Metaplanet has seen its stock price fall by about 17% over the last two trading sessions, now sitting at 244 yen. This downturn follows a communication from CEO Simon Gerovich aimed at investors, amidst growing discontent regarding the company's executive options program and its relationship with shareholder MMXX Ventures.
The company's options pool has ballooned from approximately 46 million to 319 million potential shares due to recent issuances. In August, Metaplanet disclosed this total of 319.46 million shares and established a five-year lock-up period, yet some investors are advocating for the cancellation of further rights.
