It is a good thing then that penny stocks appreciate from "anticipated" growth rather than actual "revenue and profit."
Very good chance it will still years before the company (if it even happens) shows any significant revenue or profit.
Last January 2021 on only the anticipation of an approval a company with a Reverse Split between 1000:1 and 100:1 and company's insolvency hanging over shareholders head ,much greater debt then it has today , a company with less revenue then it has today, a company with no immediately potential of revenue if that project was approved rose from 0.002 to a high of 34.9.
and many have lost 100,000's by waiting last time.
Many have saved tens of $1000's by waiting.
and when/if the company "shows any significant revenue or profit" it will be trading in the tens of dollars not a penny.