Kraig Biocraft Laboratories Inc (KBLB)

[ArmyO1868]

It’s unfortunate that that was your experience. You can cherry pick stocks that may have had a negative impact due to a reverse split, but, in general, That doesn’t appear to be the case. Especially when it’s an OTC stock on the rise and attempting to transition to a major exchange.

https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp

“Implications of a Reverse Split
Reverse stock splits can carry a negative connotation. As stated earlier, a company is more likely to undergo a reverse stock split because its share price has fallen so low that it's in danger of being delisted. As a result, investors might believe the company is struggling and that the reverse split is nothing more than an accounting gimmick.

However, a reverse split can be beneficial to a company by boosting its stock price to a level that enables it to transition from being a penny stock traded over the counter to being listed on a major exchange, thereby attracting the interest of more investors.”