Orangehook Inc. (fka ORHK)

[Renee]

Enzo: a reverse split on OTC stocks is always considered a negative action, often because convertible debenture (CD) notes are attached to the common shares. CD's almost always have discounts for the lenders (eg., 40% discount to the stock's price per share / PPS) so the CD lenders will usually short the stock for a guaranteed return on their short position because of the discounts they receive.

With NUVLD's one for 1,200,000 reverse split the stock simply could not trade at the post-split value because no-one will pay the post-split price, thus the price per share (PPS) will continue to drop to a level where investors will buy.