That's definitely the norm. People who are so convinced that their particular scam is the real deal that they throw more and more money at it. Average-downers are a scammer's bread and butter. I don't think it's atypical for some investors start out with a small investment and end up with a few $100k wrapped up in these scam stocks.

It's easy money for anyone who wants to get rich quick. Purchase controlling interest in a shell, put out a fake story and invest in props which seemingly support it. This happens over and over in penny stocks.

Armed robbery at a bank--maybe $10,000 and a highly likelihood of getting caught. Fraud in a penny stock--up to a few tens of millions of dollars and the odds of getting caught are low. It's no wonder swindlers flock to running penny stocks in droves.

You can look at all the people who defend the company regardless of how often the company lied to investors. This is typical. There is nothing you can say to help them out. As you can see, not even straight-forward math proving there's no value will dissuade these people or stop them from singing praises about their scam investment. They have very thick skulls and losing all of their money just doesn't make them any smarter.
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