Hi Penny...
I’m not sure if I qualify as one of the devil’s advocates, but I’m sure a number of people here would say that I do. Anyway, just thought I’d respond to your post, FWIW.
Is it all over for QBID? No one really knows. It’s a non-reporting pink sheet stock – no audited financials, no public acknowledgment of a comprehensive business plan (responsible and accountable to director/shareholder oversight), no time horizons...basically, little-to-no regulation and/or commitment and responsibility to common shareholders. Those still wearing rose-colored glasses will say “no way,” just wait another 5 years or whenever and we’ll all be in clover; while the nay-sayers will say “yup” this thing is history.
From where I sit, it is still just a pink sheet stock/company trying to make something of itself. To date, it simply has not done so. Yes, it has made some inroads with regard to establishing itself as a viable gay/lesbian network. But, its equity and financial structure are ambiguous at best – two very important considerations when thinking about investing.
Bottom line: I would NOT average down right now. Again, just my humble opinion. I got burned big-time on NSDM and again on QBID. I’m not bitter, since it was my own damn fault for getting into these pinks in the first place. If you have very little left to lose, well then maybe ride it out, but don’t go “chasing” it. You can always get back in later if the situation changes and improves.