The MAIN problem holding GSPG's price back right now is NOT the lack of a 43-101 (being completed within 9 weeks). The MAIN problem is the sub-penny price and the debt uncertainty and the total lack of marketing.
The $4.5 milIion bridge loan debt is currently out of compliance and that's a problem that will be addressed by the reverse split. GSPG's sub-penny price is impossible to market to serious investors and that too will be addressed by the reverse split.
Issuing a 43-101 while the debt is unresolved and the price is still sub-penny isn't going to magically push the price up by itself. It will require marketing, but without the debt addressed and without the sub-penny price addressed GSPG is unmarketable.
The best plan might be to bundle everything together (43-101, debt elimination, respectable price, start of construction) and announce it all at once, as a strategic plan with some marketing.
Whatever they decide, I'm comfortable for now because they have pulled together an expert team to figure it all out.
If the plane I'm flying in has an expert team flying it, I'm willing to sit back and enjoy the ride, rather than second-guessing every turn. GSPG now has a very strong team (Moelis, Behre-Dolbear, Reseigh, the new CEO, etc.).
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