OTC stocks never ever do well after reverse splits. They usually drop at least 50% after the official announcement. If you add a dilutive cheap financing then they could drop even further. Just look at what happened to IVDA.
Stock was trading at a $1. Post announcement it dropped to $0.65. First day trading post split it opened at $3.38 (down over 50%). Now it is trading at $1.82 or ($0.14 pre-split). There are many examples.
FWAV got screwed with Edgemode and Charlie. They don’t mine bitcoin and will dilute the stock to worthlessness just to buy some machines. I really hope this company goes bankrupt.