Management loves the science and issues shares as currency to fund the (rightly) world-changing science.
So existing shareholder interest is of no significance to management. Quite the contrary: the capital markets are seen as a piggy bank to fund the science via new share issuance if as and when the slightest need arises.
Perhaps because they are out to save the world and win the Nobel prize. More power to them but not at my expense, please...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.