Not a surprise and also not good. A controlling interest in a company is 50% + 1 share. Why can't he gift himself shares if it dropped to about 50% if dilution has to continue? He has what 80-83% and still gifts himself shares, so his slice of the pie stays the same while our slice keeps getting smaller? 2/3 or more smaller in just a over a year? Stop the gifting and get the product out! He can give himself a huge raise when and if sales start and, or, revenue starts coming in.
Do something for the shareholders!!!
All imo.