I would prefer to have shares in stable hands at the time of PRs, but I don't think dilution helps in that regard. It provides a window for flippers.
I don't think the dilution will bring the pps below .003, as it would be a bit of a slap in the face to long term shareholders, imo. Longs had an opportunity to get in at lower prices. If they dilute such that the pps hits those prices, that would be a double negative for longs (1-the inflation effect and 2-the fact that newbs can get in at as good or better prices). Just wouldn't be right, imo, so I hope it doesn't happen.
gbathat