If this opens and stays above .50, you will still be able to break even if your cost basis was .0001 pre-split.
Prior to the split, we had a little over 300 million shares sitting on the ask at .0001. That means that sellers were only willing to sell $30K worth of shares at that price (300 million X .0001 = $30K).
Those same 300 million shares are now 60,000 shares post split. Depending on how this opens up, I can expect at least 60,000 shares to be dumped at open. If the sellers decide to dump for whatever they can get, this could dip below .50 really quick, which is probably exactly what the MM's are waiting for. There should be a small pop/run after the selling, but it all depends on how the company handles the situation (PR or silence).
This is just speculation on my part. I'll be looking to at least break even, but if this shows strength at open, I'm staying in short term.
