Um yeah, pretty much. I hung in there just a little too long and it cost me. At least I had decent insurance, bronze level I think. I'll still have to spend some time flying distribution missions to put together enough ISK to put another Cruiser in space, but I'm not so sure it's going to be another Caracal. I'm thinking maybe a Moa next time. We'll see.
I'm getting Level II missions now, which is a good thing. I need to make at least a few more million ISK before I even think about trying to buy and fit one of those monsters. Still I that's my current goal, to put another Cruiser in space asap. We'll see how it goes.