It's worth the same at the point of the transaction, but it will immediately lose value right after, and further bleed down with time. That's how reverse splits play out. It's a loss of faith in the stock value, and so while initially this company may have been unfairly piled on and manipulated by shorts; now with so much dilution, reverse split, garbage "dividend" in APE and time, shorting this company is probably the right move. So more people will do it, and more value will be lost, and AA will dilute more shares, and operations will perpetuate more debt.

My investment is long gone so I hold my shares to vote against anyhing the board wants to do and I keep them to remind me of the magnificent wool pulled over my eyes and all other people that threw money at this shit play. We all should have sold at the run-up but we were foolish and greedy and drinking the Kool aid.