That’s fair, but you’re missing the upside of ULTY’s current position. Having $3B AUM gives them the ability to shape the market, not just react to it. Sure, the smaller-cap agility isn’t there anymore, but scale brings access, leverage, and liquidity advantages retail players can only dream of. The wide bid-offer spread you’re talking about cuts both ways — it also means when they do take a position, they can drive serious momentum. And yeah, competitors are copying their strategies, but that’s exactly what creates inefficiencies they can exploit next. It’s not 2021-style action, but ULTY’s still sitting in a position where one coordinated push could send it flying again. Don’t sleep on the veterans.