You are confused - selling shares from the treasury to raise capital isn't dilution - that is what real companies do.
What real companies don't do is use toxic debt - convertible notes.
Plus we were talking about insiders dumping on MCOA. That is a problem because the insiders control the vote and can gift themselves more shares.
What is amusing is a MCOA shareholder defending the insiders dumping shares.
In the last 3 months the MCOA insiders have dumped 31,767,401 shares.