The biggest clue is the experience of the CFO/treasurer. This isn't some wannabe. The guy has a serious pedigree in finance. I doubt that he would want to use the Reg D exemption and remain on the pinks. The Lawyers evidently drew up the 14F to satisfy some legal requirements which tend to point to a public reporting company which is aiming at listing on a Major Exchange.
The float is so small, that they might get away without the reverse split to raise the target price, and you guys could still get 10-20 bags, but investor interest in any secondary offering will be important. Knowing what we already know, and seeing the current interest, I would think they are seriously considering between 10 and 25 to 1.
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