I assume this guy has a decent income and is not desperate for money. Why would he sell anything for $100??? Time, effort, legal fees and whatnot are much highe

I assume this guy has a decent income and is not desperate for money. Why would he sell anything for $100??? Time, effort, legal fees and whatnot are much higher than $100. Even if the company would be indeed worthless, I would not bother selling my shares for $100. I would just watch them go to 0.