I disagree. I've seen stocks do a reverse split and shoot to the moon, like SRPT for instance. Secondly, I've witnessed plenty of stocks do offerings only to increase pps in short order. Do you think the people that forked over 7.5 million think they will be hurt by a reverse split? Additionally, there probably is news on the horizon to protect against naked short sellers even after the reverse split. I think the recent positive event that blew 49M shares for a 92% gain was enough to attract the new investors- perhaps among other soon to be revealed events.