Market saw what Mason did last 6 months, its calling dilution and reverse split and history repeated since he is CEO. And important he had the intention to increase the A/S and did not decrease the 500m A/S. Sounds for me more dilution is planned and dilution is not done. Im sure thats how the market will see it!
You think he is cleaning the house and he will not continue the same way, but market is more looking what he did and that was dilution, reverse split and not make a tiny share structure with a lower A/S and ending dilution.