With RIBT there could also be the perception that a money raise is coming soon, since they only have around $5 mil in cash. Raising money as part of a rev split is fairly common. Not that RIBT plans to do that, but it could be the perception, ie another shoe to drop.
Shorts are also attracted to reverse split stocks since the company is often desperate, circling the drain, and the suddenly higher share price gives more room for it to drop.
It sounds like business is improving for RIBT, so they could be an exception, but I've seen a lot of rev split stocks continue to crater further. 'Danger Will Robinson' seems like the logical strategy, but then I'm a chicken :o)
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