I don't know. Of course the same question could be asked about Kodak, not to mention the CEO of Bear Stearns who flat out lied to shareholders at a meeting then tried to sell the company for $2 a share less than a week later.
It was interesting to watch this thing (as long as you weren't silly enough to put money into it). I also got the pump e-mail from an "investment" newsletter I had long suspected was a total waste of time outside the entertainment value. I looked at the fundamentals of the company at the time and the whole thing reeked of a scheme. The company started out as an entirely different business (which of course also failed), then picked another hot topic to go off on. No assets, not particularly detailed business plan, no cash flow, and no employees. How the thing ended up with the market cap it had I have no idea except for PT Barnum was probably right Fascinating.