Agreed.
The MSA and other state laws and regulations have made it extremely burdensome for non-participating manufacturers (to the MSA) to operate. Further, there has not been a new participating manufacturer approved under the MSA since 2007. Approximately 97% of cigarette unit sales in the U.S. are subject to the MSA.
And so we have a $4 to $6 stock with MSA and the patents alone, that's respectable, no need for it to fly to $20 or whatever at this point.
Time will tell, the upside here is enormous, imo.