That is always the conundrum when an investment like this tanks. You wait years to get back to even, lowering your cost basis on the way down, to only sell when you're back to even (or even just short of even), to then only watch the stock take off.
I participated in FB's IPO. I was only given 250 shares but I then watched the stock tank down to $17. I doubled my position when the stock hit $20, effectively making my cost basis $25.50. I then went on to sell my entire position at $50 when it popped back over the next year/two, doubling my money, but check out FB now. It's at $167 (I eventually got back into the stock but wish I still had my original position!)
Anyway, the point is we all hope this turns out the way we initially began investing in this company for. I'm still hopeful it will, and have more than doubled my position down here between .101 (got lucky and was filled 50,000 shares at that price) and .15. My cost basis is now down to about .30 between my two accounts. This has always been a very high risk / high reward position for me and I will treat it accordingly. While it would be hard to argue taking a $1 buyout here, I'm in no rush, and would be more than happy waiting this out 10 years to watch the position grow and grow. Mac and team are performing well, and I'm eager to see how we continue to proceed and get new funds.
But continued patience I believe is prudent for us all. It may get worse before it gets better, but I'm still holding. Good luck to us all!
