I don't think its a scam in the traditional sense of otc B.S....
I agree. Based on what the company has disclosed about its activities, there's no reason for an SEC suspension.The NHPI shell has a bad history, and WDBG is still a shell. It needs to register with the SEC to deal with that. But none of it is likely to be enough to warrant a suspension.
The reverse split is just a reverse split. It's extremely, perhaps excessively, large, but there aren't any laws against big reverse splits. So that's also unlikely to spark any action by the SEC.