Also, in regards to your disapproval of the proposed split ratios, this research paper below found that both the number of institutional investors and the percentage of shares that are held by institutional investors increase significantly after reverse splits with a pre-split price lower than $5 and a target price higher than $5. So, perhaps statistically speaking, the higher spilt ratios would be more likely to benefit us.

They also found that an increase in institutional holdings that result from reverse splits are associated with an increase in share price. So, hopefully this PRE14C was filed specifically with that intent:

Reverse Stock Splits, Institutional Holdings, and Share Value

"We show that both the number of institutional investors and the percentage of shares that are held by institutional investors increase significantly after reverse splits with a pre-split price lower than $5 and a target price higher than $5. This effect is larger than for other comparable reverse splits. These results suggest institutional holdings are affected by the prudent-person rule and reverse splits are used by firms to alleviate this constraint. We also show that an increase in institutional holdings that results from reverse splits is associated with an increase in share price."

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1785774