But dilution has to do with ownership. I don't get why you are using a price per share in your calculation.
In 2001 they had 15M issued and in 2016 they have 185M. A simple average suggest a 12 fold increase over this period. If you owned 10% in 2001 you now own something like .82%. Whichever way one slices it, this is not an insignificant percentage by any stretch.