Are you actually suggesting that he make no efforts to sell the shares at a higher price? Are you also against his seeking alternative means to raise cash?
He is not boxed into when he issues shares. To do other than limit the dilution is dishonest to his current shareholders. But apparently you feel selling at a low level is honest to you, but selling at a higher level is dishonest to the new purchasers. That's great.
Is this another correlation of triangles thing?
Agree with Viking on this:
- it's not about honesty or not imo. More about making the right decisions at the right business cycle
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