This offer is not a reverse split. A reverse split is not an offer, it is mandated wherein your shares are decreased in a 10 for 1, 5 for 1 or some other ratio to reduce the outstanding share number. The price of the shares increases in direct proportion to the reduction of shares.
Your friend may be very wise and a wonderful person but they are in error in this instance.
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.