I don't think this is easy money. Considering the trajectory of this stock has been to lower share prices, it seems to be easy money for shorts (who don't really exist here anyway).
I would agree that news could move this stock. This is the OTC, and even a fluff piece of news could generate interest, and even a share price increase. I don't know about 0.0200, but this is the OTC. However, as I suggested from the history of the CEO and secretary of this company, I am not convinced that they are either capable or really interested in running this as an actual business. I don't know that to be the case, but given the history, I think it's a fair question and point. If that's true, then we shouldn't expect news. There has been no news except for disclosures in a long time.
Averaging down can certainly work. Other times, it is a loser's game. I've done both, chasing a stock down and finally selling a month before chapter 11. That was not fun, but a lesson learned. For me, to average down, there had better be a good reason to do so. If I wouldn't invest in the company at the lower price if I had no shares, then I wouldn't average down. I would either ride out the storm and hope the price goes up to a point where I would lose less money, or just sell, take my lumps and move on. SPRV seems to be one of the latter options. There is no business behind this stock, no revenue, no assets, no business prospects, at least in the short term. Traders sometimes average down, but they usually sell and try again later. Either way, averaging down isn't generally a good strategy.
On the other hand, "Blessed are those who have averaged down" could simply be humor, or perhaps gallows humor. Either way, good luck.
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