Pretty much - that's why after losing some MMXIV coin due to an incompetent dev - I swore off following any other BS that the guy put out.  Fortunately since I was actively mining ruby - I happened to notice the note to move them all to bittrex before the date.  I'm sure I still ended up losing some due to the time between being mined and the time that bittrex upgraded, etc, I think I left with about the right amount on this one.

Overall though - I'm against any coin that does a hard fork and says to previous holders - too bad, so sad, you lose, game over, up yours and you should have followed the forum posts....

I'm sure you have not invested in all 100 coins.
This dev gave you a full months notice in regards to the exchange to PoS. If you have invested in a coin and aren't looking to it for over a month you should ask yourself if you should have invested in it in the first place because you don't seem to care about the money/btc you invested.

I'm not trashing on all those who lost coins due to the exchange but remember there is no easy money anno 2014. Make sure you keep your old wallet.dat file and private keys because the overall Ruby community is tight and is preparing something to help those who have lost coins due to the exchange.