I have read many comments here about the reverse split, how it might affect the price, the dividend etc. I understand those concerns but I went through a reverse split when I owned IMH. While each company has its own issues my experience there was as follows.
I was massively down. Same here
The reverse split was a 1:10 here 1:8
The price dropped at first. Here ?? I do expect a drop at first.
IMH went from a REIT to a standard company and suspended paying dividends.
The stock price recovered in a reasonable period of time and I actually made money went I sold it. ARR is unknown.
While we don't know the future, the similarities are striking. One question that is one my mid is will ARR drop the REIT status and become a standard company? That could affect the dividend by going to quarterly or suspending it.
Time will tell but I wouldn't short this stock until the dust settles.
Good luck to all!!