Wrong. Current trading after dilution is no indication how a stock performs in the future when shares are in stronger hands and at higher pps.
We know people flipped the stock, this creates additional volume.
Trading will change completely with more information, time, higher pps.
See GIFA, ARYC and other stocks which had worse dilution at lower pps and now trading changed completely and they need less volume to move. Won´t be different here.
Approximately 125m o/s is never bloated!