That is a very inaccurate view of a R/S. Shareholders equity value is exactly equal after a split because the share price rises ten fold while the shares held reduce ten fold.
WGAS could mandate a R/S and an A/S increase but they haven't have they. They are allowing shareholders to make the call after presenting the facts to us. THOSE OF US WHO ARE SHAREHOLDERS WILL DETERMINE WHETHER WE HAVE A R/S AND AND A/S INCREASE. OUR EQUITY WILL BE THE SAME