That run occurred over a year before the r/s was announced. The reverse stock split wasn’t too blame. Again, check the chart and compare it with historical news/filings. Do your due diligence.
I was here when it ran that high and it didnt wipe me out.The r/s and MONTHS leading to it were pretty amazing. The decisions said shareholders made themselves wiped them out if they lost. If they didnt adjust and just stayed stagnant in the market with their few shares at high prices then yes that decision will leave them little room for profit and opportunity, as it would in any security bought at the top of a run like that.