To be honest, I was never really excited about this one like I am with my others. I whole-heartedly agree with you. People should only invest in the pinks after they've built up other investments. Heck, invest in an S&P mutual fund before these pennies. I only invest money I can afford to lose. Any profit I make is gravy and the losses are minimal.
You may be better taking your $300 and go to Harrahs :)