The problem I see with bottom fishing is finding the bottom. I have no quarrel with flipping, I've done it more than once on MDMN, but I don't think expecting the BOD to deliver (at least more than another vague "deal") is the rationale.
The problem for me is that it's clear someone or some group is supporting the price and has been doing so for years. And it's clear that when they decide to "stand down", the price collapses.
And from what I see of the chart, the next collapse is more likely to fall below a nickel than remain where it is now.
There's also going to come a time when those who really know what's going on will no longer be able, or want to, support the price at any level. That will leave a lot of retail shareholders with large positions to unwind and few buyers for hundreds of millions of shares.
At least that's how I see it. I have no objection to seeing how things "shake out" next week, next month or next year. I merely take issue with your POV that it's cheap right now.
I'm not even sure I'd accept 1 cent a share, roughly the book value (depending on the actual O/S) is "cheap" given the lack of information made available by the company.
Good luck.
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