If you look at the company, it's already a wrecked train. The convertible debt saw to that.
I do know how reverse splits work. I've been through quite a few.
People think reverse splits are bad because the share price usually falls after one. But, most companies that do them already have a falling share price. The only inherent bad thing about reverse splits is peoples perception of them.
Edit I'm sorry you are losing so much money in this stock.
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