It’s exceptionally rare for a Revers split not to end up being bad for investors. Everytime you get people claiming it won’t be this time and they go on about how it’s the same value etc, it’s good for the stock/company etc. Yet the end result 99% of the time is a huge price reduction.
The only time I had one work out ok was after a big run a year later which I used to get out at my SP. good thing too, because it dropped like a rock after. That’s the rare case of recovering. Temporarily.
As for the bottom price argument. No. Koolaide wasn’t wrong with the math. It can go down below the current price after a Reverse split. Just like the share value is the same argument, it doesn’t hold true in real life.
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