I agree! He doesn't care about shareholders. Just himself and future shareholders. The next wave could wash them all overboard and he'd have a clean deck to fill with brand spanking new ones.
I don't own any companies. But even better than that, I've seen these types of things happen before. Understanding THAT process is more important.
Hey. Just trying to be realistic about the chances here. I'd say they're less than 50-50, myself.
That makes it a gamble, not an investment. I distinguish between the two.