I had the same thing happen with ERB*. Averaged pps was under a penny. Lost faith and sold when it got down to .007. It eventually decreased to .002 something. Then it started going up in the pot mania days in January a couple of years ago, all the way to 10 cents. Instead of making $75G's on ERBB, I bought a stock which did very little.
The only reason I bring this narrative to you is because every stock will have a run. Sometimes it is sooner and other times it takes a while. It's fun when it runs!
The stocks I have lost money on were those that I sold too early or the fundamentals changed, and I didn't notice (because I had less experience than I now have).
Nothing has changed with BABL. It just doesn't have buying sponsorship. Without anything to draw investors to buy its shares, there will always be an oscillation between the buy and ask. The stock will stay in a channel till there are more buyers than sellers. That's where we are currently.
I am adding to my shares. It will have its day. The float isn't very big. People will be looking for shares to buy sooner or later.
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