Partially true. I started badmouthing that Wade deal when it was $0.25-0.30. People were saying the same thing back then. How great it was and how stupid I was for not buying. Look what happened... the bottom fell out and I would have lost it all.
Wade will dump into any buying here and, like every Wade deal before (including this when it was a "gold" deal) will wind up down 99.9% in short order.
Your odds of winning the lottery are much better than trying to "trade" a scam deal like this.