Regardless, it was oversubscribed and the fact that it opened...

Regardless, it was oversubscribed and the fact that it opened below IPO means those subscribers just wanted to flip. If they truly believed the story they would have bought on market and there would have been more than enough support to take out the note holders at those price levels.

This kind of tech play does take time and the growth can be exponential once the market starts accepting and adapting. Until then it will be a slow grind and certainly at the seed level the CN got in, it was to test the waters and prove of concept. The fact that they were even able to do an IPO means that there is a certain level of prove of concept already. So for CN holders to buy at those early stages when it was not proven to to sell now when there are prove of concept is beyond me.