Yeah you're quite right in general,
So I originally bought VML back in either 2015 or 2016 at from memory around 35c, then it went to 13c and I sold a long time later perhaps in 2018 or 2019 for 87c and stopped following it.
I recently became interested again due to reasons that Baa_Baa has highlighted very well (at the time I had not read this thread) but admit far more speculative than what I am normally doing, but cash rolling in is cash rolling in. So I do own and bought at an average of 42.3c and have a decent sized holding considering the nature of the company.
Another example of a similar type of 'story', ASX MAD which I bought at 90c and just sold the last of somewhere in the low $5's - it was growing like a weed and selling at 10 x earnings with a whole lot of other stuff to like, I am much less sure of TSK, probably because I don't understand it as well.
I will hold and am along for the ride, agree with BaaBaas thesis here.