In my opinion, you are going to have problems with the application process given your current stats. Regarding the more you take the GMAT you're score dropped, I would recommend taking the GMAT again only on one condition. YOU MAKE THE TIME TO PREPARE. If you don't spend the time trying to prepare for the GMAT the test will eat you alive, and quite frankly it will not be pretty a fourth time. At this point it seems like its just going to be a problem unless you dedicate the time.
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