You're not understanding the concept of dilution, and how it affects every share you own.
Think of it as inflation.....a few years ago we were paying $C1 for a litre of gas...now it's 1.5....at least.
Same quantity, less value.
The ATM would've been better it seems, but you never know who that name is and what they bring to the table.
That being said, I'd prefer less dilution, and always have...