Not risky at $5, $4, $3, $2 or $1 but too risky at $0.61?? I...

Not risky at $5, $4, $3, $2 or $1 but too risky at $0.61??

I have no interest in buying 1PG, but the risk in the trade is much lower now than just a few months ago. Doesn't mean it can't fall further, but the downside risk is likely a lot lower now.

Howard Marks words are meant for far greater stocks than 1PG, but this is how a hedge master thinks about risk - https://www.oaktreecapital.com/docs/default-source/memos/2006-01-19-risk.pdf?sfvrsn=2