Fascinating insights on the small-cap space! I completely agree that active management is crucial in this area, and it's interesting to see the potential catalysts for a re-rating in the sector. As you mentioned, the lack of research and capital has left the field wide open for astute investors. I'm curious to see how the small-cap sector performs in the coming months and years. Do you think we'll see a significant increase in IPO and M&A activity, and what are some of the key companies or industries that you're keeping an eye on?