I think self interest is a characteristic of most humans and therefore I think that most company directors will try and get away with as much as they can get away with and there are very few exceptions to this.
Even though I knew it was coming, I agree with you that it still hurts......You are not the only one that wishes they had sold at $1 (with the benefit of hindsight) and bought back in at 51cents.
This company definitely is a strange beast however I hold on because of the potential that exists in the water space that many posters such as @Dungiven, @SEAH and @ywtoh have pointed out.
However this doesn't mean that I throw caution to the wind and automatically discount counter views such as those made by posters such as @peterpanned. In fact @peterpanned posts have made me feel quite uncomfortable at times as I'm sure he has had the same effect on others.
regards
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