I wonder if you could simply ask them to sell the shares back to you at a fair price? Diluting a stakeholder purposefully can have unintended consequences (on your reputation, on employee and investor morale, etc). Maybe best to handle it gentlemanly, so that nobody else starts fearing that they're next.
As a personal example, Ive walked away from job offers when I found out the founders squeezed out an early developer's equity. All things being equal, why would I assume Id get any better treatment? This situation isn't quite the same, but you get my drift.
As a personal example, Ive walked away from job offers when I found out the founders squeezed out an early developer's equity. All things being equal, why would I assume Id get any better treatment? This situation isn't quite the same, but you get my drift.