He had every right to do some dd prior to investing too.
Anybody that invested 4 years ago when SGCP was still washing for gold and diamonds with woven baskets BY HAND should have surmised the company would raise capital to acquire dredges, wash plants, tractors, and so forth. It was announced. It's not like it was a big secret.
Where was the equipment supposed to come from?
Was somebody supposed to "give" it to Doug?
How did the innocents think SGCP was going to get the equipment?
Investing has no guarantees, and it is impossible to make the market fool proof, no matter how much they complain.