That would mean none of the big investors want to acquire any more stake in S.DICE even with this 'undervalued' share price. Even if this is true, it's not positive.
From my (limited) experience and from what I could get together eavesdropping on MPEx people, generally speaking investing works thusly: optimal chunks are decided (we want 1%, 0.1%, 10% of this company for strategic investors, we want 1%, 0.1%, 10% of our capital in this company for everyone else). This process is based on some sort of fundamental considerations, into which price (current or historical) does not figure. The trades are then executed (there may be some timing skulduggery involved here) and the desired positions entered. This situation continues until a new decision as to the optimal chunks is made (perhaps on a yearly review), after which more trades are executed to attain the new desired position.
I'm not saying it's positive necessarily, I'm not really discussing that angle. Just trying to make the point that not everybody is as last price driven as the average forum user - in a probably doomed attempt to restore some balance to the discussion. And when I say "not everybody" what I really mean is "no actual investor".
I'm thinking that most people aren't selling because they believe that SDICE will still keep it's marketshare even without doing anything (which I disagree with) or that SDICE will add updates and promised features like account betting sometime soon. The situation of "nobody selling" is not going to continue forever (unless people lost their gpg keys). With every second the competitors gain more trust while offering features like actually instant betting.
I suspect people are looking at the dividends and the market share, then try to read some of the forum discussion but quickly shrug and move on. Informal polling shows that not a single one of the larger investors we know of/are in contact with actually reads this forum.
Oh, and you need to explain where the costs are going to in detail (ie how it is calculated) to shareholders. Especially when you just hired a PR rep that has not signed in for a week. What are you paying them for?
Why are you telling me this?!