I understand your concern, but it does not matter. If he buy presplit stock, at lets say $.045, their stock is R/S just like ours when it takes effect.
If the transaction is post R/S, like it probably would be, they get the number of shares devided by the new price, lets say $1.00.
Either way it is about 18 of the company for $5 million, as I figure.
The Authorized share issue has not effect on this.