RE:Share split Probably because they dont want this to remain a penny stock? This helps getting new investors on board. They have more on the stock market.
BUT, they are diluting further, unfortunately. A bit hidden in the PR:
"In addition, the Company expects to issue an aggregate of up to 268,333,333 special warrants pursuant to the previously announced brokered and non-brokered private placement offerings. Post consolidation, these special warrants would be convertible into 13,416,667 common shares and 13,416,667 warrants exercisable for $3.20 per share for a period of two years from the date of issuance."
This will hurt the stock price for sure. If I didnt miscalculate, the new warrents are offered for 0.16c, well below the current stock price. So, I would rather ask: Why so cheap?