2 What are the criticisms of this approach as a signal of keeping your influence on the firm?

In 2018, you launched a wearables technology firm with a single product. The product is a ring that measures heart rate, heart rate variability, skin temperature and blood pressure on a continuous basis.
The firm has been extraordinarily successful and you plan to scale up operations across the world. You currently own 100 per cent of the firm and 1,000,000 shares with a share price of €6. The company needs to raise €36 million to have enough working capital and investment monies to successfully expand operations.