RE: The facts... You're logic is completely backwards. You say the stock is at 14 cents as it is pricing in dilution. Dilution is not necessary. It will only happen if the deal falls through and they don't file for bankruptcy protection.
You are saying the stock is trading low because the deal won't go through. So if the "dissidents" vow to vote FOR the deal, the stock price will go UP?
Therefore you are intentionally causing yourself to lose money by voting against the deal, which will cause dilution and make the stock to go down. Smart!