I know it is only small volume but KAM hadn't been able to hold...

I know it is only small volume but KAM hadn't been able to hold 11c so is now down under 62% from its high

I love fund managers, they trade on great PEs. Do I sit back and let this go down further due to declining FUM, no support and fear it won't earn a performance fee next year?

Of does ~$16m in cash on a $24m market cap, an EV of $8m tell me this is a terrific one to get into?

Maybe half now and half when the CEO takes a dose of reality and a 50% pay cut. I don't know who he is but he isn't worth $1.15m and you can't operate a business where a CEO takes 25% of the annual management fee in salary. Especially when its not that much under FUM.

Trend line was pointing to where it is right now. I have 8.5c as the floor for now. Might even see some volume here soon. KAM could be a great little pick up if they can snag a mandate or 2.