I hope they have some really good news to combat the RS.... otherwise yeah it's a scary thing to go through. Especially since they can't get it to rise on news alone now!
The fact that they are looking at possibly doing a 1:250 R/S while reducing the AS at 1:20 tells me that they are more concerned with being able to raise equity funding than they are with becoming a big board stock. Like you, I'm going to watch how the R/S plays out before looking to re-enter.