If you are a trader, diluyion maybe relevant but if invested on this with an horizon of 2023, of 2 things one
1- The thing is going to go bancrupt and fold (you hopefully will have played money you can spare)
2- Leon will be succesful and from my current avg cost ($0,0035) I may easily double, triple of better and will have made quite an interesting return.
My portfolio is made of blue chips (Dow,NASD), established small/medium size companies (TSX) and 3 OTC stocks: GRST(trading on OTC/pink), a second one (trading at $0,20 on CES.ca) and a third one (trading at $1,75 on TSXV close to uplisting).
For me, going rate of dilution doesn't bother me to much. What I look at is market cap (currently extremely low)