Reverse splits rarely work, there may one on occasion that does. Trust me, you do not want to take the chance. Its bad vodoo.
Yes, there are far to many shares outstanding but that was then, we will live with it.
These guys seem to have a handle on things reguardless of what some think.
Some do not realize what it takes to start up a network and gain confidence of customers. When dealing with the goverment it tends to be a long drawn out process.
Have patience