Like Matt says it's a tough call. Preservation of capital is more important than gains (and I'm just as guilty of ignoring this rule as anyone) but it is key if you're going to invest in a penny stock. In other words (a little late for this now) but if the stock dropped to the next support level after you bought, you'd be better of taking the small loss than waiting and hoping for the best. That double down, sell at a loss cycle is how people lose all their money. Try the book "Trading Your way to Financial Freedom" explains this better than I ever could. The point is every buy or sell decision is a guess, the market tells you if you're right or wrong, if you're wrong get out before you lose much money and come back to fight another day.

So anyway, if I were you I would think about what price is your absolute get out and stay out price? If the stock went up (or down) a bit, would you consider selling some at a loss so you don't have so much money on the table? This is not to say that I'm not very positive on the company, but I'm not so positive about the market. I'm hoping those ballot initiatives give us a second wave, I'm hoping Paul has a bunch of news in the pipeline to keep people from dumping after the dividend, I'm hoping the FDA regs turn out to not have too much effect on the ability to market or sell the product, but I'm already thinking about what I will do if things don't go that way. And I'll probably change my mind 10 times over the next month, that's just the nature of the beast. Anyway, I hope that gives you some food for thought.