i think an r/s is inevitable. i'm not sure what the motive for one would be or the timing of anything. obviously we both know all the different combinations of possibilities. i wish we had more accurate information about what % of the float is owned by retail. people say it's 'locked up' but i don't really believe retail owns more than 6% of the float.
if the goal was to dilute retail it could be done with way less than a 1:100 r/s. if the goal was to get the share price over $4, then that shows intent of moving forward. this would likely cause a spike in the share price based on speculation alone and current shareholders would be able to at least get out with a profit if they wanted to.
holding beyond that point might be risky though because the next thing to occur would probably be registration of new shares followed by an offering.
but again, if these things start happening, there's a chance it could cause the share price to go up instead of down because it would show that things are moving forward.
it's too complicated to try and predict.
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