Director news"On behalf of the Board, I thank Bruce, Jennifer and Mike for their commitment and dedication to Martello", said Terence Matthews, Chairman of the Martello Board. "All three Directors played a role in shaping the strategy that has resulted in the Company's significant opportunity in the Microsoft Teams market today...."
So, shaping a strategy that has taken a company from profitability to a significant loss is a good thing?
"Martello plans to proceed with a Board consisting of 6 Directors."
Down to 6 from 9? Are they sure 6 can handle a business that generated $17 million in revenues?
"I'd like to particularly recognize Bruce's longstanding leadership as Co-Chairman and the critical role he played in Martello's listing on the TSXV in 2018."
Thank you Bruce. I can logically conclude that if it wasn't for you, many of us would not have lost so much money.
Mr. Matthews, hopefully at the end of the conference call on Wednesday, the CEO will end it with an announcement.
I hope that this is just a polite news release signalling that Mr. Matthews is putting his full focus to turn this thing around after finally becoming impatient with its performance. Let's see what happens over the next week or so.