They can't do a 20:1 split, it will be higher. If this is put up at $1.00, this will be shorted real bad. My guess they will come out with news with no0 action to back it up and down she goes.
What we need is for the boss to state that they are done with dilution of shares. But they now know the ATM system works and he will use it again.
And even with a 20:1 split, that brings us down to 50,000,000 from a billion. how can he cut it again?
he has to be thinking of a 10:1 with 100,000,000 shares and then he will hit the bank again.
I sold a bunch a while ago but keeping 10,000 to see what way the wind blows. i think we could pick up more shares cheaper after the R/S