Look, I'm long here, but if you sincerely believe that the latest PIPE investors are going to smile and look the other way when seriously damaging material information to their investment was released the day after the PIPE closed, get serious!
Now maybe the information about restating the financials didn't cross JBII's radar until after the PIPE closed, but if I had made that investment, I'd sure as hell want to know legally and certainly that that was indeed the case.
You would have to be dense not to realize that these investors wanted to fund the company directly, AND THAT IN ITSELF IS AN AMAZING TESTAMENT TO THEIR COMMITTMENT TO THE COMPANY
Dense??? Me???
Investors have a single commitment and that's to their money. They might have altruistic notions about "correct" investments, but they are in the game to make $$. That's it. If you don't accept this, you would have to be dense indeed.