A reverse split will not fix this:
Regulation SHO data and Buyins.net have indicated the presence of large, detrimental accumulated short positions, and a NOBO (Non-Objecting Beneficial Owner) list of shareholders dated April 27, 2010 for the company revealed approximately 1 billion shares in excess of the company's actual public float at that time. An SPR (Securities Position Report) from DTCC dated May 28, 2010 reflects a 1.1 billion-share excess in the number of shares held at brokerages.