Well said. A r/s has no theoretical effect on share value. It is all a matter of circumstances. If MSFT were to reverse split today, it's value would not subsequently plummet afterward.
QBID is about as far opposite of MSFT in financial health as you can get. It too, however, can safely do a r/s IF investors feel comfortable with the credibility of management, its committment to end dilution, and feel the new share price accurately reflects the market value of the company. Right now the market value of a share of QBID is somewhere below .0001. Therefore after a 500:1 r/s, do NOT expect the pps to be .05! It will be somewhere below it, all things being the same.