There are a number of people who have won HUGE by going against common wisdom and not 'diversifying.'
How about placing most of your eggs in a winning basket?!! If you believe MYEC is that 'winning basket' all the power to you.
One of the great aspects about MYEC IMO is the common investor can still accumulate a large amount of shares for a reasonable amount of capital outlay. This can afford the power of true compounding:
2000.00\.0186 (MYEC Price Close 2-6-15) = 107,526 shares
Hypothetical growth rates-(choose your time period)
(.0186) x 250% growth = .0465 4999.95
(.0186) x 500% growth = .093 9999.91
(.0186) x 5000% growth = .93 99999.18
*MYEC has already seen an 8200% run in the last 2 years using .0010 to .082
Everyone hopes to do that, and MYEC could very likely that for you, I'm just saying that investing all of your money in a penny stock is very reckless, be prepared for a potential loss. Always possible in the pinkies.