There will NOT be a reverse split. Way too risky as the shorts will have a field day and kill the share price. Just for laughs take a look at what's happened to HMNY. The share price was about 8 cents and they did a 1-for-250 reverse split which got the price to about $20 and in less than 2 months it's now under THREE CENTS! Not comparing this to CYDY because many reverse spills are done for the wrong reason (like HMNY did). Again -- just having fun on a Friday.
The approval for them to issue a RS expired on 8/23. They are not requesting approval again for a RS going forward according to the recent proxy statement (thanks again,Trding, for noticing that).