Niko, while I agree with the overall substance of your post, IMO, the stock needs a reverse, just not now. A reverse when the company is performing is the time to do it.
I have stated several times that ML needs to fire sale stale inventory to raise capital and eliminate the need for dilution. Use that cash to buy tractors the market wants, get sales and profitability up, then do a reverse.
Further, I do agree that ML is most likely looking at this reverse as a start over, clean slate. Wrong move on his part and the share price, post reverse will show that he is wrong.