About Firsthand Technology exit (biggest shareholder)

Hi everyone

I have been researching this stock for 10 hours, thoroughly answering the investment checklist https://www.amazon.com.au/Investment-Checklist-Art-Depth-Research-ebook/dp/B005OYGOZW, and I have found an interesting detail that I wanted to share.

The biggest shareholder is Firsthand Technology Value Fund, and after checking their website, I could create a few bets about their very likely exit:

• Bet 1: Firsthand will wait for Cutini to develop Revasum, sell the company to a bigger player, and then take profit. It is not the first time that Cutini does such operation. 
• Bet 2: Firsthand will wait for Cutini to develop Revasum, then they will sell their shares after the two escrow periods. First release of their shares will be in August 2019. The second release will be roughly in January 2021. Question is; who will be buying that many shares?

Firsthand has a history of taking profit after a float; they did exactly that with Twitter (http://firsthandtvf.com/index.php?fuseaction=companies.twitter_exit) and Facebook (http://firsthandtvf.com/index.php?fuseaction=companies.facebook_exit). I suspect they will also do the same with Pivotal (http://firsthandtvf.com/index.php?fuseaction=companies.pivotal_exit)

What are your views on this? What would be the impact on retail investors like us?

Information supporting my thinking (please feel free to add any inputs):

• From the prospectus: "at the date of this Prospectus, Firsthand holds a warrant to acquire up to 9,750,000 Shares. Firsthand has agreed to exercise half of the warrant immediately prior to listing partially on a cash basis and half of the warrant on a net exercise basis. As a result, Firsthand will acquire an additional 4,875,000 Shares at US$0.67 per Share and will pay the Company a total subscription amount of US$3,250,000 and will receive 2,553,570 shares on a net exercise basis."
• From Globe News Wire (https://globenewswire.com/news-release/2018/11/12/1649993/0/en/Firsthand-Technology-Value-Fund-Holding-Revasum-Files-Prospectus-for-Initial-Public-Offering.html): "As is customary in initial public offerings in Australia (and in the U.S.), we have entered into agreements (commonly called lock-up agreements) that restrict us from selling our Revasum shares for a period of time. We currently expect approximately 16% of our Revasum shares to be released from escrow (lock-up) on the day following the release of Revasum’s first-half 2019 financial statements, which is anticipated to be in late August 2019. The remaining 84% of shares are expected to be released from escrow 24 months following the IPO."