V "This is gonna bet ugly..." SPX has been ugly for the last six...

V
"This is gonna bet ugly..."

SPX has been ugly for the last six months falling from 6 cents to sub 1 cent.

All after they got rid of the CEO who at least gave some positive updates which kept interest in the stock.

So now we have no interest in the stock, no money, no intention for exploration and reports that scream negativity. So where to from here?

The SPX Board is setting shareholders up for something and it could be uglier, if that's possible, for shareholders. Say 1:1 rights issue at 0.01 of a cent with two attached options exercisable at 0.05 cent in 12 months combined with a new direction away from REE say to IT?

This could be very ugly AND its only days away in my view.