You can count dilution out at these levels will absolutely murder an already dying stock, as far as a reverse split, it's the same outcome, dumbest thing he can do he will lose more a$$ than the fees he's not collected yet
He definitely will get the share price over a couple cents if he wants to dilute for more funds. He will take it to a whole other level if these scam bags that owe him money to pay him. Whatever will work, don't play with money