ammobox -
I know all too well the bitter taste of loss (when it comes to stocks and misleading CEOs) and I repeat that Kanno is not the worst out there, not by a longshot. If you've been around pinks long enough, I submit that you should know better than to expect that everything the CEO projects will come true. IMO IPKL suffered what many startups suffer from - a lack of funding to get to the revenue stage of the business. Kanno just couldn't get it off the ground, and IMO chose to move in another direction. I have personally held shares in a company where the CEO has declared dividends, claimed millions in revenues, and turned around in the dead of night and sold the shell and the business, leaving nothing but a tab for his back pay he 'accrued' to the new owner (incredibly, he got his money) and a bunch of bagholder shareholders at the wrong end of a 255:1 reverse split. I'm sure I'd feel differently if I bought in in the pennies instead of a tenth - but I didn't.
If the divy doesn't come, then it doesn't come. If it does, then I'll take another small position in a risky, obscure, promising company, and wait.
I don't know what you're referring to when you say "he pulled it off" - what evidence do you have that he made off with all our money? My guess is the money went into the business - nothing more.
Anyway - for me, it's on to the next one. Try not to dwell on this one too long.