Folks here need to attend a basic 101 Investing course. "What effect...?" Figure it out: price/share divided by 2, times 2. Duh. No, it doesn't mean the value of the company or your holding go down. There is
merely twice as much stock out there. Splits often come when management sees growth ahead.
This is the most "manipulated" stock I have ever seen. It is an ideal stock for it. You can bet on every generated run up and subsequent drop the hedge fund boys are making big money. This stock does not move for any rational business or valuation reasons, otherwise why would it be worth $1.94 one day and a $1.61 the next and then vice versa without significant news. The pattern has been going on for years. Maybe, if the company actually had positive news, it would break out of the pattern or the hold of the market makers, but in he meantime, it ain't going anywhere that the big boys don't control. Wanna take the risk? Buy in again, now. Wait several months for the next 20-cent run up (maybe), then sell quick, quick.