Depends what version suits the story - As per my example, if you...

Depends what version suits the story -
As per my example, if you FIFO’d shares at a loss, then overall, your average purchase price effectively increases.
In the example given, the $154k in revenue means that overall, $960k -$154k remains invested, raising the effective avg to $806k/2M = 40.3c.

In any case, the takeaway is that his investment thesis failed for him, but apparently that’s all the company’s fault. Of course it is.

The fact that some others here have an investment thesis that is still in play, and remain confident that progress - despite various delays - will ultimately be reflected in the sp and yield good returns, is apparently irrelevant. Flat-out refusal to believe that some here are also still in the green, despite the sp being near multi-year lows, also illustrates the desperation to push the “failure” narrative, imo.

DYOR!