>If the company is in trouble before the reverse split, it will still be in the same trouble after the reverse split. As a result, the pps usually continues to fall ... just like it would have without the reverse split.<
The above is tantamount to saying that once a company’s share price falls due to problems with the business prospects it will never again rise.
You’re not arguing against reverse splits, but rather against owning a stock where the share price has declined due to problems with the business prospects.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”