I have supported this company but bailed out today. Sheckels?...

I have supported this company but bailed out today. Sheckels? are they kidding me?  What part of the world are we living in? They are going to dilute the company from 70m shares to 270m shares for 1.4m aud.  I feel like I'm in the bible. "And so it came to pass that the long suffering shareholders were invited to Judas Escarriot's house for the agm and barbecue where dice were thrown for the scant clothing they had left. Verily the shareholders fled naked from the house and disappeared into the wilderness. When the board of directors emerged they were wearing the clothing once warn by the shareholders and wandered into the garden of gethsemane where they vanished up their own backsides." I'm out. Goodbye, farewell and amen.