I am aware that "investment professionals" almost uniformly take the view that you "never average down". I think the key here is "investment". Issues like KXL/PDG are not traditional "investments" they are almost purely "gambles". In that context I take the view that "new information" new decision. While I have been in KXL etc for a number of years I did take some off the table a while back but then when it hit the low .20's last year I did in fact "average down". For me it seems to have worked out as I have essentially "returned to the black" and do so with a substantially enlarged number of shares. I also believe that you shouldn't simply hurl "good money after bad". If the situation hasn't substantially changed then "averaging down" can be a very bad idea. My point of this note is simply to suggest that "blanket" compliance with averaging down points of view just doesn't seem appropriate. It all falls to that old "risk/reward" scenario that most of us Venture Exchange Participants evaluate before "going for the gold ring" on issues like PDG. Onward and Upward