Your shares wouldn’t lose any value it would be exactly the same value just less shares. It’s more psychological. Everything changes though as we both point out, if the AS remains the same and they start dumping those shares into the OS. Then you have a bloated OS all over again and the stock tanks. If they reduced the AS to the same degree then it won’t happen. But just imagine a 1:1000 RS like you’re suggesting, but the AS remaining at 10 bil. It could be dead before it even gets a chance.
Its not up to us though. It’ll be interesting to see how it plays out.