"Do you believe Offor will allow his (our) future value to be raped like that to gain a useless amount of cash now?"
That's assuming Offor isn't the one buying the newly issued stock.
Suppose Offor (indirectly/surreptitiously) is buying these new shares. He would actually increase his ownership very cheaply at minority shareholders' expense.
Not that I necessarily believe this to be the case; but it is a possibility and could be a reason Offor would be "on board with this plan."
Just throwing this out there with all the other conspiracy theories and dot-connecting that are being floated. Just illustrates circumstantial evidence can be bent in numerous ways. - LT
Any fool can criticize, condemn and complain and most fools do. – Benjamin Franklin
What is a cynic? A man who knows the price of everything and the value of nothing. – Oscar Wilde