The very most important thing to keep in mind at this time is that the company CAN NOT raise 10 million dollars, nor anything more than a nominal/inconsequential fraction of that, with the current share structure - impossible.  

Then, to do a reverse split under present conditions as a means to raise money would be quite damaging to the reputation of our CEO and that of our other board members, making the selling of new shares exceedingly difficult.*  That could well mean that the company may only be able to sell enough shares over a span of time to keep the lights on, but little more.

Doing nothing can't keep the lights on much longer either.  

All of this means that something of positive consequence has to happen "stat" to bring up the share price, or it's "lights out".  I think that something will be a memorandum of understanding leading to a partnership.  ...days, weeks?  Dunno, but I can't see anything more in our collective future.  The pieces, as have been planned, are finally in place. 

VP

*  In my opinion, a reverse split at this time would have to be on the order of 50-100 old shares for a new one - not palatable, not acceptable, not doable.