Of the naysayers, Risk is a denominator guy, and AVB is more a numerator guy. Risk dwells on the number of shares, by which we must divide SNEY's value. AVB focuses on the numerator: what is SNEY worth, really? Show me some actual revenue in the numerator, and I will forgive 2.5 billion shares in the denominator. Would I prefer 2.1 billion shares? Sure, but dividing a non-zero number by a large versus a larger number gets us farther than dividing zero by anything.
I am an amateur at this, and it would be unwise to rely on my opinions without your own independent confirmation in consultation with an investment professional.