Reverse splits usually not good I don't know about the validity of any misstatements, but I have had more experience with reverse splits than I desire, and the results have not been to my advantage. So I sold my two week old position for a small loss. The final straw for me was the tripling of the authorized shares in conjunction with the reverse split.
I like the concept of the technology, but won't buy again until I am comfortable that it is viable technology and these guys know how to proceed. Just my opinion.