Since we don't know what the reverse split will be yet we do know that they are seeking a $10 million secondary very soon...which in todays terms will be a additional 40 to 50 million new shares floated.
That's not counting warrants on top of that.
What price will it be this round ?
$0.25...I doubt it very much
Of course the R/S will make these numbers look much better but the overall dilution will be the same.
Hence selling pressure !