I agree. Stupidly i have been caught 2 times in the passed with...

I agree. Stupidly i have been caught 2 times in the passed with a complete loss investment. On each occasion i was selling down way before the death. I have also watched many other companies at this end of the market go the same way. In every case i have one rule. If the company provides an update or has an AGM and you're still left speculating about the company position, then trim. If following updates continue along the same theme, trim. If the company provides an update and it seems like a change of strategy without acknowledging the previous strategies failures, sell more.