I am holding this stocks since June last year. In my opinion, nothing works in pinkyland. With 5b OS what good is it with forward split? We need real contracts in dollars, revenue, and they really need to retire more than 75% of the shares if they can. Otherwise, same cycle again, IMHO.
No worries. A forward split is a form of dilution that does not raise revenue for the company. Since this company doesn't pay a dividend it doesn't serve to build shareholder confidence either.
2 billion float (hypothetically) becomes 4 billion. pps was .0005 pps becomes .003 for a short while but quickly falls during profit-taking, sell off. 4 billion float moves like the 2 billion float. pps will dive to .0001.
A divvy stock:
10 million float and pps $10/share. Divvy of .05/share. 1:2 split happens 20 million float and pps dips to say $6/share, but the divvy remains .05/share. Now the stock is more-affordable to investors and it still pays the same divy. The pps will typically rebound and exceed the previous level.
Just look at every split D*LL has done in the past 15 years.
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