## Metaplanet directors push back against shareholder fury over a controversial executive payout plan ## Independent directors cite management’s financial risk and restructuring role, but leave questions about Gerovich’s exercised shares and MMXX Ventures unanswered. - Directors defended the 10th series of stock acquisition rights following a 41% cut that extinguished over $220 million in potential warrant value. - The directors said management bought the rights with personal funds during a financial crisis, arguing the scheme reflects their role in rebuilding Metaplanet. - The letter does…