If you don't have a seat in the board room, assume you have a giant target on your back. As soon as the company has a reason, you can be diluted to nothing. Y

If you don't have a seat in the board room, assume you have a giant target on your back. As soon as the company has a reason, you can be diluted to nothing. You can get a lawyer, but the proceeds are so uncertain, especially if you successfully sue. What do you get, 1% more of a company that has just lost an expensive lawsuit? (Request: court records for a normal middle-class equity-owner in a small company fighting his rapid dilution, successfully or not.)