Martello Technologies Group Inc V.MTLO

.50 cent reverse split

[Mikeyrob]

I believe that this stock will see the reverse split at .50 cents... after some material news. Anything lower than .40 cents I do not believe will be the case.

[PatiencePays123]

I hope you're right. We need some pretty good news and buying to get us to 40-50. But it sounds from the interview that catalysts will be plenty and your thesis could prove true. In other companies I have invested in that do reverse splits, the typically put it on the AGM agenda. I think MTLO's AGM is usually in August or September so they definitely have time to combine with some sort of

[canyousayiii]

I'd like them to achieve competitor average valuation before any RS. That should be about 4 times from here...I am ok with that....this year.

[PatiencePays123]

Sounds like we'll get there. Maybe they've been approached to be acquired as well which gives them added confidence in telling the story. It sounds like business is booming. The stock needs to now catch up to the fundamentals.

[invt]

can someone explain to me the advantage of a reverse split. 

[PatiencePays123]

It cleans up the share structure and ownership base. If the timing is done correctly and with a catalyst (i.e. uplisting or acquisition) it could be very successful.

[diamondlessnono]

Less shares for you?. Takes longer to get ur money back.? Gives CO to make more money by selling shares later on with warrants.? Most of the time the CO doesn't survive over time.

[bigreturn11]

Here are the main reasons for a reverse split  Why Would a Company Perform a Reverse Stock Split? (investopedia.com) The largest benefit in my opinion is a cleaner share structure with a higher share price and lower price volatility which will screen much better for insitutional investors. And yes, we certainly want those large institutional investors with deep pockets.  

[canyousayiii]

To me it is the impression that a cleaner share structure gives. Hundreds of millions float at a low share price strongly suggests to folk a company that had to continually raise money at cheap stock prices. Doesn't scream "buy" because dilution is no good in general and you dont wanna be that investor who is going to be further diluted before things start turning around.