Good morning! Well we've heard DA's statements regarding his frugalness in the CCs, but those are just words so it's hard to get a real sense of exactly what is happening. One could consider simply living in Hollywood as living the good life, depending on your taste.
I really doubt Danny would dilute shares in his own company simply to live a decent life now, when he could be living a great life next year by working hard and getting this company into profitability by Q4. Work hard now, play hard later when he can afford to hire others to do all of his work. Remember, he is a shareholder too and as such I feel he does everything he can to protect his/our investment.
Also consider that his face is easily recognizable and I'm sure there are more than a few shareholders in L.A. who would make mention if they saw him "living large" so to speak. He is in the stores early mornings and as someone who has braved the L.A. nightlife, I can tell you that early mornings are not part of the equation ;).