Tony may be finding it more difficult to raise capital. Without...

Tony may be finding it more difficult to raise capital. Without exception, everyone that ever participated in one of his raises (assuming they hold) is deep underwater

Hence the sweeteners. Low-ball prices with 1 for 2 options on top. He must presumably feel the need to offer such terms to source funds. Obviously these deals limit further upside for current holders

Does Tony feel under pressure? Idk. Possibly not. He doesn’t have much of a financial stake in the company and is therefore mostly shielded from the consequences of the collapsing share price

I doubt very much any of the big money holders are happy with the performance of the company. But the registry is highly fragmented and in the past there hasnt been a coordinating agent able to successfully instigate for change