I think you're overstating the importance of the cap table in the scenario outlined by the parent poster. If you're asserting that no one could know they got sc

I think you're overstating the importance of the cap table in the scenario outlined by the parent poster. If you're asserting that no one could know they got screwed in that situation without having seen the cap table, then I think you're wrong. The cap table has nothing to say about the company suddenly issuing a bunch of new shares, let alone with the exclusive purpose of screwing certain shareholders.