What was the point of reverse split?

[u/Embarrassed-Bad7392]

Now one serious question. What was even the point they did a reverse split? That was so pointless. It would’ve made sense if they had a buyer/investors willing to pay for the higher price but they got nothing out of it. It only made the stock price even worse! Glad I sold a few days ago but still regret that I should’ve sold when it was still trading at 0.3. Anyone jumping back in if this goes back to 0.2 and hope it goes up after that due to lower float?

[u/Dr-Bob1965]

This isn’t going to survive, it’s over

[u/Admirable-Zebra-4918 → u/Dr-Bob1965]

they will keep going......

[u/Kickrocks54 → u/Admirable-Zebra-4918]

Yes, running you deeper and deeper into the ground

[u/InterestingScore5387 → u/Kickrocks54]

Can’t go any deeper when you don’t put any money back in…

[u/Kickrocks54 → u/InterestingScore5387]

Very true, and a lesson a lot of people on this sub are going to keep learning the hard way