You must know something that Newbauer doesn't know as he said 100 percent no - There will not be a reverse split.
So you must know more than the CEO. What his intentions are? How much White Space will sell for and make? How much the stock price will fly when White Space sells. How much the stock price will go up in the event (probability) when the DTC chill is removed.
I don't think the company is into soft porn. Look at the movies listed with the company. You could almost call half of what is on TV porn but I do not think going by your definition it is as you say it is.