Martello Technologies Group Inc V.MTLO

This is going much higher this year

[PatiencePays123]

I am looking forward to the upcoming earnings results mid February for early proof of accelerating revenue growth. I wonder what they ended 2020 with when it comes to Microsoft users from the reported 2 million in October. My guess would be 2.3 to 2.6 million.

My broker forwarded an analyst update note digesting the recent news release. They confirmed their Buy rating and 70 cent price target.

Organic growth is painting a pretty bullish picture for the first time in a while for MTLO.

[#chickendinner]

I agree it will go higher, it should be higher now  but Mr. Proctor and Co. have been way to laid back.  They need to do a much better job with marketing and better sales pitches.  Still holding a little over a million shares but have sold some as it's wearing me down, lol

[PatiencePays123]

I hear you and agree with you. But better late than never to get things going. I think they finally have a plan in place for growth execution and news flow, from reading between the lines of this week's release.

[Trevor876]

It's not just wearing you down, it's wearing all of us down. I don't think the model for success is hard. Sign deals, alert the market, sign deals, alert the market etc etc etc Like Bruce said in that video "You do a bad deal today, do a better one tomorrow!" It is amazing that he made that video and said all those things but in reality is in charge of a company doing

[canyousayiii]

I re-read that update and growth outlook to see what I am missing. They gave growth projections on existing products. Taking some statements at face value to do some simple extrapolations, legacy declines, Mitel flat and 60% user growth assuming 60% revenue growth, and lets call it 35% overall revenue growth. So, so but it is not improbable that my assumptions are overly optimistic. Now, what is a

[Trevor876]

As John stated during the Micro Event he was uncertain whether to keep going down the Microsoft road or branch out into Zoom and other platforms. He is unsure of where to take this company which is an issue. Above all the other issues we have that relate to lack of exposure, lack of meaningful news releases, lack of meaningful partnerships, lack of communication, lack of mergers and acquisitions

[PatiencePays123]

I think it is clear they want to dive deeper in Microsoft and add elements that they can then charge a premium pricing for the software. The CEO hasn't been the best communicator which reflects in the stock chart. I hope the Board has addressed this in their meetings and corrected the messaging and market strategy. Last week was a good news item to start the year with. It feels like more is on

[Mikeyrob]

I think we may be in the high 20s in maybe 2 quarters. Patence I would recomend playing som other opportunities as your money wiill be dead for some time. This is not an investment that flies up.... even on news. I guess you really are patient lol

[PatiencePays123]

Well, right now the stock is not pricing in growth, even after the most recent news update. It is my belief that after the next earnings announcement as well as recent commercial updates, it could start pricing in the growth expectations they outlined last week. That itself should take the stock into the 30's and beyond.

[Qaloo0]

Imo, the 1 year chart looks interesting to me. You can literally draw a line underneath every low since march 16th that inclines upwards. If news is good and it follows this incline, we could genuinely see this gradually move up over the next year.

[panapple42]

Interesting observation.  Time will tell.  que sera sera babies.

[PatiencePays123]

Great looking chart. It will rip very soon.

[Qaloo0]

This might explain why anything priced between .210 and .220 gets eaten instantly. I would say anyone that buys anything in that range could make some money in the short and medium term.

[Mikeyrob]

I don't think this chart is appealing at all to be perfectly honest. Maybe if it shows some gradual movement. We have seen this time and again, the bid gets slapped hard and falls back to .20. here is hoping it is the start of something

[Qaloo0]

I agree, its definitely no crystal ball, but worth watching. One needs to question why it keeps getting hit back down to that resistance level throughout the past year. Maybe someone wants to keep it down.

[Qaloo0]

*support level 

[canyousayiii]

Not hard to keep it down when nobody wants it. Too many plays seem to be easy to pick up 10-20 percent in a week or two so very expensive to keep money here. We are hoping for a real pop but we've been hoping for too long now. PatienceP, there has been no growth to factor in the last year.

[Mikeyrob]

Absolutely correct!

[PatiencePays123]

I agree, and last year is history. Stocks don't price on history, they price on forward expectations. Growth is here.

[canyousayiii]

My nails grow too, nobody wants the clippings.

[UpNAddEm]

Excerpt from the news release "In the short-term, Martello's overall growth rates will be partially offset by a decline in the revenue related to these legacy products. There are minimal expenses related to this revenue." They drop lines like this when the financials are going to be underwhelming.  An excuse in advance. My hopes aren't that high on the coming financials

[canyousayiii]

Yes, certainly was not as clear that they had such assets when Elfiq was in the picture. Elfiq was the drag on the results then. Just speaks to the high tech sector and needing to come up with products that outperform the stuff that is fading. Seems like more lame horses now than stallions in terms of number of products. Maybe we will be ok because SP has gone nowhere so it is not like stellar

[panapple42]

Your analysis sounds just fine.   145480 shares short as of last report ($1450 a penny), an increase of 47185 shares. google iiroc short report. cheers.