He might have been a cheerleader but you cant seriously blame him for making his decision (which I recall was described as forced at the time). If anyone buys based on his/someones ramblings on a blog then they are asking for trouble.
I raised my concerns once and clearly stated that I thought this smelled like a scam and was told to tell me story walking. I take absolutely no delight in what has happened cause it could happen to me on other stocks. Ultimtately, we are playing in the pennies section for a reason and it comes with risk.
At the end of the day people will be hurt by this and in all seriousness, GLTAH.