No, I don't agree. Having the room to expand by increasing the number of authorized shares isn't the same as actually issuing those shares. At this point, we don't know the specifics, and will have to wait for the company to release more information.
I'm a shareholder and I'm not concerned.., so why should you be? Please, tell us, I'm sure we all really want to know why this concerns you, having nothing invested in this company.
...and on the 7th day, God turned off his Macintosh.