I read your post perfectly in it's entirety and I know you haven't sold a single shares (just taking your word for it) and frankly I don't care what you did, or do moving forward with these shares. Next week it will be 2 months since they have hired an accountant, those filings cost anywhere from 30-50 grand to complete, the 8K that was issued stated those preferred shares that were sold for 1.7 million dollars, some of it will be used to pay for the accountant to audit and file with the SEC. Reverse split in most instances very bad, very bad, especially in this case (This was a big one). If they get their acts together with the filings as soon as possible, you will get half that price in a matter of 6-8 weeks. That 1.7 million dollars wasn't done for chits and giggles, it was done for a reason and the reason maybe that they see a huge potential.
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