It was fortunate that a few of us here "got lucky"—I used10% of...

It was fortunate that a few of us here "got lucky"—I used10% of my at-risk portfolio at an purchase average of 32.5 cents and sold out at $1.495. Only in hindsight does it look great. It wasn’t clear at all when it was in the low 30s and then another dropped 15% into the mid 20s that ZIP would secure refinancing during the credit crunch, even with borrowing rates above 15%++++
There was a real tipping point where ZIP could have gone into Voluntary Administration, making it quite possible that ZIP could have hit zero.


What would you do here?


Not everyone got lucky.
Some "experts" here have been averaging down since $7 and have been pretty bitter towards those who "got lucky"

But Tthey have clawed the way back to $2