I can relate to that mate , i bought ZIP from $4 all the way up...

I can relate to that mate , i bought ZIP from $4 all the way up to $14 thinking it would be another Afterpay and then it was destroyed down to 25 cents.
I sold many at a loss but kept the majority and averaged down until it went back up to $3.00 last year.

I lost money on TV2 and SYT and DSE .
SYT was ex Microsoft and the inventor of Real Player.
DSE was Dick Smith Electronics

Bad management was the reason for all of them dropping.

Sometimes you just have to hang on.
Most of the time it's not our fault but the market movers doing what they did today to TMG because they want to accumulate more at a lower price.
They have no ethics and ASIC are not regulating their use of high frequency trading software.

Today i looked at VVA and there was about 25 x 1 cent trades , this isn't as many as i usually see.
Also happened on BPH, VR1 , BOT and who knows how many others but the people who daytrade will tell you the market is not to blame because it's up, however look at the majority of the small caps and you can see that nearly all of them are down.

We unfortunately are unable to change things at the moment but the time will come when it is too obvious to ignore and the hammer will be heard in court against them.
Then some change for traders can happen to make it an even playing field again.