Martello Technologies Group Inc V.MTLO

shameful

[Mikeyrob]

of management to put a public offering at this price, when the market is bleeding. They have no respect for their current shareholders. Why would they not do it at .23 or even announce it when financials were done. Just a fukin joke!

[steevee84]

absolutely astonishing how this company continues to fuk over their shareholders. Obviously they know shareholders are more than pissed off, we have made that more then clear over the past few months. Then to do this , like wtf is wrong with this company, honestly? They can't do one fukn thing right. The only way we get out of this rut is if Proctor gets hit and killed by a bus, the stock will

[PatiencePays123]

I am equally as surprised at this financing. I would have preferred they sell the company instead of dilute in this manner. I contacted my broker who shared a few notes with me. Company management and board or insiders are participating in this financing and this financing is being led by fundamentally oriented institutional shareholders. This news sucks for existing shareholders, but who wouldn&

[Trevor876]

269,000,000 shares outstanding, 26,000,000 share dilution. basically a 10% dilution, so $0.175 or $0.18 tomorrow. 

[PatiencePays123]

I wouldn't be surprised to see it trade up now that insiders and management have their positions.

[Mikeyrob]

Insiders own less than 15% how do they have their positions?

[PatiencePays123]

Insiders represent over 20% of the financing amount. They are the president list that is mentioned in the news release.

[bigreturn11]

The price is not great but now we certainly have an absolute floor at $0.19. Officers and directors taking as much as $1 million is very good news. Nobody knows the business prospects like they do and if we can join them near the same price, then we should do that.  Worth looking at John Proctors incentive options. He has many options that mature in 20 months.  Much incentive to jack

[Mikeyrob]

How do we have a floor when they did an offering before at .28 cents and one before at I believe .21

[PatiencePays123]

I feel like many big shareholders would be angry because of this. If they decide to sell to punish leadership and send a message, the shares could see 10 cents rather quickly.

[PatiencePays123]

Yep 19 should be the floor but how low is the ceiling now? There is so much overhang at 30 cents. 30 is probably the ceiling for the next year...

[Mikeyrob]

20% of 5MM is 1MM, thats a joke and they did it thorugh a public offering. None of these guys can buy at the ask! Deplorable character and sentiment of htis company

[Shedthebu11]

Your not passing on accurate info. Thats not what ot means. Also ur broker is wrong. Re-read the news release carefully. None is buying nothing ... 17 cents today....15 cents next week i bet

[Shedthebu11]

  what positions do u speak of... show proof. I would like to respectfully disagree