You have a certain piece of a pie. Now you have a smaller piece of it. That is what dilution does. It decreased, dilutes our investment. Period. The reverse would be true if shares were being put back in the treasury[a share buy back]. Your piece of the pie would be bigger.
With dilution[selling shares]the value of our holding are decreased. With a share buy-back, the value of our holdings is increased.
Actually, experts will tell you that diluting shareholders is the worst thing that can be done to them.
Kind of like inflation. Your money is worth less and less.
The dilution going on now is very likely to bring that five cents per share that is kicked about. VERY likely. IMO.