EPS on 3 & 9 mos has been at .01 per share for the last year, thus the EPS post split will be in neighborhood of .30 per share (unless/until they improve).
Authorized shares have not been increased (indicating no plans for dilution)
Insiders as of last 10k own 13,405,971 shares (41.1% of company) and last Q shows approx 10% of the outstanding shares were repurchased by company over the course of the last year.
Insiders will soon have over 50% of shares/majority interest.
My guess: they eventually want to take the company private.
Additionally the RS will put a halt to speculation / volatility that comes with being a "penny stock". (Good bye penny flippers)