Look at it this way homer;
Is it a Case? No.
Is it a Schrade? No.
Will it function? Probably.
The screwdrivers will be better than your thumb nail, and you can put an edge on the blade, and it will open a package or cut a piece of twine. Most of the rest of the world uses and gets by with some cutlery that knife knuts will sneer at, and look down on. However, it's still a piece of steel, and can be used for stuff that you may not want to grundge up a 'good' knife on. Hey, if man can get by using a flake of stone, a steel knife is a step up from that isn't it?
No, it wasn't a total waste of money. Life has some pitfalls now and then, and sometimes we make less than steller decisions. But if we learn from those decsions, then the lesson was worth something. In fact, if we learn and remember from the decision then it's priceless experiance.
Carl.