Chuck can't make any more or less than what is in the contract. when he sell it doesn't matter where the pps is. what matters is he has accumilated enough money through selling the stock as what is contracted to him. Its very simple. say you own a public company and decide to raise capital for a new office. You sell shares to the open market until enough money is made to open the new office. in this case its not for a new office, it is to buy out chucks contract.
Now after selling the shares to the market those shares are added to the share structure. depending on how many shares are sold, determine how it effects the stock..
say a company has diluted to much and the share value plummets to unacceptable levels like most pink stocks. the company has 2 options Reverse split or buy back shares to raise the pos to correct the share structure.
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