Just more scientific evidence backing up what I said:
"Hyperventilation before diving enables breath hold divers to stay down longer but is very dangerous. The diver starts with a low carbon dioxide content, a high pH, and a normal oxygen tension. During descent to, say, 30 m, the pressure increases fourfold, compressing the airspaces to one quarter their surface volume (from total lung capacity of 6 l to 1.5 l, near residual volume). The partial pressures of oxygen and nitrogen in the alveoli also increase fourfold and produce corresponding increases in arterial and tissue gas tensions. The alveolar carbon dioxide pressure does not change much because there is little carbon dioxide in the lungs at this point and the body has considerable buffering capacity. During the dive oxygen is consumed and carbon dioxide is produced.
Because of the hyperventilation the diver does not feel the need to breathe until the arterial oxygen tension has fallen to levels which stimulate the carotid chemoreceptors. As the diver ascends hydrostatic pressure is reduced fourfold with a fourfold reduction in oxygen tensions in alveolar gas, arterial blood, and tissues.
The rapidly falling cerebral oxygen pressure may be inadequate for consciousness to be maintained and the diver could drown during ascent.
The danger of hyperventilation applies to all breath hold divers, including snorkel divers and people swimming lengths underwater in pools.
The reduction in oxygen pressure when coming to the surface from the bottom of a 2 m deep pool can be enough to cause unconsciousness, and some children have died this way."
ABC of oxygen: Diving and oxygen