Not saying he does but suggesting someone should walk from a paying job is madness (and as you said it was about honour it suggested you would do the same and I imagine that, unlike Wellens you do have direct debits to think of)
if if he resigns he would get a lot less (if anything) than if sacked - honour, loyalty call it what you want it’s a job at the end of of the day.
He May be done as far as you’re concerned but as of yet he isn’t as far as the club or AL are.