I've never seen an RS in a penny stock that was good for shareholders. Invariably, the split happens, brokerage traders are blocked from buying or selling for 3 days, while the split is carried out, but other independent shareholders (like lenders) immediately dump at the high, driving the price down. Most never recover the high of the split for a long time, if ever. RS sounds good, but they simply don't work the way shareholders expect. Been through many of them, holding only a small position through the spit to watch what happens.
The best way to deal with an RS is to SELL before the split, wait until at least 30 days after the split, and then buy back in, if conditions warrant. You will actually end up with more shares that way. Again, if the conditions warrant, post split.