These subpennies trade on momo, news flow, the appeal of the back story and the size of the float. If you are looking at applying fundamental stock analysis like eps and market caps you probably belong playing the large cap stocks.
Here's a perfect example I noticed CD*V filed their Q today, they had around $9000 in sales last quarter, lost money, have little or no cash yet have over an $80 million dollar market cap and people love that stock. It is not fundamental stock analysis driving that stock just like there are other far more powerful forces driving SSWC as well.
Talking about those things in respect to a subpenny runner is like using a screw driver to bang in a nail. Great tool but you are using it for the wrong job. Same applies for your argument imho.