Look at it like this pennyplayer. If you buy a share at .05 and that share goes .10, that's a hundred percent gain. If it goes to .20, that's a two hundred percent gain, and so on... Now if your stock can can a thousand percent, well it can lose it too. But in market terms, you may be correct, i dunno.
On a different note, I don't like the bleeding of this stock. Makes it less likey to spike back up to .70 when the pr is released.