"Dilution hardly counts in such a case because the company will be taken over long before we get to enjoy anything resembling justice in regards to stock price revaluation."

How does dilution not count in the event of a takeover? It has the exact same effect as it would otherwise. It's really not that complicated...

Let's say, for example, that Company A has a total of 100 million shares out. Company B then comes along and decides that they're willing to pay $500 million to acquire Company A. Well, that equates to $5 bucks a share. But now if Company A happened to have 200 million shares instead of the intitial 100 million...well, that would leave shareholders with only $2.50 per share. That's a pretty big difference, is it not?

So please explain to me how dilution "hardly counts" in the event of a takeover. I don't understand why anyone would think such a thing...