Anavex Life Sciences Corp (AVXL)

[Steady_T]

That is not quite true. It depends on what the company does with the money it raises by selling stock.

If the company uses the money raised to increase the value of the company then there is no dilution.
In the case of Anavex, if that money results in an approval on multiple indications, the increase in share price will more than make up for the increased number of shares outstanding.

If the money raised does not result in an increase in SP commensurate with the increase in shares, then it is dilution.