In the most optimistic scenario ...
This stock could go to more than $1.00 per share without any reverse splits. This would be driven by important, new contracts, cash flows, debt reductions, and then share buybacks.
I know it sounds too good to be true, but if you analyze what could happen, here, with significant stock buybacks, you realize that this thing could really go a lot higher.
Remember, most of the shares have been issued at $0.0002, or lower. So, if the company offers $0.0003 - $0.0004 per share, a lot of investors will go ahead and sell, to make a quick double, triple, or quadruple on their money.
In other words, the company could buyback most of the shares for a very reasonable price, leaving only - for example - 200 Million Shares outstanding after the buyback.
With only 200 Million Shares Outstanding, the $1.00 per share price doesn't seem so hard to achieve, after all.
And, with another 10-20% market share penetration, the fundamentals will justify such valuations, easily.
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