Stocks go down, stocks go up, thats just how it works.
Just because he owns shares from .025, doesn't necessarily mean he likes the stock, or even the company for that matter.
I don't trust any of these stocks and simply assume the are all scams, but that doesn't mean they don't go up.
If you chose a poor entry position on a stock, then you have three choices, either sell and accept your loss, hold and see if its trend shifts and it heads back up, or average down.
Selling when the stocks indicators have fallen well into oversold is like selling at a new 52wk low, its just not smart trading. It would be different if this was getting diluted to death, but the selling has pretty much subsided, except for the investor who's simply grown tired of waiting.
So with that said, its best just to hold at this point. Averaging down would be advisable, but not at this time, its simply not shown any signs of being ready to make its upward turn.
However, if and when interest does start coming back to the stock and we start seeing some upward pressure, then and only then would I recommend averaging down. Doing it now serves no purpose and there's just as much chance you'll be able to average down lower if you wait a bit longer.