I survived a 1:10 reverse with Credo Petroleum, a little natural gas company. It went to 5/16 did the 1:10 a few years back and has split 3:2 twice and trades at around $20 these days.
In any reverse split the key is the fundamentals. If you have something that has a future, right after the reverse is a good time to load up.
WAVX should be okay if they have something people want.
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