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Holy shit I've been fricked by some reverse splits but 40:1, that's a serious peepeeing.

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Call me an r-slur, but shouldnt a reverse split not actually change anything about the value of a stock? How do you get fricked by it?

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That's how they always sell it, but companies that reverse split are usually already in trouble and even after the split the share price keeps falling. AMC is a good recent example. They did a 10:1 reverse split when their shares were trading at ~$4 and the CEO was out there saying, no need to freak out your shares are going to be worth $40 after the split. Within a week the share price was $8 lol.

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