B) you have contradicted your own point in section A. You assert that a company needs to be "current" in order to reverse split. Not true. If this non-reporting company doesn't report, whom would they get current with??? Hope you don't mean OTCMarkets because that's a non regulatory, for profit, propaganda supporting website. It's in no way affiliated with any regulatory agency (where one SHOULD look for info) and its contents have literally zero weight
Anything said by me is strictly my opinion and is subject to change without notice. I am not a financial planner or advisor.