Some truth to that, but Tom prolly isn't doing the daily diluting...it is illegal for him or the corp. to do that. What goes on is that past stock sales and payment for services of stock are out of his control. They will sell whenever they wish too. If they are smart, they will only sell legally registered shares, but alas, often they screw-up.....
Any rate, Tom and previous management made the bed they live in....you get to learn of the moves after the fact and take whatever......
It ain't purdy here, imo.