Perhaps day one stuff but you are clearly speaking from a trader's point of view.
With all due respect but if you were to speak to WL you would know he is very conscious and concerned about the O/S going up.
He also stands to make a killing on the 125M shares he received in return for his investment, which would be over $3M in proceeds if you assume the stock could go to $.025 eventually (even at a 7.5B O/S the market cap would be a mere $187M).
It is important to keep in mind that MMTE is operating in an industry that is going to transform how we power our electric-powered gadgets/vehicles. That being said, WL has a better idea than us what the interest in MMTE's concessions will be down the road and if the rumors of an eventual buyout have any legs.
It will ultimately be his decision to sell out or partner with a more mature entity and if he does intend to sell/partner the .0079 he paid for the 125M shares could very well be worth many multiples of that in the not too distant future.