RE:RE:RE:NCIBThere's a point here and it's also relative to the actual price. Many institutional investors don't look at sub $10/share companies, or so it has been said.
A 2:1 reverse split for BTE would benefit by leaving an above $10/share price.
Moe is right however, that generally speaking, when stocks split into two, they drop the price, make it open to more investors and generally go up. The reverse is true that when stocks consolidate it's often following a bad trend down and once consolidated to support a decent price, they can continue to decline and often do - since not much has changed.
So yes, business IS important but there is a decent arguement for a 2:1 consolidation (reverse split.)