Yes, I could maybe buy cheaper on the market but, unless the market price is 5c or less, I don't mind paying the premium and giving the money to NOV. Call it an insurance premium on my existing investment.
I am also disgusted by the management's incompetence but I am hoping AUDD and IBOA will turn ths ship around some time in the future. As long as the company doesn't fold, I can wait. The opportunity cost of the money tied up in NOV is something I can't do anything about since I don't want to sell at a 90% loss.
P.S. At this point this investment is squarely in the 'gamble' category, yes.
