Quantum Materials Corp. (fka QTMM)

[dms1]

AVXL also lost almost 25% of its value the day after the reverse split was announced. It closed on 10/5 at $1.90 and the next day after the split was done, it went down to $1.45 ($5.80 post split) It is also a company with a billion dollar valuation. and a long history.
Reverse splits can work in rare circumstances. The problem is, we are right now in no position for one. If the share price soars higher someday and gets beyond a dollar for awhile, it's reasonable to consider. If they try doing it now with no revenue and do a 1 for 25 split or whatever, we will be shorted back to the pennies in no time.