Watson could have done many things: 1) Keep increasing AS on and on 2) Get "toxic" funding and seriously dilute current holders 3) Restructure through lets say Bankruptcy and wipe out shareholders 4) Reverse Split
He didnt...this COULD very well be the best option for keeping Guard Dog ID moving forward--sometimes the Captain has to give up the ship and hand over to a more able crew to sail to better shores
People rain on your parade when they are jealous of your sun and tired of their shade