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Front page of CNN, ‘apocalyptic’ really?

Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
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I dont know for sure but I wonder if my last employer falsified info for theirs. They sent me home and insisted on paying part of my wage after they sent me some attestation that I had to be home because there wasnt anyone to watch my kids when schools closed. That wasnt true so I sent it back and refused to sign.
Yeah, my former company had huge revenue growth through 2020 too. So many companies got away with robery basically.
I'd bet total fraud in the program was north of 20% in dollar terms. Maybe even more than a third.
Why do you think that? I am genuinly curious.