People don't understand that we need to double hashing power every month to stay even with the increase of difficulty.
Market cap of Fenix dropped below 80 BTC so shareholders lost 90% of their investment the second time. The only reasonable action was to sell the 2 avalons and start with a new IPO.
I wish I had sold my shares the first day...
What are you talking about? The high was 0.027, the low is 0.004684, that is a loss of about 82.7%, not 90%, and there were several dividend payments in that timeframe as well, about 4.5%, which brings the loss (if you bought at the peak) to somewhere around 78.2%. But that is just if you bought at the peak (on the first day), most of the shares were carryovers from Bakewell, how much did you actually pay for those shares?
If we have a miner currently mining, it would be silly to sell it and start over. If we sold it what would we buy, the same model we just sold? Plus we would miss out on all the mining while we wait for new hardware.