Mergers & Acquisitions are always stacked against questions unanswered. Otherwise they wouldn't be down here stalled on the pinks. They'd of already gone through. You're in Vegas with M&A at these fledgling evolvements. There's no choice. You roll the dice or you miss out.
Hicks bought 75,000,000 restricted and Jim Honan claims he was blissfully unaware of the Hicks purchase. Don't forget Honan is still an Insider so still in an NDA. See this as a poker hand, you're only invited because the house likes your money. You're buying down here when all the others are folding. That's as cheap as they come. I'm locked and loaded as they say. I'm only offering friendly advice ok? You don't have to take it.
You've averaged down huge but you're still vulnerable as anyone HERE is until news of substance becomes public information. Me personally I wouldn't use up all my ammo. Look for clues/subtle indicators whatever this "deal" is about is materializing*. Then if satisfied buy more or hold, but you know best what your seed money situation is. Wild share price swings are perfectly normal in M&A. It all depends what your risk threshold is, don't buy anymore than you can afford to lose. The bravado invariably stems from those still vested with house money. They literally can't lose no matter what happens. Obviously you're not there yet, but that's where you WANT to be. Make certain you get your seed capital out on the way up. That execution is hard with all the bravado claiming this will be the next Comstock, but you must exercise that discipline so you don't get fleeced. Sure ride the wave of opportunity, just know no matter what the opportunity is every wave breaks eventually. If no volume, no news anticipated search again for more positive or negative clues. For entertainment value, I don't know of any more enjoyable trading than riding with free shares and seed money secured for a future play.
Three golden M&A Rules...
1) Preservation of Capital
2) Preservation of Capital
3) Preservation of Capital
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