The thing is, no one fights reality so hard and stays a shareholder. The reality is, bankruptcy wipes out shareholders. Pre-revenue companies need shares to remain solvent. You know the deal or should know it.
The fate of the company rests with regulators at the moment and there is not a lot more the executives can do, plus they need shares to go commercial or even to do any deals.
Do any shareholders LOVE to be diluted? No. Do they recignize the necessity? YES.
Your bashing of other shareholders for an illogical attack on a company you claim to own and then saying rational other shareholders are "cultists" gives away your game.
Have I owned a biotech stock and ever decided it was time for me to move on? Sure. Sometimes a company is not right for you, or you don't have the patience or you do not agree with management. That's fine.
Did I then spend my time bashing management? No. I typically sold and moved on. In some instances I regretted that and in some I was happy I did move on.
I've never ridden a company to oblivion. So that I could call other shareholders names. THAT makes zero sense.
THAT is something that is bizarre. Not that shareholders want to preserve their holdings by supporting a CEO who got a company through difficult circumstances and who needs more shares to keep things going.
No one loves more dilution. No one. But it's the most rational move at this stage. Screaming at other shareholders for saying so and calling them "cultists" is absurd and suggests you're emotionally disturbed. You should move on, if you're not here for the long haul. You don't own the company, you have a small piece. You can't control it. And you're not going to convince other shareholders to commit financial suicide with you because emotionally, that's what you want, or because you like to call people names, or more likely, because you are largely short and saying you're a long and acting like a rabble rouser is fun for you.
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