iBrands Corp. (IBRC)

[invest007]

That is BS....
DL needs to get the price above $1 per share in order to attract larger investors and a RS is the way to go about that. No larger reputable company will invest in a sub penny stock.
I would think this would be easy to see when you look at the large number of stocks authorized.
RS do not always wipe out investors....
See the following article:

http://finance.zacks.com/reverse-stock-split-good-bad-2298.html


It will go down a bit after the RS b/c there will be some clueless folks that panic, but it will go back up.

RS Formulas:
new stock after RS=price * split ratio
# o shares owned after RS=# of current shares outstanding BEFORE RS divided by the split ratio
For example-RS at current price of $.0007 * 4000 would be $2.80 and if you owned 1,000,000 shares before the RS then you would have 250 shares worth $2.80 each after the RS.