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.
So I ask you, why do you think this thing will break a penny if it could not come close with merger news to a company that has been pumped to be much stronger than the Hydro? Do you really think some sort of financial statement will push us over the mark?
Because it broke a penny 3 times in the last 6 months, on speculation alone. That's why. Take a glance at the chart.