RE:RE:RE:to the yes votersrookie,
The share selling of which you speak has already been done - in the form of conv. debentures. That's what got us here, over a billion shares fully diluted trading at 10 cents.
Is there a danger that they'll sell more? Sure. But with the extension of the 2020 debs at least they shouldn't have to. And there's too many good reasons to do a reverse split to assume that it's a bad reason that's really behind the share consolidation.
Investors like forward splits & hate reverse splits. But sometimes bad things happen to a stock after a forward split. And sometimes good things happen after a reverse split.