There's a huge difference in an increase of the outstanding count & a company dumping shares into the float...so until you acknowledge this most basic of valuation metrics & quit pretending that the increase in the O/S amounts to anything more than a hill of beans for those drawing up valuation models the sooner your claims of dilution will be put in the proper context lol.
The only thing the increased O/S affects is the valuation models for those who choose to use outstanding counts as oppossed to authorized counts when drawing up valuations.
The majority of the time in pos-land dilution means a company is dumping shares into the tradable float & in this situation it's simply not the case!