This is old guy stuff. Tells me old guys have given instructions because its the way they've seen it done and it makes them comfortable. Doesn't accomplish anything other than window dressing. I'm not really knocking it because old guys run the world but still, let's not pretend there's anything substantive here. For example, a 1 for 10 reverse split also means a 1 for 10 lowering of our daily volume. Personally I don't like when a company only trades 10-20,000 shares a day. It makes me think there is no liquidity and no market interest. And Nevada v. Delaware? It sounds good if you say it fast, but I'm not aware of any actual case law that favors Delaware over Nevada and Nevada's codified laws are great for corps.
It's all window dressing, hopefully to bag a whale.