Current market cap = circa $15mil. Even at $20mil market cap,...

Current market cap = circa $15mil. Even at $20mil market cap, $5mil EBITDA for FY18 implies a P/EBITDA multiple of 4X. That multiple would be low for a mature business with flat/negative long term EPS outlook, let alone a business growing its revenues and EPS at this rate.

You would struggle to acquire a small business as an owner operator at that multiple, so to be able to acquire a growing/scaling business as a genuinely passive investment is a great proposition.

Ignore the share price (unless you're shopping OR the story changes). You'll be sad when it goes down, and happy when it goes up. Just pretend it's your business and it's not even listed.