Look like this company is primed for a serious stock buy back or being bought out
Though a nice thought, I think the higher probability is continued/strong growth over the next 12 to 18 months. The stock can easily go back to $20 or $30 because EPS will jump as a result of the lower share count caused by the reverse split. I saw this exact same thing happen with Titanium Metals (TIE). A number of years ago, they also had to do a 1 for 10 reverse split. Then, slowly, over the next 3 years earnings came back, EPS grew and they split the stock four times the right way totalling 40 for 1. They did just agree to a buyout, but it's come years after their big troubles and the reverse split.
There is no need for a buyout at this time - they wouldn't get a good valuation. Better to accumulate shares while they're cheap, then hold tight and let the company perform. I'd much rather see 10 or 20 for 1 on my shares over a couple years before a double in a couple months.
An even higher probability is that they will continue doing throughout their history. That is, selling stock to cover cash flow deficits and restating earnings. Last year they promised a stock buy back only to instead do a huge stock sale. Two reverse splits of 5:1 and 10:1 in the past 10 years and a peak stock price of greater than 3000/share in the year 2000. There is really only one way that this is likely to go.