Cartie: You may have grossly underestimated the number of razor slashes inflicted on shareholders by Mgt. My calculus takes your number, times 10 squared then throw in a couple of light years.
I find it extremely fascinating Wave, the company, has gone from the biggest potential enterprise the world has ever known--to a point where the prospect of survival is so dismal, shareholders were encouraged to vote without any information on yet another reverse split (number 3), simply as a long-shot chance to hang on another few weeks in the hope an unlikely sale might happen--even though they know it will simply be more of the same, IMO.
Wave has cut all the 'non-essential' personnel, including salespeople; has walked away from their lease in Calif.; has said squat to the shareholders in months and my bet is their Last Gasp before closing the doors or selling it to someone for next to nothing--will be to exhaust what little treasury is left and pay themselves bonuses, golden parachutes and exit with little or no fanfare--one magnificent and final finger to those who financed it.
Blue