Seems to me that I'm a shareholder of TEVE, went through the reverse split you are referring to, and am far from wiped out. Far from it. Nowhere near it. In fact, "wiped out" is hardly the phrase I would use with regard to my TEVE holdings.
So, perhaps it might be valuable for you to consider that "wiped out" has a specific meaning, and I don't believe I or other holders come within the definition.