I personally would buy right now if that's the case simply because this is the lowest or close to it you will buy at with a chance to profit. But I would probably have a tier buy plan. If I had let's say 5K to invest, I would buy 2K worth today and sit on it. If nothing comes from the drilling, I only lose 2K of the 5 I planned. If positive does come, I can be happy I got that large chunk up front knowing now when I invest that other 3K I'm only getting half of what the 2k gave me originally.
If positive news comes out, I do think you see a quick jump immediately into the high .01's, and then steady increase from there. You can have 280K or 500K shares for the same amount. I'm pretty sure there is a LOT of people who would like to sell all their shares for what they paid and convert to today's prices.
I first bought in 2012. Been with this company for over 6 years. Bought as high as 30 cents a share and lower than prices today to average down. I got to a point where I felt good about my avg price, and have sat patiently since then. All or nothing here, going to hit it big or swing and miss.
With that being said, if you are a great investor (I'm not) and read this stock and leveraged buying and selling you could have made a small fortune.
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