I had purchased CM8 in September and held it for a month or two. However... my concern was the CEO selling his shares and the decision to not release a quarterly but a half-year report.
That gave me the red flags and which I was right about... Lucky enough I exited before this bloodbath without a loss as I had sold at the same price as my buy-in (although I have a loss in brokerage fees).
GLTAH.