Actually, I'm nibbling on more at $2.30'ish today...trying to (slowly) boost my position back to a full 2% of the company. (I lightened up a bit in the $2.80-3.30 range, for diversification purposes, but not hardly enough, obviously.)
I don't believe there's been any change in the fundamentals here, and I still feel that a company that has a clear cut runway to get back to profitability, and will have a much improved competitive position, does not deserve to sell at this kind of discount.
It's down because of perceptions of high risk, and latent fear remaining in this market to avoid such situations. The next earnings report, if they merely meet expectations, will pretty much quash those fears. In the meantime, I can't "control" the stock market's perceptions.
Of course, the alternative scenario on the recent sell off to a new 52 week low is that "somebody knows something"...but I highly doubt that.