It is a sweet deal for them, as long as the share price is as you suggested at $2. But wait...that would be a sweet deal for someone who bought in at .075 too. It's simple mathematics really.
Sometimes I get the impression that you don't know what dilution actually is...if you don't believe it's necessary then why wouldn't you just sell? You're losing money each day you hold...you know, that slice of the pie you own gets smaller.... yet you want to buy more shares? Are you trying to play both sides here? Don't complain about extra billion shares to become diluted and in practically the same breath say you want to buy more... just a thought for you to chew on.