Not supposed to benefit "you the shareholder". It benefits "them the management". But it COULD benefit you the shareholder.
Consider. You have an idea. You start a company. Idea flourishes. You begin to see dollar signs. You're gonna be rich & powerful & hire homeless people to wipe your ass. The amerikan dream,
Then, some other company comes along & wants to buy your company - your idea - for pennies on the dollar compared to what YOU think it's worth. But they aren't making the offer to you...they are making it to your greedy shareholders who want to triple their money in three months rather than making twice that in 2- 3 years.
So, to keep the company, you make the decision to more then double the number of shares. That way, no matter the offer to shareholders, the hostile party cannot acquire 50% +1. AND you can keep your job & dreams of the poor wiping your ass.
And you can justify to yourself that you are "looking out for the shareholders" b/c you are protecting them from getting ripped off by being underpaid for what the value of the stock will be in 2 - 3 years. Those stockholders don't know what is best for themselves anyway.
Make sense?
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