I'm assuming Rainer was the company contact during these communications. The way you describe the communication you have had with the company is consistent with my experience. In fact, the way you describe it is identical to my communication with him. I take everything he says with a grain of salt.
Your not alone I got burned by the reverse split also i lost a boat load lol its only money now I am back for more if they burn me again I will just do it again until I make my money back then some they are making a turn IMO