Here's another typical eric side step spin shuffle answer from October 2012 wherein he attempts to suggest that only way he'd ever even consider a R/S is if it would benefit the shareholders...SEVERAL more coming later on>>>
3. You keep denying a reverse split as a viable alternative to regaining financing..if this friendly financing or any other financing alternatives don't show up to keep this company running will you be able to sustain the business?
Answer: I do not deny that a reverse split is a viable alternative, technically. However the current conditions are not favourable to the interests of the common shareholders for a reverse split. R/S is more suitable if associated with sufficiently major positive circumstances such that the new higher consolidated share price can be maintained and grown thereafter, such as an elevation in the company’s public market tier where minimum share price requirements exist, as only one example. Post R/S split downward price pressure under current conditions would be made worse by the inevitable aggressive short selling that will be perpetrated by some.