It doesn't wipe out anyone. Lets say we did a 1 for 10 reverse split and the stock closes at .05 the day before a split is effective. If you had 1000 shares you would now own 100. And the closing price the day before times 10 would be the opening price the next day, so .50. A move up to the big board is sure to generate a lot more big investor interest and money.
Don't worry about the mule going blind just load the wagon.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.