I didn't say he was in the red. I said his seeded shares were valued at 0.19. "Valued at" is not the same as "paid for".
The point is NOR was valued at 4* it's current SP but with all the dilution via 550% increase in SOI; the MC is now far greater than its RTO.
PO is paid quite nicely for 1 of his many gigs whilst overseeing destruction of capital. Great work if you can get it.
