Depending upon your income tax bracket and your state of residency, the tax write-off could be worth nearly 40 cents on the dollar for everything you've lost.
If you've already filed your Form 1040 for 2011, all you have to do is file a Form 1040-X to get some of your money back.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital