What most of the analysis done on this site fails to take into consideration is the number of shares owned by insiders and the negative impact it has on share price.
Insider ownership can be both positive and negative. At the percentage owned with MCLN it is a negative in my opinion.
Management is willing to give up short term stock price appreciation to improve overall company value. Additionally, management will only benefit from some type of future liquidity event and not from the stock going from .001 to .10. Also, in such a liquidity event, management can be paid in a soft dollar (think long term excessive compensation plan or earn out bonuses)thus reducing stock price for the shareholders.
Also, with the larger amount of stock being closely held ,most institutional investors would not be interested...again depressing price.
So, given the current situation MCLN may be worth in the .10 to .25 range over the next 18 months if they can perform.
Failing a liquidity event over that time period (18 months) and if the stock were to approach the .25 range I would expect some type of reverse split to get the stock price in the range where it would meet institutional investor criteria as to price.
Again, what I have seen to date tell me that management is creating value, much of which is not and will not be reflected in the price of the short term.
So, my bottom line in all of this is the stock is under priced and we could see some appreciation or the short term and it can be a home run stock for those buying today, but for those that bought at the .03 or .04 range it may be a 5 to 10 bagger at best over the next 18 months.
Again, just my opinion.
GLTA
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