The main reason for a reverse split is to continue dilution. And no one does one for less than 1:100 when the price is $.0001. DNNC just did 1:10,000 and it's price was $.0002 before the R/S.
Competing is intense among humans, and within a group, selfish individuals always win. But in contests between groups, groups of altruists always beat groups of selfish individuals. E. O. Wilson