Given the overall history of pinks, and sub-penny stocks in particular, that can't be ruled out. But diluting is for the cash-poor (as well as scammers who have no real business other than to sell shares.)
If Nixon's restaurants are profitable -- and profitable enough so that he can open new ones without being in hock over his head -- then hopefully he won't have to dilute.
But, we'll all know if and when the 'starting gun' (of trading again) goes off.