On the R/split: doing one right now would get the share price up to a $, but no where close to the $5/ range the institutionals like to be buyers at.
and to do one now, at least a 1-10 and that would leave around 30 Mil shares.. would be nice going forward..
So IF it gets to 50 cents (or a $)? I would not be surprised to see them do a 1-10 (1-5) to cut the share count down to around 30 (60) Mil, bump the share price up to $5 and get the institutionals buying which of course is what is really needed to push the share price up.
Going to be a challenge for the retailers alone to pull it up to 50 cents if it remains under pressure by short sellers.