Correct me if I'm wrong but isn't it also a bet on the future in the sense of "I think our stock is undervalued right now and that it will go up in the future,

Correct me if I'm wrong but isn't it also a bet on the future in the sense of "I think our stock is undervalued right now and that it will go up in the future, so I should buy it cheap right now and then I can reissue the stock and raise a significantly more amount of money"? At least that's how I've thought about it