For every one of those that worked I've seen 10 that didn't. When you have millions of $ and your shares are $.15 cents you don't do reverse splits, you buy up all the shares for nothing and increase your earnings.
I agree they will just buy back shares...will look for accelerated buybacks in the second half of the year after they pay off that loan, assuming business is still booming. FCF can be $1M a quarter soon. A big expense is the amortization of that intangible. Love it.