Excellent post and I would add another fact to reinforce your statements. It is that the company already had an RS approved in the past and decided not to go ahead with it.
This notice and information statement (the “Information Statement”) is being mailed on or about November 21, 2016 to our stockholders of record as of November 16, 2016 pursuant to Section 14C of the Exchange Act of 1934, as amended, to inform our stockholders that the holders of a of a majority of the voting rights of our outstanding shares of common stock and Series C preferred stock, representing 51.44 of the available votes, executed a written consent dated November 16, 2016 (the “Consent”) authorizing our Board of Directors to amend our Certificate of Incorporation (the “Amendment”) to effect a reverse split of our common stock at a ratio of one-for-two hundred (the “Reverse Split”)
So for sure, the only way they are going to proceed with one is into stregth and if it is for the best interests of the company and its shareholders: uplist to big board, institutional investors, etc.
Also, everybody here has to remember that Andrew Garnock owns the same type of shares we do and is heavily invested. He is Smart enough to know what he is doing here.