I can’t imagine that he would go for a penny stock like that. Any stock under $3 can be considered an immanent risk for deindexing. Just saw it happen to someone who put a third of his account in a $2 stock. He’s bag-holding and you can’t even trade it anymore.
The worst is when you’re short a stock like this. You can get stuck with perpetual short interest and end up with a 100k bill paying short interest for a year+. No mercy from the brokers.