A more manageable share structure like you mentioned means REDUCING authorized shares along with outstanding shares! Not increasing authorized shares by 150% to 2.5 billion shares and reducing share holder equity from 70% of outstanding shares (770,000,000 out of 1 billion). When this is done shareholders will have 70 million shares the company can issue 2.5 billion, do the math. It's easy....
This a another penny stock hose job, and if you didn't get out as soon as that news was posted, well I feel for ya.