Funny you mention IIP. Watching this one myself. I almost bought in at 87 cents a few days ago, but chickened out because of the reverse split. Today is the first day after the split and they are up 12%. I have used Internap for several years now, and they are a really good company. I will probably invest in them soon.
MSTR did a reverse split back in 2002 when they were trading around $4/share. Now they are over $84/share.
I am not advocating for or against a reverse split, but it does appear that every situation is unique and in some cases it works and others it doesn`t. GLTA