RE:the next news release should be about the reverse splitThis would be the worst time for an R/S. While typical in far too many cases like this it sends a terrible message and tends to be a disaster.
If, and it still may be a very big if, they can create some NR momentum, the R/S could be done with a much more positive spin. Also if momentum leads to a revenue scenario as was the case during covid they (a) won't have to use shares to expand and (b) will hopefully be far more discerning with their spending. In both cases an R/S could be put on the back burner indefinitely.
You can't have it both ways ....a poor "product" while at the same time a need to reduce the no. of outstanding shares to encourage investment. They appear to have begun to right the ship with some strategic decisions and have what appears to be a poorly marketed good base. They need to let these moves settle in before any rash decisions on an R/S.