His reworking of the agreement made it significantly tougher to dilute beyond a certain level without shareholders approval. He now would need to sell at an average price of $4.92 vs $3.06 before. Would you do that if you were expecting bad results?
If he was worried about bad results, Missling could’ve kept quiet and sold a ton of shares (well beyond the 10 million limit per last years agreement) before the average price fell below $3.06. You don’t think he knew the reworked agreement would be used to drive the price down in the short-term?
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