I intend on hanging in there, but from what I recall management did this "share consolidation" to get some institutional interest in the company. Where's that at? Where's the NYSE listing? Where's the stabilization of the share price? I would guess it's all waiting on a few more quarters of steady results, so the big boys feel safe enough to buy in. Of course, maybe they also want to buy in cheaper too.
My belief all along was to complete the turnaround before doing the reverse split, even if that meant waiting those couple extra quarters. Now the share price may go back below where we need to be to get that listing if this action continues.