Likely he has mental problems, which are common in pennyland. No one in a sane mind becomes utterly fixated -- for years -- on an unaudited, deeply troubled Chinese penny stock. Gambling addiction is the most common mental affliction on penny boards, but one spots other pathologies from time to time.
It's like an adult who still believes in Santa, and makes excuses for his failing to come down the chimney on Christmas. But a lot more serious as this shows...
"alltheway: "I have lost all my investments in my IRA account and still cannot understand how Wang turned out to be..."