Really feel for the guy too, STC.
I did some averaging down of shares (ouch, ouch ouch!) as a novice investor (and is still tempted from time to time) but learnt the very hard way that averaging down is dumbing down 9 times out of 10.
What is at extreme fault here however is the directors and management of this company continuously giving the likes of Lazy Larry false hopes and expectations.
Harbour Asset Management has clearly had enough and bear in mind they are professional investors with direct access to Rakon's management and directors. That to me speaks volume.