a move from 6.3 to 10 Mil is a hefty hit to the target price..
Having a r/split on the shelf in order to stay listed is not a bad thing. What would be bad is if the share price heads towards a $ and lower.
And again, a r/split by its own self is not a bad thing unless they are dumping shares into the market cause the market cap remains the same. And the target price adjusts accordingly.
Its the heavy selling of shares post a r/split that is the true killer (unless of course, the company is a bad investment to begin with)