If they’re able to keep all things equal, with your example in mind, then they cushioned the employee pool at an earlier round and are burning through the share

If they’re able to keep all things equal, with your example in mind, then they cushioned the employee pool at an earlier round and are burning through the shares faster than when the round closed. It’s a bandaid, the real hope hope is that the injury in terms of valuation is truly a scratch that won’t leave a scar.