Bravatek Solutions Inc (BVTK)

[shotsky]

That pretty much sums it up. An RS along with a reduction in AS is a good sign - tightening the SS is good. Many companies have to pay tax on treasury stock (in the AS but not the OS), so it behooves them to limit the treasury stocks. They are needed for employee stock options, and other normal business practices, but an RS implemented to permit conversions of debt is rarely a good thing.
An RS can be used to jack up the stock price to uplist too - it all depends on the purpose of the RS as to whether it is a good thing for bad thing for investors.