RE:OptionIt can definately go lower goldsoldat.
About 10 years ago I had this thing at average cost of about .18 sat on it and then watched it hit a penny and a half. I averaged down to get my cost to .08 then sold shortly there after for a decent gain and a nice save to the old portfolio.
I could certianly see it going a bit lower in tax loss selling in Nov/Dec. I also think we'll likely see a share consolidation soon also.
Also when this thing hit a penny back in 2015 I'm sure they had less shares then they do now which doesnt bode well.
Anyway I'm currently sitting on about 400k shares at an average of just over a nickle now so not under water too bad.
May add during tax loss selling in Nov/Dec if it dips into the 2 cent range......or I may sell it all for tax loss .
All depends on how the next couple months unfold.
Good luck 2U