Wialan Technologies Inc (WLAN)

[phillymike]

These folks also took a bath, investing in WLAN:

Grey Fox Holdings Corp. (GFOX)FORM 10-Q | Quarterly Report
Nov 23 2015|About: Grey Fox Holdings Corp. (GFOX)

Wialan Technologies, Inc. (OTCX: WLAN)

At March 31, 2015, we had 10 million shares of Wialan Technologies common stock for which we paid $55,000. At March 31, 2015, the fair value of that stock was only $25,000. So we reserved the carrying value of that investment and recorded an unrealized loss of $30,000 during the fiscal year ended March 31, 2015. On April 1, 2015, we reversed that reserve in contemplation of complete liquidation of the position. We liquidated the position in this investment between April 2, 2015 and May 20, 2015, receiving $15,536 in proceeds, net of broker fees, and recorded a realized loss of $39,464.