I will readily acknowledge that investors can exercise their legal rights as they deem appropriate, There are times, though, when it makes you want to hold your nose as you experience it, and the 100:1 reverse split was clearly one of them (over the years, I have seen many, many down rounds and I would not make that statement about the overwhelming majority of them - so I understand and don't disagree with the general point you are making).

The second situation was not only ugly but blatantly illegal and led to a major lawsuit with some pretty serious repercussions for the wrongdoing "partner" (settlement by having to pay a 7-figure sum to the founder plus later getting sued by the acquiring company for various wrongs, including the one described here).