gfp, I don't mean to question you, but are you absolutely sure that if Cortex did a reverse split, they would suddenly have an abundance of new shares to work with?
If they did a 10-1 reverse split, the 103 million fully diluted shares (as you calculated it), would then be reduced to 10.3 million. And with 105 million authorized, they would then have @ 95 million shares to play with, make a deal with, or even do another financing?