You do make some interesting points but at the same time, its the benefit of hindsight.
Even though the success rate of hitting commercial was in the 20-30% range, and it was always a risk, the fact that the company had a crack was something that should encourage holders.
Had the announcement been the opposite a few days ago and it had been a success, then you'd have most likely been congratulating them on their brave decisions.
Only my opinion, and I'm glad at least you bought low and have not lost, unlike some who weren't so lucky. But I do congratulate those holders that had a crack too, and without risk there is no reward. Unfortunately for some of us, we will have to hold and hope that more comes of this company and their projects in the future.
DYOR
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