A PIPE wasn't the offering, and I didn't say they were in it for the long term. I said they were looking for the up-listing and much higher values. Their best return will be in a rising share price and not from a 12% spread in a declining valuation. IMO, Seaside is looking for a home run and not just a get on base with a small return.
Please look at the chart and trading pattern before drawing conclusions. Reading charts is your forte, yes?
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