In almost all cases, blaming a bad pink sheet investment on a "bad CEO" is just a scapegoat. I have yet to see a single pink sheet disaster that wasn't obviously a scam to anyone looking at it with experience, knowledge, and OBJECTIVITY. This one is just another of many cases where PROPER DD should have would have prevented losses. DECN would be another obvious case.
Losses are the investor's fault, not the CEO's! The scams are obvious!