You're not confused....in point of fact you are correct.  If you own 10,000 shares priced at $4 and the PPS climbs $1 to $5...then your shares gain an additional $10,000 in value. 

If on the other hand your 10,000 are consolidated to 5,000 (a  1:2 reverse split) and are priced at $8 after the consolidation...and if RVX then goes from up $1 from $8 to $9...then you only make $5,000 in this latter scenario.

So there is logic to your reasoning.....But I think it helps to look at it in two ways, in terms of market cap and in terms of % gains.

If I own a $10 stock and it climbs $1, I've made a 10% return on my investment.  On the other hand if I own a $0.10 cent stock and it climbs $1.00 to $1.10 I've made a 1,100% return.  Does that mean I should dump all my RVX for some 10 cent stock?  How often do stocks trading for a dime make sustainable gains of 1,000% or more....very rare, although flash in the pan Pump and Dumps do happen....but blink and the gains vanish more often than not.

I would say to you that if RVX was poised to go from its current price around $3.25 to  $4.25....that in a post split scenario that the gains would be similar after a consolidation...about double in other words.

Resverlogix has a market capitalization of just under $550 million CDN right now witht the PPS at $3.08....that's what the market says Resverlogix is worth right now.   That number is easy to understand, you just take the roughly 178 million odd shares outstanding right now and multiply it by $3.08....do the math, it comes to $548 million....and 178 million is not the exact figure, its more  like 177.3 million...but I think you get the point.

In this hub we frequently bandy about the valuation we think Resverlogix will attain by the end of the year and going forward.  $1 billion?  $2 billion? $5, $10, $20 billion or more.

If RVX does attain a market valuation of say $1 billion by the end of this year....then the pps would be 1 billion divided by 177.3 million shares outstanding, (assuming there is no reverse split)...so we'd be looking at a PPS of $5.63

If they were to do a reverse split of 1 for 2 then the outstanding shares would be reduced to 88,650,000 and the $1 billion valuation would be divided by the lower number of shares fora PPS of $11.28....same gain either way.

And obviously you can just multiply those numbers for every $1 billion added to the market valuation (market cap) that the market assigns to the company....no promise it will happen of course, but I'm thinking maybe a MC of say $2 billion by the EOY is not out of the realm of possibility if BETonMACE reports meeting or exceeding its primary end point of 30% MACE reduction. 

Some seem to think its conservative and I hope they're right.