If you held the stock before the price collapse it would have...

If you held the stock before the price collapse it would have been hard to not get caught.
The real question is why would you own this sort of stock. Any company which provides fixed price contracts in mining or construction is a complete red flag. Long term investors should just avoid these stocks. As Forge have proved is that it only take one or two bad contracts and you can wipe out years of profits. As their are humans involved it is only a matter of time before they stuff up.

If you bought after the fall then it was obvious that the company was very risky. If you stayed in after the Jan 14 announcement you were pushing your luck. If you stayed in after the Jan 29 announcement then you really have no idea what you are doing.

By Jan 29 it was clear that a equity issue was required. It would have to be at a steep discount to have any chance of success. Just the realisation that a equity issue had to happen should have been enough to get out.