In the short term, some former PVG holders will sell PVR shares...causing a downdraft. However, once the market calms down and that selling is done, this will be a great holding for the long term. Just takes a little time.
I am not up on that wrinkle. I do know when new shares of most companies are issued people scream dilution. I never understood that. Say you have 1000 shares at $10=$10000. So you issue another 1000 at $10. You now have $20000 total. It is a balance sheet item. That being said some companies spend and waste. PLus if you are lsoing cash that works against you. If extra shares are put income producing work I often see that as a positive.