Dilution is adding more shares to the OS, period. Why is it called dilution? Because adding more shares DILUTES the value of the earnings, etc and by extension, the value of the shares we hold. The reasons, that is another matter.
But you know all that.
Right now in the last few days we were led to believe by several who talked to Dean and Jose, that dilution has stopped. Check the previous posts here. Thats the impression most of us had.
Credibility for the Management is IMO more that 50 % of the intangible value of a company. If that is near zero, we have a problem here.