I agree with your reasoning on the effects of the reverse split. It will be total market cap that is the overriding issue going forward.

The RS merely provides management with one more tool to effectively grow not only the company itself by pricing the shares at more then the 6 cents it is reflecting right now, but to consider, and be comsidered for, mergers. For Spider holder, a merger where we get 1 share of a new company for each share or 2 of SPQ we hold is much more acceptable then 1 share for every 20, 30 , or 100 shares.

May be all in the mind set but it would make a difference. I will also be voting YES to allow mgt this extra tool which I am sure they will not use unless it is good for all shareholders.