EnableTS Inc. (fka ENTS)

[Cassandra]

"the only way for bag holders like me to get our money back is to average down while it is so low"

It's much more likely that you will just lose more money trying to average down. You're adding more shares you eventually have to be able to sell. It's gambling with very bad odds.

You might want to check out what happened with SSPT, which also bought a subsidiary of CLDR (which was then GESM). As with MMUH, the CEO of the subsidiary became the CEO of SSPT. He then jacked up the A/S and began massive dilution, eventually diluting it into the ground. SSPT no longer has a bid. People who averaged down have just added to their losses. If you read the message board, you'll see the same kind of sentiment being expressed here -- that the stock would go back up

Even if there were some sort of brief pop, there would be a race to exit and not everyone would be able to sell. With this kind of dilution, it's more likely to end up like SSPT. They seem to be using the same playbook.

This is a VERY scary chart:



So is this one (SSPT). Red is selling, green is buying and blue could be either buying or selling. When the SSPT bid evaporated and the ask went to $.0001, investors with standing buy orders at $.0001 had their orders executed. Over 150 million shares were purchased at $.0001. Now it's doubtful they can ever sell those shares. It was a bad gamble.