Sounds like the typical MOMO play that the pennies are famous for. If played correctly; one can profit quite well. Keeping an eye out for the same with TECO. You made my point though in that it wasn't market caps or huge increases in revenue that caused the "buying frenzy".
People bought on the potential of ERHE and it never happened wherein Treaty is doing it and will be a dollar stock not only on potential but actual production...