Guys, having a stock price go up after a shareholder vote that 'approves' what the company is requesting is nothing new. As mentioned before, there is plenty of evidence from other companies to confirm this 'cycle'.
Those were also stocks that people touted were 'unlike any other penny stocks' and 'destined for greatness/Nasdaq/millions.' There is no reason to believe this won't have the same problems.
You can say and do all you want to justify your perspectives and convince yourself it absolutely can't happen here, but I'm not interested in high risk with high chance of loss. This is ok, because those shorting will still make money, thereby maintaining volume and interest in the stock.
I admire the exuberance here and will be watching closely, but man there are some new investors in here who won't be too happy about the pps for quite a while.