It looks for me that this company is an excellent value at the moment. The stock dividend diluted shares not more than two times. Coming reverse split changes basically nothing.
Even if to take very, very conservative valuations and take in account the damage caused by stock dividends, the price of shares should be not less than $0.60 - $0.65 before the 1:10 reverse split. $0.24 per share is clearly a huge overreaction.
I strongly believe that the shares will cost much more after the smoke clears. Also, on positive side is the fact that with just 5M shares outstanding after the reverse split, the company will be out of reach for day traders because the volume will not likely to be high after the reverse split is over.
I liked this company for a quick trade and Im not a day trader.. but as an investment this company has no visibility on earnings and clear thought out decessions but they are making value and still making money so I guess imma a lighten up 50% of my shares and play with the houses money...