Liquidmetal Technologies Inc (LQMT)

[rige]

I don’t disagree with anything you wrote but here is the funny thing when you have a larger number of shares, you can sell more shares, a little here, a little there, without greatly affecting your % ownership, because unreversed shares individually represent a smaller % of your total holding.

Reversed shares represent a larger % of your holding so you quickly lose % ownership when you sell them.

Selling 1 million unreversed shares would represent 0.0025% of his 400 million shares.
Selling 1 million reversed shares, at an RS of say 1-10, would represent 0.025% of his 40 million shares.

As you said, he is in it for the long run so why do an RS when the share price will eventually go up to the same level anyway. And then he can sell shares without adversely affecting his % ownership.

Also its better for investors to have a large number of shares to trade instead of the shares being restricted in volume, limited tightly held shares lends itself to greater market manipulation.
More shares allows for more investors to get a piece of the action. Its one of the reasons why Apple Split its stock, so the aapl shares would be more affordable to the average investor, creating more demand for its shares.