A reverse split at this point might actually help - although I shudder at actually coming out and saying it. Usually a horrible move by most standards, shareholders of a well-known company such as this might benefit from a reverse split in a comeback. No assurances of success, though. That depends on the new management and what they have in the works - but its venerable name helps, and suggests that once unshackled, it has a chance to stage a turn around. Sounds like some of their latest moves are on track now that they have emerged from bankruptcy. For me, it's worth the pittance staked, with better odds than most - it's all a crapshoot anyway.
I think you both misunderstand and me. When this emerges, the pps will be low. If it stays low, a RS would lift it - and there may be institutions that would buy back in as a result. Do I understand all the legalese regarding it? No. Do you?