Re: How to take a tax loss - In cases like this I've just declared it without clearing the "position" since there's nothing to sell. Luckily I got out long ago, albeit at a substantial loss.
Re: pumpers sleeping at night - I'd read that Drillbit passed away. He, OneGreeneyedHawk, and "CTB"(as I recall) are among those who voted their shares, strongly urging others to do the same, for the R/S giving Bitters full control of the company when it was clear he had misled us. Those people know who they are, and I hope they lost bigtime.
And, oh yeah... Investorgation deserves his own level of stock pumper hell.