That is accurate, DTL. And I think most shareholders who have stepped out to acquire hundreds of thousands of shares and in some cases millions of shares want to hold on to their respective quantities if at all possible.
A reverse split has been discussed by management, but only as a distant possibility and as a boost to get the stock out of "Penny Land" if needed, given the abundance of manipulation with penny stocks.
Fundamentals are worth noting with any stock, but earnings ultimately drive and sustain stock growth or appreciation. Therefore, if the company can execute on its various leases even at modest levels, then it is my determination that the stock price will appreciate accordingly and thus a reverse split will not be needed.