[MOESTEPP]

Use terminal to run command prompt action on your MAC and copy and paste this into it:
/Applications/BlackBerry\ Desktop\Manager.app/Contents/MacOS/bbdm

and choose your option after the bbdm...

If you want to reset your Blackberry to Factory settings then you would cut and paste this:

/Applications/BlackBerry\ Desktop\Manager.app/Contents/MacOS/bbdm -resettofactory

Usage: bbdm [-pin <pin>] [-debug [yes|no]] [-password <password>] [-quiet] <command>
-pin Specifies the handheld PIN (hex pin prefix '0x')
-debug 'yes' enables VM debug mode, 'no' disables VM debug mode (default 'no')
-password Connects using the specified password
-quiet Don't display status messages
<command> is one of
eventlog [<output filename>]
screenshot [active|primary|auxiliary] [<output filename>]
dir [<output filename>]
deviceinfo [<output filename>]
radio [on|off]
resettofactory
dump <output filename>
enum [<output filename>]

Questions follow me on twitter.com/moestepp and ask me...

[blaisedinsd]

awesome.

What would be the command to do a full wipe of the device software?

You know to get the 507 load software error code.