I'd definitely prefer it they don't do it. But it's a tradeoff. I think when all the acquisitions are up and running at potential, let's say in 2 years (and I'll just put Bophelo at 10ha capacity by then), then Halo could be looking at 300-400M/yr revs. That should likely give them better than a 1B market cap at that point. With the current O/S, they're still under $1.00.
So, you have all this tremendous growth, but you'll find it extremely hard to attract investors because you're still a penny stock. That's a terrible situation to be in. Many big investors/firms have a hard rule against buying penny stocks. They can't do if they wanted to. So, I completely understand the need to split and can accept the truth of it. It's necessary for the health of the company. If it happens before the stock goes on a run next year, it won't hurt stockholders at all.
The uplisting comments by Kiran are just to avoid as much backlash about it, because they won't qualify listing for at least 2 or 3 years from now. That's why he's authorizing 2 splits. The first one has to happen now.
And those revenue numbers aren't just guesses. Kiran said in his last interview he sees Halo doing $30-35M/month in the near future.
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