I don't think they would do a mass dump as that would destroy the value in their investment. They are more likely to bleed them out over time (as any whale would).

Private companies are private; that is their nature. Ned is not a good communicator at the best of times and is sick at the moment so his short response does not surprise me. He is feeling the stress of the bear market and has a community screaming for blood. How would any of us react in those circumstances other than saying mind your own business .

Do we deserve better as a community? : for sure.
Is this the response you expect from a software engineer with limited communication skills under pressure from an angry community who have lost a lot of value in this bear market and want answers (or blood) and a true leader to emerge ? : darn right it is.