I agree but the timing of the crash is the issue.
While you
@Ronnie have been pointing out the possibility of a crash the whole time ( I agree so not a criticism ) TTT has gone from 1.4c to 18c right now and many share market participants never make such returns.
Having fallen from 120c it could not have fallen much further - crash or no crash!
Yes, 100% loss was still possible and still is today, but I look at the risk of that 100% loss against the potential/probable income in a few years. I assume a few of say ten of such stocks will lose 100%.I am doing better than my assumption for the time being. A crash could see that change.
There are other examples but one is enough to make the point.