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Monday, September 26, 2022 12:22:08 PM
Even for those who bought sub penny (which I did not) prior to the announcement, they would not break even if it only goes up to $0.035. Let's say they bought 1,000,000 at $0.0035. Their cost would be $3,500.00. After the split, if the price per share went to $0.035, their shares would be worth $35.00
And there will be dilution, post split. The company needs to raise money. The number of shares authorized does not get split. By doing this split they will have more outstanding shares to sell.
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