All you Whales picked the wrong stock to jump in on. This is endless dilution ! Just when you think its safe to go back in the water, another 100M magically appears out of nowhere.
I'm probably the most successful investor you ever corresponded with. Bought my first stock when I was 19, long, long ago. I'm a retired lawyer and businessman; my son is a CPA.
My portfolio contains about 20 stocks and I have a profit in EVERY ONE of them... which is easy to do in this glorious bull market as I only buy quality large cap issues and almost never sell them except to harvest a very rare tax loss or to trim an investment that's grown so huge that it undermines my diversification. I would NEVER average down a stock that doesn't work out. Of course, I'd never buy RNVA in the first place.
I've likely read everything Buffett's written in recent decades, along with plenty of university investment research such as that paper by Terrance Odean of Berkeley.