i saw it coming & bailed out last month. unless the odds of a buyout or turn around are eminent these reverse splits are a pain in the a$$ets not worth the accounting glitches with fractions of shares. it rarely pays to hold NUGT is one that succeeded however. but that's a ETN.
Been underwater for a couple of years and seems this company is going nowhere really... after looking over all the corp. officers, seems they are just lining their pockets while investors are stuck, waiting for a pop that may never come... last 3 quarters closed red with new lows each qtr. = money pit in my book.