In general, I don't like to invest in companies like SPNG where management has complete control. In the end mgmt always takes care of mgmt. If common shareholders controlled the company, we wouldn't see all these shenanigans.
Over: please explain: "A reverse merger would most likely be a nuke option for current common holders"
How would a reverse merger be bad for the shareholders? If it happened, and say our stock was at .10 and we merged into a company that was $1.00 we would get 1 share of the new company for 10 of SPNG, we still would hold the same value. If that is what it takes to get off this horrible manipulated board (OTC) I am "hopefully anticipating" it