While I concur in regards to almost everything you said, I do think that this can hit a penny with relative ease. Whether or not it stays up there for any significant amount of time is anyones guess. Its gone above a penny several times in the last few months. Maybe give it a few weeks and it can be revived. But, Im definitely leaning more towards your side of the fence at this point.
IMO MMMG is tainted in many investors eyes, but hopefully the financials/buyout/name change occur soon so I can get out at .01+ with an acceptable loss.
Dodge, Duck, Dip, Dive, Dodge!