Holding about 56K with an average of 1.49, It may take a little while but a pickup is likely or this will become a tax loss sale. Much more likely to be profitable in the near future and from there? hard to say. We need more on our side than timely deliveries, but nothing else has changed.
I think you're in an excellent position! Even if the stock goes slightly lower, as some posters think. I am averaging down as well. I'll never hit a 1.29 though...you are definitely in an enviable position...I honestly believe that those who took advantage of this dip will be rewarded handsomely. I also believe that those who could not stomach the rollercoaster dizziness have gotten off the ride; therefore, the stock should exhibit more stabilization...but I have to keep in mind that there are not that many shares outstanding. Also, if the company needs captital, they will not dump their shares on the open market. If anything, they will borrow against their holdings. So I don't expect any more dilution of the stock.