Sugarmade Inc (SGMD)

[mrw21j]

When I view a stock, I see the authorized share count as potential dilution. I do not see it as profit making potential for the general shareholder although it may be for the company executives. I view Authorized share count as "in play" although in many cases they are not. As I see it, authorized shares will ultimately come to market and will likely decrease the value of my initial investment.
I would accept an increase of AS if 10-20% of authorized increase is added to current shareholder value as an incentive via dividend or share increase. This is of course unheard of and rather unlikely.
So, in essence, I view this as being my current position as a proportion of 300 Million shares to be diluted to a proportion of 1 Billion shares. Without subsequent forecasting of increases greater than 70% current valuation, I don't see logic in reducing my stake in the company by 70%.

If there is logic to this I am not seeing, please help to inform me.