Spongetech Delivery Systems, Inc. (fka SPNGQ)

[big lug]

Typically the reason the post reverse split (R/S) share price for a company declines is that the share price was in decline prior to the R/S. One needs to look at the underlying reasons for a company's share price to be in decline. Those underlying reasons don't magically go away with the R/S.

Now if 99 out of 100 companies that execute a R/S do so to maintain their listing because their share price is in decline, and then the share price of those companies continues to decline after the R/S. And now someone makes the superficial statement that 99% of the time share price declines after a R/S. The statement doesn't really mean anything.

Causal effect is not between the R/S and the share price decline. The causal effect is between the underlying reasons and the share price decline.

Big Lug