A few comments on your post, which seems to have some errors in assumptions and logic from my read and no offence intended here, just trying to help.
Firstly, the company isn't here to do any shareholder a favor for managing their risk, entry and exit points and thus returns. They simply try to excute as best they can to maximize the long term share price (or should). So saying "hey ownership" is really a bit of a silly comment (sorry!)
Secondly, your math is wrong. A R/S split (if the stock doesn't trade down and as I mentioned in a previous post, others here have made logical arguments that it shouldn't given warrants seem to be being held and shorting costs too much on the otcbb) will do nothing to the "VALUE" of your holdings now or in the future nor dividends.
100k shares at $1 = $100k
20-1 RS (which I don't believe will be the case but let's use it)
5000 shares at what should be $20 = 100k
So now on to dividends. A dividend is given based on the available capital to return to shareholders, so while the dividend may be different on a per share basis pre and post split, is still the the same TOTAL VALUE to a shareholder . This is your error, the company still distributes the same aggregate value, they don't say we're going to distribute $1 per share. They look at how much they can give out and the per share value simply falls out of the assessment as an output. Ie he CEO hasn't decided today it's one dollar and fixed at one dollar regardless of sharecount. He would be thinking (if he had capital to give back), how much of that capital TOTAL VALUE can I give back to shareholders. 100 mil? Ok that's 1 buck per share today OR 20 bucks per share post a RS of 20 to 1.
If the company has 100 mil they will distribute and 100 mil shares outstanding
100 mil / 100 mil = $1 per share
100 mil / 5 mil shares = 20 dollars per share
As long as the company dividends out the same DOLLAR VALUE , nothing changes for shareholders, you simply get more per share after the RS, again assuming they dividends out the same amount they intended to prior. And in fact, we can't know that value yet since they haven't won anything and until they do, there is no number to base it on. However, your assessment of the financial basics of the RS was incorrect.
