If you look at the company, it's already a wrecked train. The convertible debt saw to that.
I do know how reverse splits work. I've been through quite a few.
People think reverse splits are bad because the share price usually falls after one. But, most companies that do them already have a falling share price. The only inherent bad thing about reverse splits is peoples perception of them.
Edit I'm sorry you are losing so much money in this stock.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.