I disagree with your 10% number for action by the SEC and a change in management. I believe my odds are better than that. How much better? I don't know. 

My basis for that is not from talking to anyone or reading anything on these boards. It is from reading the Redmayne complaint. Coming to my own conclusions and having some familiarity with how the Feds operate. When I say Feds I don't necessarily mean just federal investigations in the financial world. I mean all federal investigations. Whether you read about them in the paper or experience them in your own industry. 

The Feds are a very patient and thorough bunch. Much more patient than us as individual investors. But they don't have money on the line. But from reading the SEC website. When something detrimental is to occur to affect shareholders they are supposed to act more quickly. Which gives me hope that if there are inappropriate actions by the officers of this company they will take action prior to the company reverse splitting. 

Being that I know how patient and thorough federal investigators are. How they set no time limit on their investigation. If there are inappropriate acts here and the Feds take action. When they announce it. It's over for those involved. The case is air tight. They are very smart people and rarely lose. 

So here's to hoping there is an ongoing investigation and that their thoroughness is almost complete.