Nice psychological assessment of his sellers remorse. I've been in his shoes. Buy at a higher price, sell at the bottom, then see the stock rocket. Best for him to delete EGMI from his stock screen and never look at it again. Move on.
However, if he has some logical, factual reason to believe this is a five cent stock, I'd like to hear it.
I believe there is a greater rationale for this being a 75 cent stock than a five cent stock. Reality, is that if all is in order with the company the stock is worth much more than 75 cents. I will avoid placing a value to avoiding looking like a tout.