Why did WDTE Reverse split?

I thought typically a reverse split is to either stop from getting de-listed, or to screw retail who loaded up at the bottom. Why reverse split at $140+?

 

How much are you losing?

 

Had you bought 100 shares @ 180 you'd be down 12k right now including dividends. I would never buy shares that expensive...for what a $40 monthly dividend? Why did they split?

 

[QUOTE="wxytrader, post: 6032530, member: 536851" Why did they split?[/QUOTE]
So you could buy twice as many.