Nobody is the bears of bears. Big move ahead and he just can't see the light! What's about to happen will make money for all, including him. He's stuck in the past and can't see the future.
Two words -- Investor Confidence; lack thereof. If you have been reading or watching no trading activity you will know that that except for a handful of members of the Hallelujah Chorus there are many questions about dilution post R/S. DaHole you can stick your head in a hole but that is not going to change the reality of this concern.