The reason share consolidations often don't work....The reason you'll often see a stock struggle after a reverse split is because consolidating shares treats a sympton, not the disease itself. The disease of course is a lack of investor confidence, that's what causes a company's share price to erode. Over the past year KLH has seen its share price cut in half....that does not happen when investor confidence is high.
Just turning 10 shares into 1 to boost the PPS.....does nothing to address the lack of investor confidence that caused the PPS to fall in the first place.