"...but you put in what you can afford to lose in penny...

"...but you put in what you can afford to lose in penny stocks..."

Thats the idea. i did a lousy job of managing risk in this case.

As to the just business thing, i think KLL and TMG got away with being a lot more confident than they ought to have. For example i dont remember seeing them say, 'we're trying, but there is a possibility we will call in receivers' within x months.

obviously that wouldve shaken the market, but it wouldve been the truth.

Theyre not the only ones mind you...theres a few others that have gone along saying "we're confident" and then suddenly the ceo parachutes out and the company is suspended or delisted.