That at a closing price of let's say .38, the stock should be trading @ $2.66 a share. By trading @ 2.13, it means it's trading @ .30 pre-split, currently.
When stocks like this that already had a low float split, it usually comes down a bit, and then will, like, double or triple
How many shares were there prior to the split? 12M? That means there's about 1.7M shares now. Enough to squeeze this thing like ENCO or IFLG or CWLZ, which is what I expect once they get it down enough. Probably to around 1.40. That would translate into .20 a share, pre-split.