I agree, Warp. However, it isn't the reverse split that concerns me as much as the dilution. Who really gives a rip whether they land a $30, $50 or $100 million contract if after the announcement the stock price still sits at $0.03 because of so much dilution? The ends justify the means only if in the end the share price is at a much higher level. Up to this point, that hasn't happened.
A billion authorized shares? Give me a break. They need to stop this madness.