patentlaw-
The split was planned when the stock was well over 10. The idea was to increase liquidity due to the tiny float. Right now it looks like a bad idea and perhaps it will be delayed.
For your second question, from the filings:
"On February 1, 2005, The Company acquired the remaining 35% interest in Starway Management Limited from Sky Beyond Investments Limited by issuing a total of 7,807,569 shares of common stock of the Company"
In essence, they just completed the purchase of Starway. Not sure what is confusing here. Considering the benefit of owning Starway 100%, this dilution was well worth it.
I don't know of any $90M loan. The company has no significant debt at the moment.
