no, because they don't own enough shares at any given time to represent the percentage required under sec regulations -
alot of times a VC with a standby agreement will specifically write terms into their deals indicating that they shall never receive payment in amounts requiring for SEC documentation, but with the bi-weekly bleed off structure, that won't be the case for seaside -
No. The conversion shares are free trading, which was the purpose of the shelf registration. And, total shares held would need to be in excess of 6 million shares to trigger a form 4.
The second conversion created 385K shares. I don't see Seaside88 "dumping" those today. The action, volume and transaction sizes indicate other forces at work here. The lack of movement to the downside today should demonstrate to everyone that Seaside is looking for the up-listing as much as anyone.
Market Data 
Markets 
AI
