I always believe he was conned by mosky .. cooked books and all and the well painted dream of soap filled sponges going global
.. along with the well oiled share holder base, defending each and every word whispered by the gang of SPNG crooks who were lead around by the nose by hand picked promoters all over the Internet
Pike was always fully hedged, nothing more, nothing less. He bought the stock at the 40% discount to fair market value offered to him by Moskowitz and Metter (and as footnoted in the company's SEC filings) and hedged his exposure by shorting the stock.