Yes, they knew what would happen, but ALL public companies are built on the broken backs of common shareholders ...imo... We are at the bottom of the food chain and greed and vision through rose colored glasses wind up hurting us more than neccessary ... I've learned to start walking away, and running if need be, at the mention of Reverse Split...This could have been a sweet, sweet deal for us going forward if they had the "patience" we all preach to release the 10K , explain the share structure, and give timing guidance on the uplist to The NASDAQ...we were looking at a .25-1.00 PPS within a few days ...imo...they broke it for the small guy, but many got out with nice gains...May get back in, maybe after this horrendous R/S ...gl