I don't think so. The scams are certainly prevalent, but some companies bust out of the cycle. They are just hard to spot and
there is not enough info. from the company to go on here with any kind of decision. It has been so long since I jumped in on this, I can't even honestly tell you how it ended up as a pick. I can only say that trip ones to me are a pure form of gambling. Either the company steps up or they don't. The only way I personally sell trip ones is to offset gains, but other than that, they stick around in my portfolio for either the boom or bust. JMO.
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