It could, but that wouldn't be due to dilution. At that point it would be investors selling...as stated previously.
This is falling due to dilution, not investors selling off. Some are selling, but the major factor here is the 5.7 billion shares they intend to dilute above the 0.00035 price. Any share you get below or at 0.0003 will be from an investor selling off, not dilution related to the current offering as it stands.
News 
Market Data 
Discover 
