The S-1 laid down the basic terms. There is no discount post split in this deal. Is the company lying on SEC forms to shareholders?
Some people spend all their time criticizing pink sheet stocks and they are correct 99% of the time. They feel as if they are on top of some social online hierarchy because of this success. They forget that 99% of pink sheet companies have failed business models and that a group of monkeys with computers could be equally correct throwing cyberpoop at the same sample size.