I think it's ludicrus...putting good money after bad. You've already suffered a substantial percentage loss. And it's not merely a paper loss because you will get no more than the severely discounted leftovers you now lament, should you attempt to sell.
That said, why would you consider adding to a losing situation as opposed to buying into a company actually doing well as evidenced by consecutive quarters of increasing output and/or profitability?
I'm always surprised when I see people operating on hunches and faith, especially when the company has done a terrible job of keeping its electorate in power. Equally irrehensible is thinking that all bad periods will eventually be corrected. What assurance does anyone here have indicating that JADA's past performance won't continue in like fashion?
I hold just 20,000 shares. I wouldn't dream of adding at even six cents, given that I have absolutely no reason to believe the company will start treating investors with courtesy. I see no indication that management gives a damn about the company's profitability!. And obviously the retail community isn't as available for the sucker list as earlier this year when many of us originally bought into the hyperbole touted by diehard optimists predicting multiple baggers without nothing to substantiate such lofty success levels.
It really doesn't get much worse than this in the world of investing. Frankly, I can't see any reason for management to alter its style...they get paid while our dollars are languishing, wasting away in an ocean of uselessness that might otherwise be earning steady profits for us without an ocean or two killing any semblance of open communication.
WT
