The only positive for this reverse split is the anticipation that a reverse merger (or acquisition) will accompany it.
So, until the "tell-all" 8-K arrives, it doesn't matter whether we bounce back and forth from a penny to a couple dollars.
At least the bouncing back and forth shows the float is extremely small - especially with so many "frozen" shares.
Monday will be interesting, indeed, to see how many people will sell off or keep holding - when they have a choice after the R/S.
All The Best