Kicks69, my "Gut feel" you ask....... Well firstly decent job averaging down to 06. Sometimes that is good and bad depending on the stock and its situation. Not being positive or negative but just posting reality. I would not average down at this point anymore and just hang onto what you have and see what the outcome is. Depending how many shares you have and if you can use the money one could also sell at these LOW levels and take what they have and walk away. I personally am going to hold out as for me it is not worth selling at these levels and I would rather "Roll the Dice" and see what the outcome is.
I have been here after buying in back in January and also moderating the Board since then. I have seen all the Posts of this and that. I have read of how one may file a Lawsuit. I have read the hype. I have seen it all here over the Months.
Bottom line is this. You asked me for my "Gut" feel. I will post it as I am as honest as they come. I have been in numerous Pennies that filed BK and also bought into many Pennies that were in BK over the years. In the end the majority of them do NOT retain their shares and shareholders are left with nothing. NOT always the case though as a few I have seen end up on discharge with the shares remaining intact. That here is what I am going on in that we will see that here. It's a gamble. I look at it this way in that I weigh the money I could have if I sold now versus waiting it out and seeing if the shares remain intact which would offer more of a return. I have chosen the later.
After writing the above if I had to give you a Black and White answer I would probably say that we end up with nothing here but I am willing to wait it thru the proceedings and see if there is a glimmer of hope. There may be but do not count on it.
Hope this helps and is just my experience from past situations.
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