Cant review the exact share structure at the moment but that sounds inline with my initial calcs. Ive been through a number of splits...both reverse and forward and if not done strategically its a disaster for shareholders. They need to either front load the split with great PR's or release several post spilt to avoid further share price depreciation. For instance, providing insight of potential plan to up list to a major exchange in the near future. These things are important post split. If the post split price sinks immediately after for whatever reason it kills the pre split shareholders.
I hope these guys have a plan. Im too far in the red to move on at this point. If this was later in the year I might've taken my lumps to offset my capital gains but we're not, so here we are.
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