Reverse splits in my opinion lack corporate fiduciary responsibility and should be soundly opposed by every shareholder.
I am in 100% disagreement with your opinion and would give you MSTR as an example of corporate fiduciary duty benefitting both the Company and shareholder equally as a consequence of reducing the number of shares issued:
MSTR was trading at $.48 on July 30, 2002 when it did a 1-for-10($4.80 post split), and now?
$38.48
With the fundamentals in place, they not only work, they work exceedingly well.
Be well