Rager, that doesn't sound right. I have never heard of such a thing. Revese mergers on the OTCBB happen quite often, I know of about 80 shell copanies with no business activity seeking to do a reverse merger.
Here are a couple I was involved in over the last while, CPVD is in the process of doing one and MYCO formally BDTY have completed one. About a year ago I owned one that I bought at .05 did a reverse merger then did a 1 for 5 reverse split made it .25 cents, then about a month later the stock rocked to 22 DOLLARS. Can't remember ther symbol right now.
If that were true then all the CEO's running around the country trying to do R/M are wasting there time. lol
With trading you must conquer your emotions and be very disciplined about your goals.