Zip and Afterpay were both extremely overvalued by the time they...

Zip and Afterpay were both extremely overvalued by the time they became household names, 10-100x the bubble that IHL was when we were at the 70c region.

if you're averaging down on companies that are post revenue and have unsustainable business models you're going to have a different time than averaging down on penny stocks with high volatility and as aforementioned, the greater upside potential

Your comparison is completely irrelevant to this particular context..