Zamano (ZMNO:ID) is an Irish company trading at just 2.4x free cash flow excluding net cash. It is profitable yet has a chequered history with regulators, being fined multiple times in the past, and regulated out of existence in some countries. Critics say it scams consumers, yet the company has battled through and now has a viable business to business segment as well. The market is clearly very negative about the company, are they right or is this a bargain purchase?