I did not sell at that time because I thought what was happening was believable. It was reasonable to me to expect PUNCH TV and CC to grow from where they started. Also remember that Steve was very excited about Self Help, that was to grow and produce revenues. All the city websites. 
Remember when "irons in the fire" was the talk? There were so many revenue producing opportunities.

Trust me when I say this; I will not make the same mistake again. Very expensive lesson in penny stocks. 

Maybe he can pull it off, that remains to be seen.