Sunnybank, it's a familiar story. It's no sin to lose a pennystock biotech bet, and no sin to get fooled by a CEO's "Safe Harbor" speeches.
My worst mistake in recent history was GTHP. I believed the hype -- after two 510(k) rejections I believed the CEO when he said he was "confident" about the third 510(k) submission. That CEO had no plan B, though, so when the FDA said "Sorry, try again," the stock imploded. It's ugly right now. At some point they are going to get FDA clearance for their device (LuViva) but shareholders at the time of that third 510(k) rejection got KILLED.
The egregious thing about RXPC was, and still is, the two MB cheerleaders who pumped RXPC after everyone knew it was over (and are still pumping this stock on IV today). I call them the Duke and King because they remind me of the Huckleberry Finn con-men characters.
It's part of the game to gamble and lose - everyone who plays pennystock biotechs knows that feeling -- but it's SO wrong to lie on message boards in an attempt to drag others in. It's a cyber crime.