RE:RE:New Press Release - Martello Reports Financial Results for the Second Quarter of the 2024 Fiscal YearIf he wants to buy us out fine, but not at .15 or .20 cents. Most of us shareholders have a breakeven much higher. In my opinion taking this company private is of no advantage for TM. So he gets a private company that could struggle generating revenues for quite some time.
Or in my opinion, he would be much better off getting this thing turned around and creating some value. Explore other forms of additional tech as this is where the next Gens seem to be focused.
Taking it private wiill probably not create a greater return of wealth for TM. His best return of wealth will come to his investmentment with a much higher share price. The reason being is that he owns 50+% of the company. If he buys us out @.20 cents that is a price tag of $40 million cost in addition to what he has alreay financed to the company.
However if he pursues a growth path to create wealth for shareholders, including himself he would be much better off. Imagine a growth strategy that would push the shares up to the $2.50 level to start. His ownership value would be approx. $500 million.
My opinion, his creation of self worth is to let the public sector create the wealth through the stock market via individual investors, capital markets and institutional investors. IMHO