Of course management will issue shares if forced to do so.
But the better options are licensing or an outright sale.
So if the better options are licensing or an outright sale, then logically speaking Management should opt for that instead of 'issuing shares when they are forced to do so'.
Now, if there is no licensing or an outright sale then - either there are no takers, or management is purposely not going for the better option that you pointed out. Or, are you going to say sometime later, if dilution happens that it is all manipulation and HFTs fault again, while management is still doing a great job?
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