you don't get it
They sold 1M shares to make money (coins)
they will buy it back for a tenth (maybe less maybe more) of the IPO price, making loads of coins
then they will spend a fraction to buy some miners, to be legally protected
and claim they had problems in production and couldn't achieve the goals and deadlines
nothing illegal in that, is there?
Yes that is illegal. It goes against their IPO Stockholder contract. Those shares should not have been sold.
If they are intending to buy back, then they have manipulated the market and broken the Shareholder bond both of which would be considered jail term behaviour. If you are happy for this company to manipulate the stock and wipe out 80% of it's shareholders money then you need to wake up and smell the coffee. This stock is certainly NOT going back to where it was.
they don't have to sell their percentage of the shares, they just have to buy back the ones they gave through the IPO cheaper