I did ok with ICLD because my average was below $.01 to start with, and I sold most of it at $.03. But it did get up to $.09 and I held out for $.10 and it never got there. That would have been the 10-bagger point.
But others bought much higher. A friend bought at $.06, which subsequently was on the way down, and they lost half by the time it hit $.03. Then, after the RS, their shares were divided by 4, and it still dropped back to $.03, and now it's 10X below that.
But my point was really that you can't blindly believe in a company and just claim that going long is a good strategy because it will 'eventually' recover. After you've lost 90% of your 'long' holding, you might decide to take what's left and put it in something with a more positive looking financial picture.
ICLD is also one which got an investor to buy up all their convertible debt, giving them a reprieve on conversions (just recently). It is a tactic that BVTK could employ to stave off the immediate conversions, if they feel they have substantial revenue coming in before the new note converts. So far, it has not helped ICLD's price to recover.
But both BVTK and ICLD are in my sights if they show signs of healthy recovery.
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