There used to be a few stalwarts (or suckers) that believed...

There used to be a few stalwarts (or suckers) that believed there was still some chance to make a dollar out of BDI, even though the GEM/KIM debacle made things a bit cloudy for a good outcome for BDI.
It was only a few months ago that I could not get enough of BDI at 40 0r 50cps. Now look at it, a 10 bagger in reverse. But it has gradually got to the point where it is hardly worth selling compared to what the potential might be.
I have debated buying more at this level but have been deterred because of the potential for another GEM fiddle. I have wondered whether the new management would let BDI simply wind down to scrap. Or even manipulate the SP (surely that could not be possible. Actually, it does not seem that any of the big holders are selling down the stock and the Quarterly today presented as if there could be a friendly cooperative future for KDC/BDI.
So I jumped in and bought some more on the strength of it along with the potential of a rights issue to come.