what does this do exactly... like what does it reset
i can assume it reverts you bk to rank 1 (no rank points) and assume it resets your missions and ship stats
basically i asume it makes it as if your startin out fresh
but does this count for planets you have discovered/own?
i wouldnt reset my account now im past rank 100 but my friend started playing but she doesnt like what she done with stuff, i told her i will explain best things i found but she wants to reset first, but she is iffy about loosing some good planets, are all planets she owns/has discovered reset aswell? (so no planets found) or do these stay?

You lose everything; planets, artifacts, credits, badges, everything. Resetting puts you back to square 1 so it'll be like youve only just started playing GL, however you wont get another planetary aegis like when you first start out. Your battle rep, scans, mission completions will all go to 0 (untested for rep).

If your friend wants to reset but keep her good planets a good method is get you or any other trusted friends or legion members to invade them and hold them until she can take them back again

Thankyou i will pass on the info
also good idea with invading planets, i cant hold all her planets as most of my slots i can have at current rank are occupied but its a good idea
thanks again =]

Your welcome, happy to help out