I've been thinking about the reverse split that will inevitably come. It's only bad if the sole purpose of the reverse split is to continue diluting. That's definitely what the last reverse split was about. Reducing the outstanding shares for the purpose of selling as many discounted shares as possible to pay liabilities. If a reverse split comes only to "clean up' the balance sheet or make the OS look good as some suggest, that will not by itself be bad for shareholders. If they can keep dilution to a minimum in the medium term, and actually deliver on the image space, funding will come. and it could be significant. A R/S at that point wouldn't necessarily be bad for current holders shareholders. a 1 for 10 split with an increasing share price still = profits.
Don't disagree with your thoughts on entry or re-entry at lower prices though. savvy traders can execute that strategy. most people wont sell though. i didn't sell any (can't follow the action closely enough). I also didn't buy the spike up either. I did buy some of this dump and will buy more in the very likely event that it tests the prior lows. Not in large amounts though. The R/S is out there, and could be sooner than necessary because of the new rule.