"When anyone is "okay" with reserve splits I am weary [wary] of anything else they have to say."
Why? A reverse split just reduces the number of shares outstanding. It does not, in itself, change the market cap or anything else.
Sometimes a reverse split results in a higher market cap ( the split is good for holders) and sometimes it results in a lower market cap (the split is not good for holders.)
Reverse splits usually take place in order to entice institutions to buy the stock. Institutions often cannot, because of their by-laws and other guidelines, buy stocks that are under around $3 and/or are not listed on an exchange. If the institutions like the looks of a reverse split stock, they will buy and the market cap will go up. If they don't, they won't buy and the market cap will fall.
A blanket dismissal of reverse splits is uncalled for. Institutions and other major investors do not take the position that reverse splits are necessarily bad. I personally have owned stocks that have subsequently reverse split and I have made lots of money. I have also lost money on stocks that reverse split while I owned them.
