"Imagine what the SPQ price would be had the reverse split went through."
I shudder even to think about it. I'm very paper poor at this point in time. However, I would have been 10 times worse off if the SPQ RS had happened. Ugly man, ugly.
Maybe MTX will do better. But I expect that a share offering of 25 million shares will take place immediately after the RS; then the share price will fall to 20 cents.
The only good thing will be that MTX will have some money in the bank to do drilling. The retail shareholder, however. . . well, you know the story.
IMHO
Snug