A reverse split doesn't rob anyone of anything. It merely decreases shares while increasing the share price so at the end of the day, you would still own the same $ amount of the company. Nothing else has changed. It is just a bookkeeping entry. The company's capital is not changed in any way. There is no change to Owner's Equity, Liabilities, or Assets. It is the same company today as tomorrow.
If a company has bad management, that is a separate point. There are many managers who can run a company into the ground. Most of us believe Jim Nelson is at least a good manager and time will prove or disprove our belief. As I pointed out in my prior post, I don't believe now is the time for a reverse split. The time would be as we move up exchanges. The movement to a higher exchange would in itself mean SLTD is not in a downward destructive spiral, but instead in growth mode. I would much rather own fewer shares of a higher priced company than many shares at a lower price. After all, why did Buffet never split Berkshire? He knows that fewer shares mean less supply which = a higher stock price, everything else being equal.
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