RE:Patiently Holding for Turn Around Until retail investors get clarity as to the status of the potential reverse split good luck with the SP.
When a penny stock desperately attempting to gain traction announces the possibility of a RS, it definitely doesn't instill confidence.
If you have 10000 and they go ahead with a 10:1, you end up with 1000 share at a SP of $7.40. No one would pay $7.40, shorts move in and beat the price down to pre split price.
IMHO