Little makes me believe Li would do a reverse split. I highly doubt his focus is the share price or market cap. Li will build Liquidmetal's market cap organically by building out manufacturing and production, which will lead to revenue way before he would consider a reverse split. Patience, perseverance and determination are all indicators of success. Li is that guy. He's not in a hurry to cash out his shares.
I agree completely, and in this case, a 1:10 RS would drastically INCREASE the pool of investors who can access LQMT. It's so hard to get out of penny land because credibility is lost and big investors generally won't touch penny stocks. It's also hard to attract clients when you have a penny stock price due to the same lack of credibility.
Reverse splits are bad UNLESS you time them with great news. A reverse split could be great for LQMT when some GREAT news is ready to coincide with it!