Why do Rollback??MTX has 113 million shares Cap. The Co is bankrupt with negative equity and stays afloat only by Chuck throwing out a lifeline and provided $2.75 million in loans to keep the lights on.
At the current low stock price, MTX has to dilute the hell of the existing shareholding to raise any amount of money.
Just look at Cantex Mine. The stock was trading at $0.015 in June 2018. After 1-for-10 rollback, the stock post-consolidation reopened at $0.25. Cantex then raised financings and the stock went from $0.25 to as high as $7.00.
MTX’s stock had been flatlining and looks like some ICU patient chart on death bed. If I am Chuck, I would petition the Co into bankruptcy and grab the assets for next to nothing.