Ann: Change of Director's Interest Notice , page-13

micheal: "A lot of people will question me why am i still holding these shares if i lost faith? The answer is i will lose my hard earn money, and the feeling is depressing"

Even if you haven't sold you have actually lost that money. Right now, your holding is worth $0.004c per share.
I don't subscribe to the theory of "paper losses". Why? Because there is no guarantee the stock will ever get back to what you paid for it.