I still don't see logical reasons why Toms would do a r/s. 1. he's rich already, 2. he owns shares, and 3. who knows what type of criminal or civil lawsuits could arise from diluting/r/s, diluting/r/s over and over like you are insinuating (essentially running a scam stock). the only question remaining in my eyes is could the company need the money? I can't be sure. I'd like to see a detailed financial report including all subsidiaries.
the only reason I could see him doing one is to repair the share structure, but just buying back 1 bil. shares would be a lot more beneficial, assuming the company can afford it. even with a 4 bil. o/s, if they can produce the revenue, this can move imo(once people know the diluting is over).