Glass half empty from your POV, glass half full from mine.
Most of the points you make that you present as apparent disadvantages are actually advantages.
Not sure what you are comparing MNF to but the initial IPO for this stock 3 years ago was 20c, now trading 9c. ENG (10 years ago!) was $1.00 / 32M Shares, now $0.016 635M Shares, Freshtel (4 years ago) $0.20 / 28M Shares now $0.016 / 369M Shares.
Those 2 examples above are examples of extremely bad management, nothing more. It is worth pointing out that those companies did not have a majority shareholder as you point out in MNF case. Seems a majority shareholder is a good thing to have, yes?
MNF SP trading at 50% of IPO is understandable in the context of a global financial crisis environment. I am not concerned and am certainly not selling when they are so strong financially.
MNF Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
