i just averaged down by buying 1m shares, page-5

Navy,

Without the benefit of Dollar averaging you can only lose a maximum of 100% of your initial investment ... the magic of dollar averaging allows people to lose 500%, 1000% or even more of their initial investment.

Perhaps investing in AAE at this point in time at around 5 cents is a good bet considering that they do have an actual asset they can sell

I would assume at this moment in time they will have to sit down with their major shareholders to negotiate an equitable settlement.

I wouldn't hold your breath waiting for that announcement to come out in a hurry though ...