OMG - they are not going to do a forward split... this describes a REVERSE SPLIT. Are they all idiots?
The company is considering a 1 for 5 forward stock split ??? to increase liquidity, tighten the bid/ask spread, and increase trading volume. It is also exploring the possibility of issuing a dividend to shareholders in the form of a new class of common stock with identical rights as the current class. Music Licensing, Inc. (OTC: SONG) plans to file another Form 211 with FINRA to allow both classes of common stock to be publicly traded.