A reverse split would not be a bad thing, necessarily, IF they did an equal reverse on the authorized but not outstanding shares, but that is rarely the case. It also may explain why the authorized shares have jumped so much. Imagine what happens if there are only 24 billion shares outstanding, with 25 billion in authorized and then they do a 1:1,000 split?? The shareholders would have 24 million shares, while the company still controls 1 billion!!!
I think my math's right there! It all makes sense to me.