I see zero chance of a reverse split. Could be wrong - certainly wouldn't be the first time.
If IQST's public share float gets any smaller I doubt any institutions would bother trying to buy it. Not enough supply to buy in scale without getting over target thresholds of % ownership. And getting institutional buyside support is what the Company's goals should be about when it comes to share price appreciation on the Nasdaq. Otherwise it can be a very chilly, lonely existence.
Unfortunately, as much as Leandro and team talk about getting the share price up for NASDAQ, it will likely have to occur the "hard" way - and until it does we will just have to wait on the uplist for as long as it takes. This is in the market's control, not Company management's.