stimulating a sell-off wasn't the point of the exercise, and he certainly wasn't looking to reduce the number of shareholders with real equity in their possession regardless of size(real equity could easily be defined as any holding worth more than the cost of a trade, as anything less is actually a financial liability). His intention was to eliminate dead money if possible as described below.
Based on the math and Reg. A offering legal guidelines, and DE calculation as to what is considered a shareholder of record; his objective was to eliminate holders with a nickels worth of shares at current pps or less in their accounts from the registrar of Shareholders of record, and even stated that he acquired the list and tried to call and offer to buy them first but to no avail. In every email response posted on this board he has personally thanked the respondee for their continued support and has point blank stated that the R/S was a last resort.
If he was looking to reduce the number of shareholders without regard, the R/S would have been 1 for thousands if not tens of thousands. Shareholder's irrationality, panic and lack of the most basic math skills instead of learning the facts before taking action is not his fault, but has become his problem. I mean seriously, with no immediate re-dilution until PPS stabilizes at a minimum of .005 post split the R/S is all proportional and the sell-off bottom should have been .0005 just based on the math. All else being equal, the only thing that changes is the position of the decimal place.
Frankly, the market reaction to an action that he saw necessary for growth probably has him troubled. It may not be pump and dump frequent(and he has outright stated that he doesn't manufacture news for crowd hype), but he has been as informative as possible and although I have yet to reach out personally, he answers emails and phone calls to most everyone that has posted that they emailed him.
If someone is looking for an empty promise pump and dump to the moon fast buck and dump the rest stock, especially since there seems to be a resident manipulator that routinely over fishes the pond here in our midst, and PR chasers that take a shot every time news is dropped; hence the stagnant share price at a small fraction of what it should be trading at.
This is a serious CEO, buy, take profits and hold the rest to wait for growth type stock. And responsible trading is going to be the only way to expeditiously bleed out manipulators and minimize irresponsible trading in order to get the share price closer to where it should be.
There are plenty of pump and dump dilution machines out there to buy into if that is one's bag of candy. But this CEO seems to operate in a much different manner because he could have just as easily done his Reg. A offering to be 10 billion shares at .0005 to raise the same capital as 1 billion shares at .005, and turn this into an unmovable boat anchore, but he didn't.
In the meantime, any pre-split shares bought up below .0005 will be ahead of what any Reg. A accredited investors will be able to buy at post split once finalized. So although there is always some post split selloff/shorting; unless one is in desperate need of what is currently left of their perceived value, it can't get much worse before it should get much much better.
AllJMO
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