The key thing here is to not give management an incentive to deliberately suppress the stock. Some may be thinking, wow... we can buy this stock cheaper and cheaper a couple of weeks from now. Well, if you are insider scum and suppress the stock, then yes...
But it is detrimental to the near term prospects of the company as well as the people who own this company. Insider buying should not be tolerated and I will request an SEC investigation myself if I have to although I prefer to do this collectively. It's a simple matter of doing the right thing, and I am asking your support.
There are only 2 things that the management could do to save the stock. 1) Do a big insider purchase and make a statement saying that they think the price of the stock has been beaten down too much and that they think the stock is trading way below the valuation. 2) Or Announce a new partnership, and cost cutting they have done in the past quarter or some other good developments in the company.
I would prefer both of these instead of the proposed reverse split crap, which doesn't accomplish anything.
Any of these two news, should automatically push the stock up above the $1 range and we wouldn't even have to do a reverse split. The news itself will induce a short squeeeze good enough.