Ann: Shortfall Notification, page-13

Yes, you chose to buy WHL shares, perhaps without understanding the high risk.  When the problems and quarterly statements indicated that cap raises were going to be needed, you either didn't read them, didn't understand them, or chose to continue with the risk.  The risk you chose to take did not pay off.  Luckily for you, rather than walking away with nothing at all QFY came in and bought the furniture for all anyone was willing to pay for it, paying you in QFY shares.  You chose not to solidify your position and instead continue to back another high-risk venture,  Again, when the quarterly statements made it obvious that additional cap raises were going to be required (and it was pretty easy to spot), you chose to continue to back that risk. 

No one forced you to be WHL shares, did they?  When the furniture got bought out by QFY, were you forced to hold the shares they paid you for that furniture or could you have consolidated your losses by selling those shares at then market value?  Has anyone forced you to hold onto the shares since?  No, these were all your choices.  You sank some money into these companies because you thought they might be successful - each of them totally different companies.  

Are you sure you fully understand what you are in?  If yes, then you'd be aware that your losses are simply manifested risk positions.  If not, then maybe you can learn from this and potentially make wiser picks in the future.