Better to look at it like this
you own 1 share of 60M now
later you will own 1 share of 1.2B fully diluted
look at it like a pie, your piece just got a lot smaller, but ideally this new management will bring something to the table that the present management hasn't.
The price per share may stay the same, go down, or go up, that's up to how the market percieves the deal.IMO
The truth shall set you free!