That is totally wrong, increasing number of shares (diluting) lowers their value.
Like currency, when more is added to a supply, the value of each unit declines proportionally.
One share might be worth a dollar, but when another is created they would each be worth .50. When four are created they are .25, eight is .0125, and so on and so forth.
Econ 101 brother, seriously. 101.
People trying to suggest dilution doesn't lower value are IMO blatantly misleading people.