The question that comes to mind is - Why would this company give a forward split at this price?
They didn't have to do anything if there was no reason for so doing.
We have their stated reason - to do something for their shareholders by a way of reward for their patience. Very noble and bordering on the altruistic. But, could have substance.
However, this would only be meaningful if they plan to reveal something which would
move the share price up, and at the same time hold most of their investors in. Because, if the 'news' and program was not dynamic, as soon as the price moved a little, shares would be dumped by the millions (billions). So it would soon be back to square one.
So, what other reason could there be for this company to go to the trouble and expense of this forward split?
(1) It could be that they wanted to rake in as much as they could before exiting. In other words, all those extra shares they were issuing were sold 'naked' bringing in 3 billion at .0001 over the past week or so. That amounts to about $300,000. Not really a fortune these days. But then those behind the company could have been holding a lot more, and there could have been more than 3 billion shares issued 'naked'.
However, this would depend on nothing further from the company to move the price higher, and for the pps to remain where it cannot be sold by the mass of shareholders.. Also, for the company to be wound up.
There could be other reasons related to that one - variations on a theme.
Remember, they did not have to do anything. There is a cost to what they have done so there IS a reason.
It will not be long before we know what that reason is - to our profit, or to our cost.
