I think most know that the RS will likely pass if that is what is in their mind and why shouldn't it, it is after all only to be used if needed primarily for Nasdaq listing not capital raise(secondary) too soon afterward.

If those who bought today close to 2 million shares @ $1.55 are buying assuming a RS will happen they in effect are already buying at post split prices, $3.10, $4.65, $6.20, $7.75 per share depending on split ratio. They are fine with that.