A basher on the LieHub frequently cites ICPA doing a reverse split.  I found this posted on the http://www.icpa-punchtv.com site (FAQ page) and thought I would post it here.

11/12/2012 - a certain basher on the LieHub board keeps bringing up the subject of a reverse split (R/S).  He frequently cites a R/S as if it a forgone conclusion.  Although we can't find the post during this writing, we believe Steve has addressed this issue as untrue.  However... even if it were to be possible, or true, here is a link demonstrating that a R/S is not always a bad thing for a company.  In FACT the reality is - " An equity strategist at Birinyi Associates studied the 14 stocks in the S&P 500 index that have reverse split since 2000. Of those, 12 were higher a year later. The average gain was 62.55%, CNBC reports. "   See complete article here: http://money.msn.com/top-stocks/post.aspx?pos...9a5c8d3b1c