We'll say it again...Dilution is NEVER accretive.
Whether, the capital raised from issuing additional shares results in better financial results, or not, is irrelevant to the meaning of dilution.
Stop attempting to put a round peg in a square hole.
The word "accretive" is generally used in the context of something "immediate", and not resulting from something that takes place over the long-term.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Arthur Schopenhauer