Other kinds of prevarication and misdirectionOn the Stocktwits board, various posters are saying Matt Coffey has no incentive to sell the company because he does not own shares, and does not care about dilution because he would gat a royalty on future sales. Both statements are wrong.
A few months back, Proboscises provided a valuable summary of the options held all the significant members of management. IIRC, Matt has about 1.8 million options. Evenyone else has plenty of options also. At a sale of only $2 billion for the company, or about $30 per share, Matt has options a low prices that would be worth $54 million US before taxes. After taxes, that is roughly $60 million Cdn.
Beyond that, the royalty granted to the founders has been ended because every founder but Matt is gone, and I think the options replaced the royalty (I could be wrong about that part).
In sum, they have strong incentives to sell the company.
Finally, here is corporate governance 101: Matt would not be the one to decide to sell. That is the responsibility of the board, who we hire and pay for to protect the interests of shareholders in a public company. Strategic decisions, including sale or partnership of the company, is made by the BOD.