I'm sure Fredrik understands. He's probably the one who wants the 32% for 1xNTA. Seems like a sweet deal, selling the crappy stock back to the company for $10/share so he can acquire the aqua assets for 1xNTA. Had he been on the BOD, it would be a conflict of interest.
And then that 32% will be worth a lot of course, when it trades on the Hong Kong exchange for a P/E of 50. While the rest of us shareholders have to suck on lollipops.