That's ridiculous. Why are they doing another so soon after the last? It's only been a month. That one reduced the o/s to 666,277 shares. There must be some big conversions coming up.
You could call FINRA to object, but I doubt it'd do any good. They may, however, have some questions to ask on their own, considering GBSN did FOUR reverse splits last year. They look to be trying to take away NEWL's title for most reverse splits in the shortest time.
Unfortunately, this sometimes happens with former Nasdaq or NYSE companies that have defaulted on their debt, or are about to.