"4. "The contemplated reverse split would magnify the dilutive effect of subsequent option approvals –which would certainly be requested by future venture capitalists or partners. Management has somewhat insulated themselves from this dilution by requesting a doubling of the options allowable to them. What similar protections can you offer the retail investor?"

This isn't correct. When the split occurs, everything scales to the split factor. If it goes 5:1 like I think it will, everything consolidates. The number of OS divides by five, the number of options divides by five, the number of options they can issue, same thing.

The problem is that people don't know this. If (read when) they do issue options for any of the reasons you describe, they will automatically assume that they have been hurt by the RS. It's just not the case at all."

I so wish people would understand this FACT of life!