An R/S should be the last option for addressing the share structure, since it would do nothing except harm current shareholders.
Nic needs to buyback 1-2B shares, then reverse-merge at an appropriate ratio. Anything less would be a waste of the efforts taken to resume trading. He, of all people, should realize the potential here if this is done correctly.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.