He is a Shareholder with no control over the company or it's operations. He is a Consultant at best with a performance guarantee's built into his Contracted relationship with the company. If he doesn't raise money and lots of it they can automatically terminate the Contract, if he does not raise enough money they can automatically terminate the Contract. The share counts only really matter when we get to figure how much the company is really worth and what it will be really worth and until then it's numbers on a page. I have said this before and I will say it's again I have seen thousands of company's with hundreds or even thousands of Share worth nothing, and I have seen company's with with millions or billion's of shares worth billions. It's all about value, and it's a range of thing that determine that value including the company, market segment, market conditions and most of all, in my view the product and any other assets the company may have, etc. beyond that it's all about what they are worth and what people think they are or might be worth.