Oncolytics Biotech Inc T.ONC

Buyout/reverse split question

[Snowdrift]

Let's say I own 10K shares of Oncolytics and the current share price is $1.

And let's say someone buys the company for $50/sh.

Then I walk away with $500K (10K shares X $50).

Suppose there's a reverse split and I now own 1K shares at $10. 

I imagine the buyer would still only want to pay $50/sh. for Onc.

So now I would walk away with only $50K (1K shares X $50).  Is that right?

If that's true, then yikes if there's a reverse split !!!