The last time I was involved with a company that did one. It was incorporated in Nevada and they post all corporate filling on there website realtime. The Friday before the split a filing was made to the secretary of states web site about 11:30 am. By one o'clock that day the stock lost 50% of its value. When the 250 to one split took effect the following Monday. The stock had lost 80%,of its previous trading days value. It is now on a sec trading restriction and is no longer traded . Those wo did not sell have for the most part lost all there investment...
Hope this information was informative.
Go PIHN!!! Red
I think I coulda landed on a dime. I really do. Evel Knievel