It seems that the new price when the market opens will be .04 cents. The existing shareholders don't have much to sell and warrant holders would also probably not sell (they could have sold long time back if they wanted to sell). There may not be a massive decline in price.
Sorry, IceMan, there WILL be a massive decline in price.
This is NOT a routine reverse split where one's portfolio value will remain unchanged.
This is a penny land RS.
You MUST read the PRE 14C. Focus on the Series AA Preferred: