of course, you know, part of me is also disappointed that some five investors thought they're going to do a trade and they can get there, but I'm buying back stock, right? Our buyback is active, right?
And, of course, we still have a lot of cash, and we got the stake in cash flow, so going to buy back as much as we can at this price. And this, of course, grows book value per share, because my job here is really growing book value per share, which you know, of course, apart from the underlying hopefully moving the right direction.