A reverse stock split won’t change anything in the long term even if it does take place. I know that this is stating the obvious but it’s not some magic formula that will cure all or most of Weatherford’s ills. The value of the company will stay the same, the same incompetent management and sales team will remain the same and the only benefit of a RSS will be to prolong the lives of the very people who should have been shown the door a long time ago. I suppose that’s why it’s being touted by upper management as a viable solution as they know full well that this breath of oxygen will keep them afloat on their exaggerated salaries for a few more months until the eventual bankruptcy kicks in. None of the fundamental problems that are facing Weatherford are being addressed in the meantime, and the long term solutions needed are being ignored and avoided. Maybe there is no real will to do it anymore anyway and it’s probably a hard fact that Weatherford has just run its course and has come to the end of it’s shelf life.
Excellent point by @YEA4a1E-5kfo.