PRTC had cash of $319.6m, Investment in Founded Entities (inc. Seaport) $114.4m. That’s $434m right?
Market Cap today is $420m and the Seaport proposed IPO will be $0.9bn - $1.5bn. PRTC owns 35.1%. Do the maths. There’s a 50%-100% upside ONLY from the IPO at these prices.
Let alone the 3%-5% royalties that PRTC over Seaport which would become nearer if Seaport lists!