I didn't want to say what my calculation came too as to what I think the value of the stock is. I was hoping to hear yours, but I will say it is well below the par value of the stock.
If it is true that the stock should not fall below that par value then we have a chance to maybe in some far away future to get our money back.
Why sell and give up all that commision one would have paid to aquire there position when it was trading over ten dollars if that is the case for you like it was for me.
If in five years it could trade above $.05 a share being of course you would have to through in a little more capital to average down to a point were your not taking away the opportunities from the company to create capital again to start up again and drill, it could be posible for a 500% return on the stock at this price. a lot of speculation of course on how many shares the company should get back to create that capital.
One gready rich dude could push that chance back to ten years. I have seen it happen. The risk is huge. Better to day trade now I give it more thought.
News 
Market Data 
Discover 
