That's exactly how I read it. Create more headroom for share issuance by reducing the O/S via a reverse split but hold the A/S at the current level. IMO one of the difficult business decisions that was alluded to. If that happens, there damn well better be a credible and viable business that's fully functioning and generating significant revenues, as a fully reporting company. Treaty will never see QB/QX status absent a split and audited financials IMO, let alone Nasdaq, etc. Hope for the best and prepare for the worst.