To the best of my knowledge, and I am sure someone will correct me if I am wrong, the Nasdaq would require a company to have 1.25 million publicly-traded shares with a collective market value of $45 million and would also require a minimum security listing price of $4 per share.
Based on the latest OS a 1:100 RS would leave them well short of the first requirement. As market valuation would not change it would also leave them well short of the second requirement.
As for the third requirement, unless all the dilutive shares are cleared ahead of time the price would just fall of the cliff as it has done in the previous 2 splits in my view.
Stranger things have happened so not ruling it out. Just doesn't make sense to do it at this point.
News 
Market Data 
Discover 
