If they had a reverse split like you mentioned 1 for 10, for example, then they would have 10 times the number of shares outstanding.
You are confusing a reverse split with a forward split. If they did a 1 for 10 reverse split, they would end up with one tenth the number of shares outstanding. i.e. A 1 for 10 reverse split with 50 million shares out would result in them having 5 million shares out after the split. The result would be a $.40 share price before the split and a $4.00 share price after the split. With a company having no verifiable revenues or earnings, that $4.00 share price would probably drop rapidly after the split.
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