If a company’s fortunes—and shares—have been waning, savvy investors will see the reverse split as a big red flag and continue selling, sending the share price back down. That's not the case with POET. 

The perception is of companies that pursue reverse splits are doing so to maintain a listing on a senior exchange or a means of struggling companies to deceive shareholders into thinking the company is doing ok.

I don't think that applies to us right now. 

 companies that have had a successful reverse split include Priceline, ETrade and Citi bank