RE "One, they know how shareholders feel. Two, they don't care"
I agree. It amazes me how much ill advised wishful thinking exists here on this board. The proxy is out, Shareholders can vote already, management wants millions of options, and the stock is still below $1 and on pace to be reversed split. It would make sense that they would have put out all the news possible to get the stock over $1, get shareholders happy that a reverse was prevented, and have a much better chance of getting their options approved which were denied by shareholders last year. PPHM recently put out a flurry of minor PR's, and the stock action they got was predictably lacking. In short, if they had the big news, they would have used it. For anyone to believe that there will be a last minute huge announcement to save shareholders from a reverse split is in my opinion naive.
I fully expect the reverse split to happen, and unlike some others here, I'm not blind to the most likely path afterwards for the share price.
All my opinion of course.