They usually drop at least 50% after the official announcement.
If you add a dilutive cheap financing then they could drop even further.
Just look at what happened to IVDA.
Stock was trading at a $1.
Post announcement it dropped to $0.65.
First day trading post split it opened at $3.38 (down over 50%).
Now it is trading at $1.82 or ($0.14 pre-split).
There are many examples.
FWAV got screwed with Edgemode and Charlie.
They don’t mine bitcoin and will dilute the stock to worthlessness just to buy some machines. I really hope this company goes bankrupt.
JMO.
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