Well I hope I have done the right thing. The only way out of this stock without a major loss was to average down. I have now averaged down to $0.083 cents. This is risky I know but if this sale does go through (Beatrice) I should at least get my money back. The other thing to think about is a takeover offer before the sale of beatrice goes through. If this was to occur they would offer a minimum 10 cents at least, probably more like 15 cents per share. In any case the NTA per share is considerably above $0.083 cents so I reckon it is a pretty good chance I will now recover all my monies.
A lot of investors just accept losses but if you have the money to buy more shares, averaging down is one way to get your monies back in full. I have done it many times and providing you have the cash and the patience and the stock is not a complete loss and their are assets that can be sold, then the idea normally works.
AAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
