Targeted dilution of individual shareholders seems extremely shady. Almost seems like it should be illegal.
As noted by someone else, they should have simply retained first option to buy any portio of Allen's shares in the case where his shares would change hands. Actually that should probably apply to all major insiders.
Intentionally trying to dilute his shares, if this did indeed happen, is tantamount to stealing in my eyes.
As noted by someone else, they should have simply retained first option to buy any portio of Allen's shares in the case where his shares would change hands. Actually that should probably apply to all major insiders.
Intentionally trying to dilute his shares, if this did indeed happen, is tantamount to stealing in my eyes.