People have asked me why I keep posting about Metaplanet. Disclosure: - I am no longer a shareholder as of this week - I have no short position, and have never shorted the company (or any company, for that matter) - I have no plans to re-enter a position anytime soon I have three main reasons why I keep posting about the 10th series issue. 1) 273 million shares in compensation is excessive and unfair to shareholders. The current value of these shares is $490 million, and if they ever reach the all-time high of 1,930 Yen, those 273 million additional shares will represent $3.2 billion, with ~48% of that going to the CEO. 2) The whole point of these posts is to pressure the team to do the right thing and roll back the additional shares created at the expense of shareholders. It was a legacy clause that should never have been carried over to the Bitcoin era, especially not when the main business model shifted towards issuing common stock to buy Bitcoin. I also want them to be more transparent and improve their communication with the community. 3) Quite frankly, to put the industry on notice. If we allow this without opposition, other companies may try to do the same. We already had the CEOs of Strive, Smarter Web, Capital B, and OranjeBTC come out and explain their compensation structure in detail. I especially like the Strive policy which I recently named the gold standard. Because if you add it all up, annual dilution from total employee compensation will be 1% to 1.5%. And that is if all targets are achieved and maxed out, which ensures that shareholders have done very well. I encourage other companies to emulate it, and post all compensation details on their dashboards for full transparency. The Metaplanet team has been silent for the past two days, and I assume that they are reasoning through how to best react to it. Which I support, and I know that these things take time. I am hopeful that they decide to do the right thing, as outlined in the quoted post below. Mistakes happen. It's not too late to make things right. And it would be a clean foundation upon which to rebuild trust over time. I sincerely hope that Metaplanet plans to be around for decades to come, and create an abundance of value for all stakeholders. The pie will grow, and there will be plenty for all of us. That's the beauty of playing the long game. So many shareholders have reached out and thanked me for my efforts, as people like me and Zynx are putting into words what many have on their minds. I encourage everyone to speak up. Because now is the time.