Yes but the big mistake is that all this big Company's are on Nasdaq or Dow Jones and not in pink sheets!!!
The second thing is and that's a big diffrence! That are all big Multi Billion Company's !! You can't Short this stock like a little pennystock like Ntek that has a marketvalue of 10-12 Million! That's nothing! You can destroy it like nothing!
Wall Disney, Apple, Netflix etc. When they do a Splitt yes of course it's a good thing for Investors and there is no Problem for the stock to move on!
But not for pennystocks!!!
98% of pennystock who made a splitt did failed!!!

I am to long in this Business and i did have more than 30 of this pennystocks who did a splitt, after this splitt, i did have just a few shares, after that the stock was shorted and at the end the stock has arrived at 0,0001$!!!
Comclusion after this scenario, the stock is at 0,0001$, no Volume no more buys and sells! Finised!!!

Game over!!!

And i have Seen a lot of them the last 20 years!

A Split for a big or normal company is good and no problem, but don't tell me that splitt's for pennystocks are a good idea!!!

Bullshit!! In 99% a Split for pennystocks goes wrong!