Yup. If you play OTC's you must keep an eye on the FINRA daily list and the State of the companies incorporation SOS site to watch for reverse splits applied for. The company is not obligated to inform the public so if anyone gets caught holding the bag through an R/S it's really their own fault.
" There are two ways to be fooled : one is to believe what isn't true, the other is to refuse to believe what is true ," Kierkegaard