These forward splits work well when the stock is showing strength vis-a-vis price and volume.
Santo has built a good investor base and a 2for1 forward split will bring in even more investors.
Santo Mining Files 2:1 Forward Split
2012-11-14 08:00 ET - News Release
SANTO DOMINGO, Dominican Republic, Nov. 14, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corp (OTCBB:SANP), (the "Company"), files 2:1 Forward Split with the Financial Industry Regulatory Authority (FINRA).
Santo Mining legal counsel has submitted a 2-1 forward split of the Company's common shares to FINRA. The action will split the Company's issued and outstanding shares of common stock, such that each authorized issued and outstanding share of common stock shall be reclassified and changed into two (2) shares of Common Stock. The Company believes that the forward split is in the best interests of the Company and its stockholders.
The forward split is subject to the approval of FINRA and the decision to file the 2-1 forward split is intended to make the price of the stock more accessible to a larger percentage of the investment community.
"We have seen our Company grow and together with this growth we have seen the price of our shares rise. To reflect our continued growth and anticipated revenue, we want to allow our shareholder base to grow and to be more diverse," reports Al French, CEO of Santo Mining.
Further information on the Company and its filings can be found at www.sec.gov