It can also turn to $0. And with the market where it's at, that $1000 could be risked on substantially safer and higher reward stocks and/or options.

It's high risk, low long term reward for companies with a loss in quarter 1 and expected revenues to collapse for the next two years.

That's my why not. It's your money, do as you wish. But I stand by it being an absolutely terrible trade in terms of short and long term outlook, with extremely high risk, and less than exciting reward. If you're getting on companies that might be bankrupt, at least do it on one where you can make 20x+ on your money. Not pray they match ATHs again some day for 6x in a decade.