It doesn't matter what the company say that they will or will not do. It will not be the first time that they do something different than what they have announced. There is no way for the company to not do an R/S unless they are willing to allow the stock to trade sub-penny. Then umber that matters when they "pay" with shares is not the number of shares; what maters is the number of dollars. Since 2010, the company has done a 1-for-20 reverse, which was followed by an increase in the outstanding shares, and the stockholders just prior to that R/S ended up with less than 10% of the total shares outstanding. This happened after many years of gradually issuing shares for "services rendered." Then, from 2010 to now, the outstanding shares total went from 170MM to 300MM, not counting the promised shares, which will bring the total of outstanding shares to more than 400MM. Since the stock is now trading for about two cents instead of 5 to 10, in order to provide someone with a similar dollar amount for a service, they would have to issues this someone about three times as many shares as before. In other words, the 600MM number of A/S would be consumed to pay for services rendered I a year or less. It would be imperative for the company to not only do an R/S but also to do another dilution. I suspect that by the end of the decade, if there is no R/S, the number of shares will be in the billions -- several. I suspect that we will see, between now and then, at least one R/S of at least 1-for-10.
