Insider sales, big bids at lower prices...Generally speaking, insider sales and bigger and bigger bids with no price support is not a bullish sign when you are in the middle of a drilling campaign.
I realize that anything can happen with micro-caps but I've seen this story before and more times than not it doesn't work out very well.
I don't know if I would be averaging down here as this could be the knife falling off the table!
Cheers,
djgt
aka Chris Weber
www.weberswebnewsletter.com