I guess that would be a very ominous sign if Nick issues himself a boat load of shares to avoid dilution leaving the rest of us even further under water. Personally, I will be surprised if he does that. That would take more than a lack of integrity and credibility, it would take pure naivety to think it would be seen as acceptable by shareholders.
So far, I'm not convinced that he is only out to take care of himself with no regard for shareholders. IMO he is still doing everything he can to make VEND successful and is just hitting a barrage of obstacles along the way. Maybe I'm too optimistic. Time will tell.