So what are you saying, that one company who has had two test failures and who's PPS naturally plummets after Failure result, compared to a company who has no failures, but keeps moving the Goal Posts further back and the PPS keeps going down and nobody (in the real investing world) cares, is a better 'investment' ?
Results will be the same, the only question is who will go BK first ? Sled #1, or Sled #2. (BTW, I know both sleds well.)