I lost $35k on a penny stock once because the comp

I lost $35k on a penny stock once because the company went CH 11 and the CEO went to jail.   That experience has a tendency to make one a realist and not so fearful of what could happen.  As we all know penny stocks are risky!  I want much better than .50 here and I'll wait until I see it or go bust.  Maybe take a few off the table along the way for new car money or I continue to drive used ones.