My initial shares from the spinoff acquired in 2013 were valued by Fidelity at .38 USD.  Yes dilution is bad but since the warrants would only be exercised when the share price was over .85,  I would then feel better about this investment.  The many ZHLCF Shares I acquired later average .27 USD. Obviously underwater on these but I have regarded this as a privately held company of which the OTC trade price is not all that relevant.