I would add that if you're averaging down, make sure that the company doesn't have variable convertible debt (VCD) so the dilution doesn't overpower your efforts. At the very least, make sure that there's an endpoint to the dilution and management is trying to stop it by renegotiating or paying it down.
I think the issue with ALPP is that Kent needs to focus more on operating profit and less on selling his inorganic growth story. He also needs to focus more on Spectrum.