KJ, in case he is not around, you are correct. Unless I am brain dead today, I think Casino was just assuming the reader would get that he meant "reverse" split based on his description (or he was rushing and accidentally left it out).
A 2:1 reverse split has been what has been asked about on past conference calls and entertained by the board periodically.
I personally can handle it or can live without it. I have faith and a hunch that there may not be much difference in time (acouple months maybe) to NASDAQ between one path or the other.