You may be right, Sidehill, but am too stubborn (foolish?) to give up on Hop-on as of now and will be holding for the r/s if and/or when(?) it comes. It reminds me of my Pan-Am investment.
It too kept going down and down and I, too, kept 'averaging down', not believing that a great airline like that could go out of business, but then the Lockerby thing happened, and that was it, Pan-Am was gone. Well, maybe, a r/s will have the same effect on Hop-on, I don't know, but at the moment it certainly seems 'alive and well' to me except, of course, for the dilution.
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