J, you're talking crazy here. I know you put all your eggs in that basket, but seriously, no one should put all their money into a penny stock, especially your IRA. You shouldn't even do that with an established company. Just be wary. While everything is very promising here, it would take a LOT less for this company to go splat than it does for some other more established companies that it's happened to. I think you should rethink it at the very least, but please please please don't try to convince anyone else it's a good idea. Sure, it's great if it works out and you sell, but there's a big difference between a high risk portfolio and an astronomical risk portfolio haha.
Treat your regular accounts as your astronomical risks, but if you have an IRA, what's the point of transforming that into the same risk? It's your safety blanket nest egg that you slowly build up if you need it.