My advice sell on Monday wahtever you get. Wait till after the r/s the share price will drift back down. With the money that you sold before the split buy again at .005, at least you will have some shares. If you don't sell you will loose all or most of your shares and you will have to put money from your pocket to buy again at .005.
The reverse split gives the company more shares to sell without having to issue more shares! The majority of R/S I have run into generates a lot of activity but then the price drops and you end up with less shares and worth what it was before the R/S. This is usually Bad News for Stockholders. jmho