Shareholder Capital Erosion

Just a quick investigation (since Covid 2020) and I've discovered:
FY23 loss 22.8 million. BOD paid 5.0 million.
FY22 loss 19.9 million. BOD paid 3.8 million.
FY21 loss 9.3 million. BOD paid 3.7 million.
FY20 loss 10.9 million. BOD paid 4.5 million.

Shares on issue since FY20 (to FY23) have risen from 1.8 billion to 3.6 billion.
That's a 104% increase.
Your (my) investment has halved in value simply by being held.

Since January 2020 the share price has gone from 5c to 2c.
So our investment has actually reduced by 75%. In other words every $1,000 invested (then) has now become $250.

I wonder how the next CR will further impact our investment.