Reannounce? MMC was dead. It cost me losing about 2 btc. I won't believe in MMC though.
I'm sorry about your loss, TenSeng, a lot of other investors lost this or even more as well too.
The coin dropped by over 1300% in a few months, but it was expected if you look at the fundamentals.
You bought into it, so it looks like the mining period of inflation overtook the coin. However, the mining period is almost complete at 70%, now is your chance to snag a small stake for a modest profit.
Just to be clear, the first year will mint about 8 million coins. About 2 million coins will be minted in the second year, and only 200,000 coins will be minted after that.