Orda,
A plan matters because it was a requirement of the Nasdaq review board. Wave could not achieve compliance and had no time left. Their only option was to provide a plan that would assure compliance hence the reverse split option. Period.
Although I believe Wave has significant opportunities in the near future, there was no guarantee those opportunities would present themselves before delisting would occur. I take at face value management's list of reasons for not wanting a listing disruption. I have often asked them whether their financial status has not proved an impediment to closing deals. Apparently not to date, but you have to imagine any further erosion of status would not be helpful particularly at this juncture when many large enterprises are taking a closer look at implementing this important technology.
All that said, I also suspect Wave feels strongly enough regarding their success, that a reverse split provides some other incentives (consolidation of power, smaller float leading to quicker share price appreciation etc.) that they may actually perceive an upside benefit.
Although very knowledgeable about Wave and its market opportunities, the shareholders are not armed with enough concrete information to assess dispassionately the risks of a reverse split. We will not be able to rid ourselves of doubt, due in part to the large personal risks we have all parleyed, the length of time we have carried this risk and the fits and starts of the past performance, unless and until Wave shows us a breakeven quarter. SKS gave a sharp, professional presentation yesterday with solid performance criteria and a precise appraisal of the growing necessity for securing information and Wave's important role in that process. He also knew we were listening.
Brinkmanship is the name of the game as everything appears to be converging at a moment shortly upon us. The pressure is tremendous - hang in there my friends and best of luck to us all.
XAM
PS thanks to the many informed posters who consistantly carry the DD weight - Awk you are right about the fatigue.
Market Data 
Markets 
