Reverse Splits and Value
Reverse splits change a company's stock price, but don't change its value - except by the amount spent on paperwork.
Investors who do due diligence, especially institutions, are going to concentrate on the company's value.They are looking at market cap and GAAP data.
Traders are watching the stock price, and know how to play splits to their advantage, not the company's and not ours except by chance.
Microvision's value is unchanged, with a modification each day as we creep closer to that hoped-for significant event that is countered by daily cash flow and encroaching competition. I think Microvision should be valued much higher based on present value of future revenues discounted for risk, but apparently the market is using a much higher risk discount; otherwise, the price wouldn't have dropped so low to prompt a delisting notice.
I've run marathons. This feels like we're near the end, and as I ran mine I never knew which side of the finish line I would stop at. Fortunately, I finished them all - and was glad and exhausted every time.