How much entertaining your charts & explaining are: both are 100% incorrect. First: your chart is already post R/S (1:7), and although the PR of 9/15 mentioned a R/S for today ("The reverse stock split will become effective on October 3, 2016"), it actually did not happen. It will happen tomorrow. What you saw today in pre-market were people who believed the R/S was already a fact and they got suckered in. Then some realised there was no R/S and it plunged. Confused daytraders got in, believing RELV was a post R/S bargain, but it wasn't. It didn't sustain. That last move up before the end are shorters covering their short. All the rest is BS.
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