I can't but help to ask or ponder the same questions.

My wishful thinking is once they get accepted to go on the NASDAQ is for the stock price to takeoff. 

Let's say it defies the odds and skyrockets. Do they still do the reverse split?

Or do they still do it but only at 1 to 2 as opposed to a 1:4?

or IF it takes off but only to come back to Earth THEN they do a reverse split?

I would think as part of their plan is the when's and how's. A guide so to speak.