Not to mention, not all brokers will be the same. Some will allow trading sooner than others. Theres nothing worse than a stock losing big percentages while you have to sit on yours and not be able to do anything. For example, Etrade. They are famous for being one of the slower brokers to release penny plays after a stock split. 3 days is their average. So the morning the split happens, and people are able to dump their shares knowing others will soon see a negative turn about in a one cent stock, etrade customers shares will be on hold. Only to be free and clear to trade 3 days later and where ever the price is then. Almost all stock splits are met with selling pressure. Even if you lose a tick or so, brokers like etrade who hold for a period, youre better off to sell right before and then decide to get back in. At least that way you can make decisions day one, and not be too worse off, if it pulls a miracle and climbs.
If you truly want to be in the TBEV play, its best to sit out the RS, see what happens, and then find your entry. Because when it splits to a cent, even news wont double and triple it as easy as it is when its .0005 and doubles to .01, on news. If you are in a broker that is usually immediate, at least you can see your shares to act on. However, many lose traction in premarket trading usually opening red already. Then add in those brokers who are stuck, and even that limits true volume which is always never causing an uptick.
Whether TBEV is a good play ever again, its never usually beneficial to hold any pink through a reverse split. ts not like there wont be a stock to play on the other side. But its better to play a play that is fair and full trading. Etrade alone will be out of the game, and create such a scenario. Im keeping an eye on this one for that split day, but not holding a share until its over. All IMO.
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