More clarification on how picostocks works:

Pico is an investment entity that invests in companies and then lists that investment on its site as a per-share way to participate in these startups.  It helps the community support the community.

In the case of Cointerra, Picostocks made an investment,  and others who participate on Pico (like me) bought IPO shares in the Cointerra stake.  Pico (and MBP) have likely lost our investment in Cointerra.

Picostocks' investment in Cointerra didn't give them (or MBP) access to their chips or other tech.  It was a simple convertible note if I remember correctly.  No conspiracies, no scams. 

Believe me, MBP has laid out significant capital to keep 500TH stable and operating at full capacity.   Nowhere in the agreement did it require me to backfill hashpower as the chips began to fail...