You do understand that a presplit price of .028 with a RS ratio of 1 for 300 equals a price of $7.40 right? So even a drop to $4, NOT an unreasonable scenario considering the larger market malaise and overall bear market, the fact that small caps are getting killed, the fact that there will be insiders selling almost right away, and the fact that the ONLY real investors that buy this or even know about the company are penny stock investors......considering all of that.....staying at even $4 is asking for a lot.
A $4 post split price at that ratio would be around .0133. IMO it will be A LOT easier to drop from $7.40 to $4 than from .028 to .013. ESPECIALLY considering how thin this will be trading.
A .03 RS price gives them little to no leeway after a RS as far as a floor/bottom. Whereas a price at .10 or so with a RS price of $30 gives at least a little bit of a cushion in case of a big downtown.
I just don't see why you and a few others are so confident that this company will do anything differently if and when they do RS and uplist. This company has given no indication that they are capable of that. 99 x out of 100 after these small time pinks RS? The stock tanks 50% or more almost immediately.
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