I should have said "could" hurt retail shareholders more than the employees/insiders. The ability to grant (free shares) themselves shares is what allows REDG employees and board members to recover from a reverse split with less harm than people that pay for their shares.
And, I agree, should the debt be paid off (I doubt this will happen), no one would be hurt by a reverse split.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.