Everything goes back to fundamental economics, namely demand and supply.
When something is "Limited Edition", it is exclusive and only a handful of people are able to own it. The value of something which is "Limited Edition" is perceived to be higher.
A public listed company's share price will soar because many crazy speculators desperately want that share at that particular point of time. Stocks with low liquidity, i.e. shares with fewer number of shareholders will have its price rise tremendously when it is highly in demand.
Thus, it may be a good idea to buy good stocks with limited quantities released to the public. If anyone could buy a particular stock freely at anytime they want, the demand of it is low. Such a stock may not appreciate at a fast growth rate. Therefore, I agree with the idea that companies which conduct share splits or offer bonus shares are not really increasing the value of their shares but merely diluting the value of its shares.