Considering that, if I read the latest disclosure correctly, that there need to be 32 million more shares added to what is already outstanding, I'm not sure that there is an immediate payday. There appear to be only 13 million or so shares outstanding now. This won't happen all at once.
There needs to be one of at least 2 things to happen for this stock to more upwards. 1) A merger, or something to actually bring revenue. It can't be a fake merger like the Web to Door one as we now know that merger never happened. 2) Reddit or some other pumpers seeking to pump the stock (like GME - which benefitted me) or even BLIAQ which seemed to benefit not as much as GME. That wouldn't require any significant change to the business. This could still be a shell and have a nice pump and dump.
If your suggestion is to average down, which is almost never a wise investment strategy (though there are exceptions, of course), what type of news do you expect for such a payday? A payday was promised on 7/7/17, and then 8/8/18 and those never materialized.
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