If you read the rest of the sentence, you will see that the r/s comes with the issuance of an additional 22,500,000 restricted shares in exchange for 100% of the outstanding shares in RCK Development LLC.
Won't those 22.5 million shares have a dilutive effect? Even if they are not available for us poor schlubs to trade.
Might be a buy after the split. As a rule, a split is bullish and conversely a reverse split is bearish, but I must admit that some reverses over the last year or so have actually got me back into the green. The headache is often with the broker failing to maintain the cost basis information. How hard can it be to keep a record of what was paid from one day to the next? It's 2020, for crying out loud. There's no technology available to these people to help them remember my cost basis? Give me a break.
Might be a buy now for those who are not worried about that headache. Maybe they will hold it in an IRA.
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