Don't be surprised if the split is significantly higher, and perhaps as high as 1 for 50. that would bring the price to about 2.50. If the share price of .05 rises before the BOD decision, then of course the number could be different. The 2.00 range can attract buyers of certain company required base line purchase/entry levels. This can move the stock towards the NAZ again and a much wider range of interest and buyers.
Splits are not good and usually only mean that a company is in deep trouble and trying to salvage something, usually to maintain required price levels for an Exchange. In the case of this company, it is my belief that the split idea will be a marketing ploy to gain acceptance and visibility; hence volume and price action.
The long and short of it is - there is a plan and Hale has done this before. They are our salvation.
PS - Dougie needs to read his script a few time to himself before he does it live. I truly wonder what his face to face presentations are like, and how he handles himself on his feet when asked probing questions.