They couldn't do RS at time because it was shot down by shareholders and they somehow squeaked out an AS increase
So while he was responding to shareholders fears they had about being RS'd out of all their shares in the future he not only had there nerve to provide false RS comfort during the time he knew they were getting diluted to hell, but 2 months later he was getting ready to RS all their shares away
"CEO's twitter account: "We cannot do a reverse split. That information is already in the public domain." Sort of suggest that they couldn't do an R/S although I agree, in the "press Release" they said they withdrew the R/S in the immediate future...