It's more then just a few here that believe a RS w

It's more then just a few here that believe a RS would not work. That's not to say that there hasn't been companies that have benefited from a RS, such as Priceline, huge PPS, but those companies are few and far between, here is a thought from a motley fool article, look at the second paragraph.
"" Past research has shown that most stocks underperform the market following a reverse split. That isn't surprising. After all, a company that sees its stock fall so far usually has to have gone through a tough period. The split does nothing to fix any internal problems the company has, and only a few manage to solve their difficulties and achieve permanent growth trajectories. Those few winners can't make up for the weight from their failing counterparts.

Moreover, companies that do reverse splits on their stocks make themselves a target for bearish speculators. Because of their poor reputation, reverse splits make many investors flee stocks, even if their fundamentals improve. That can give smart investors great opportunities, but they're few and far between.

Companies that need reverse splits typically start with a big disadvantage. Only very rarely can those companies give investors the huge returns they want in top investments.""

I don't believe the PPS would surge on any type of buy backs as you and TS have said, buybacks would be implemented over a longer period time, and the company would buyback when it would be appropriate. No way no how I would ever get behind an RS