As for diluting M to pay for development. I don't want my value cut in half, and I'm sure those who are owed by risto don't want the ability to pay them back cut in half. Some smaller amount like 5-10% might be passable, but not half. And certainly not without a plan for where the funds go and who is managing them--right now, smooth, saddam and mooo are about the only ones I'd trust with that job.
I agree, % dilution should be the smallest amount needed to raise enough funds to achieve the starting amount of dev funding, then the game should become self sustaining from in-game mechanisms like taxes and running successful enterprises. I honestly don't know what that figure would be, but 10% of a CK with a healthy marketcap might be enough, whereas 50% of a struggling CK might be the same $ amount. That's why it's probably best if we all support Speed's initial reboot plan.