Dilution at this price

I can't help but wonder if /when SGH decides 100% at a D4e or similar, if the share price will be high enough for it not to matter at a buy in at today's prices. Eg today is $0.265 per day. So for round figures sake say 0.25. If the sp is say 1.00 or even 0.75 and there is 50% dilution, a buyer at 0.25 is still in front are they not? Obviously, if the dilution takes place at the current price it's a different story. I believe the catalyst will be 1h numbers as to whether the price changes before the possible d4e. Then again, the d4e may or may not happen. The talks are to satisfy the loan maturity regardless of income as nobody has a crystal ball. That is my take anyway. Please correct any wrong information.