Reverse SplitA reverse split is inherently neither good or bad... it depends what happens after the split.
Typically, with small and micro cap stocks, the split happens as part of a recapitalization. The price, post split continues to erode as the company's fundamentals have changed little (or even worsened).
But if a reverse split occurs on a healthy stock, that is improving it's fundamentals, then the stock price can keep increasing.
As far as SEV, we are not exactly healthy, but I don't think we are done for in fact I'm pretty optimistic, There is no need for SEV to do a R/S at this time if the funding comes through... that would pretty well guarantee continued losses and erosion in shareholder value.
BUT, if they can get some orders in and show some decend revenue growth then a R/S may actually be healthy.