For me, I'm not concerned. Management has stated they don't have plans for a reverse split. The implication is "not at this time" plus it just doesn't make sense from a share price support perspective and with revs gearing up, the need for additional capital to pay the light bill, survive/be a going concern, is severely diminished. The fear that the company NEEDS to ratchet the O/S to the A/S limitation, reverse split and do it all over again shouldn't be an issue at this stage of development, that this company is in, but I realize "fear" is subjective. Personally, if the company finds an acquisition that can be aquired cheaply with immediate strong earnings potential, I hope they use up what's authorized to acquire it.
At some point in time, management WILL have to deal with the O/S particularly when the revs:share price ratio lags behind where buying back of shares is warranted/share price can be supported with a modest reverse split.
Your implication that because key officers of the company own common shares/compensated with common shares that this will align them with the idea that reverse splits are ALWAYS destructive and therefore won't be entertained/reevaluated anytime in the future is a mistake in my view. I think your target price is achievable without further O/S adjustment. I only question whether the market/manipulation that can occur will let that happen in the timeframe you alluded to. I'm hoping you're correct and then some, lol.
My 2 cents. Have a great holiday everyone!
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