RCMW Group Inc (fka RCMW)

[palmspringsbum]

It was a 3:1 split, not a "one for three" split. A dividend of 2 shares for every share held.

Seems to me a company that's on the up-and-up isn't going to split at 5 cents, or whatever the price was. They're going to wait until it's hitting $5 and they're on the nasdaq and the price has stabilized.

Seems to me their goal should be getting on the Nasdaq, or listed with some exchange - to sit at the table with the big money.

In fact, a company will often declare a reverse split (such as "one for three", off the top of my head I can recall a case of 20:1) in order to keep the price up in order to stay listed with an exchange.