A reverse split is the best thing that could happen and I am getting close to calling those who are against it idiots because they give no compelling reason to not do it. In fact whatever rationale they have given more validate the reason to have a RS than not. The only way that they will list the stock is if the price is raised whether that's fair or not. It just the way things happen in the real world.
look up r/s and the statistical probabilities of the price dropping 30% after a r/s. Then you'll know why. Also, most of us who are long here, are investors, not traders. I'm here for the next year or longer baring a negative event. I don't care about the stock hitting .37 or .50, I care about $2.25 or higher. I am in no hurry to get there, 400% in 2 years is what I'm looking for. Perhaps you are concerned about daily movements, that is your trading strategy and there is nothing wrong with it. A r/s is unlikely to happen because oncs does not need the capital, and is not concerned with stock price as much as with science. Let them do their thing, and we'll do ours (invest or play swings). If this did a r/s I would exit my long position and short it for a 20% gain.