No need for such example. Even if he didn't RS another stock before, he still could do it with $TSNP despite his promise, nothing is certain. The point is risk vs. reward. I see a huge reward-to-risk potential with all the known factors counted in. Whoever is not willing to accept that risk then this stock is not the right place for him. And trading/investment in general.
"I will never be involved with a company that wipes out the shareholders through a reverse split. $FORW $TSNP"
These small RS's do not wipe out the shareholder and done to restructure the stock... George saved the company and shareholders, George did a gentle RS,1 for 8, and saved everyone from being wiped out.