Sure it does. Part of the O/S. 1.5 million share count at a base value determined with the formation of the DEE to pay off claimants whether in full or for a lesser settled amount through litigation.
Post reverse split value TBD of course would result either in insufficient funds to pay off claimants or excess funds.
Distributed amount either unloaded or retained will affect the float and share price. Imagine 1.5 million shares unloaded and the pps that it would result in.