Explain how a RS would hurt investors and the company. And then explain why the CEO would do it if, being the largest investor in company, it would hurt him and his company. Maybe he knows something that you do not.
If a RS doesn't happen in the right situation, then I fear this company will end up similar to ALKM. ALKM is a very viable company producing great products for numerous companies (including KGKG). They have simply continued to issue more and more shares diluting to astronomical amounts (7.8 billion shares OS). If this is the path, we are all F'd.