I don't believe it serves the interests of the shareholders. I also believe it perpetuates the perception that Management really is out for themselves, whether true or not. And without clear, specific direct need to be addressed by this action, such as the reverse split needs to occur to keep us on NASDAQ, then the only reasonable response should be, either come up with a reasonable rational common sense need for the action, and get your YES vote, or go pound salt, as my Dad used to say.
Nomad