IMO that is nothing to be concerned about.You wont see...

IMO that is nothing to be concerned about.
You wont see institutions buying here on Primary Markets until there are many hundreds of thousands of shares available to buy.
Clearly not the case at present.
Institutions, from my lifetime of experiences, don't necessarily worry too much about the price that they have to pay for shares in a company that they are interested in and see a big future for.
What they want most of all is to be able to buy large chunks of stock when they decide that they want to buy it.
You only have to look at the recent big capital raise of $88,888,888 to realize the truth of this statement.
IMO the additional $50,000,000 Cap raise on top of the $88,888,888 was not planned for. (Why else would Yat originally decide to raise the "all the 8's Chinese lucky numbers" dollar amount - I believe that Yat himself was truly amazed at the interest in AB1 hence he accepted the extra $50 M.)
When word "got out" that AB1 was raising capital and these players missed out, I believe that they literally "beat Yat's doors down" to the extent that Yat had to agree to accept their money. Look at the investor names in the "what is called" the 2nd tranche:-

Investors in this second tranche included Blue Pool Capital, Coinbase Ventures, Gobi Partners, Korea Investment Partners, Liberty City Ventures, Samsung Venture Investment Corporation, Scopely, Token Bay Capital, zVentures (the corporate venture arm of Razer Inc.), and other prominent investors.

Small time investors? Clearly not.