Martello Technologies Group Inc V.MTLO

My opinion.....

[Trevor876]

This is no longer a growth company where investors look to get in on the ground floor of a growing software company. This has now become a turnaround/survival play that it seems only a seasoned tech executive would be able to handle, sorry John is not that person, far from it.

The company needs to make cold, hard but necessary decisions for survival right now. First thing is first take the board down to 4 members. 9 is outrageous for a $16 million a year company. Tilray has almost $1 billion in global sales and has 9 board members. 

Second the CEO MUST go. their tenure has been a failure and a bust and shareholders have lost significant value based on poor decision making, lack of execution and zero sense of urgency to capitalize on a global pandemic that forced people to work from home and potential make your product a necessity.

Third any people that can work from home full-time does so. Scale back office size and thus rent to only those who need to come in and do their jobs.

Fourth explore a merger with ENOW or Exoprise. Don't care what it takes, just do it! Martello has proven it can't make it on it's own.

Fifth Mitel needs to step up and make Martello mandated on 100% of their services. Right now it's only on 20 or 30% if I'm not mistaken. If they can't do that you sell the division back to them or someone else. Sorry but 20-30% is not a serious  business partnership and more of a courtesy friendship. 

Again just my opinion but that's where I would be starting.

[drjill]

Please tell me you are running for CEO! Haha. Trying to find some humour in what has been a couple of very bad days.  Really though, agree with everything you say. How do we make it happen?

[Trevor876]

The only way for your opinion to count is to vote your shares when the AGM package comes. I know I'm a broken record on this but emails don't count, phone calls don't count, messages on here don't count. Votes count and are legally binding. For those of you still holding on when the AGM comes around that is your voice, that is your option and that is your right

[JackBNimble26]

and what impact will that have when Matthews and company hold controlling interest? Rien. In fact it is worse than that. If disgruntled shareholders sought to initiate a class action, and lets just say you were found to be successful, tell me, just who would pay for the MTLO lawyers and who would pay the damages awarsd? Oh I see. It is the shareholders that would pay. That is you. So why would

[Trevor876]

Terry holds 40 million shares. Bruce 4 million. Total shares outstanding 300 million. 

[Ubetiam]

ridiculous amounts of paper out..will need at least a 3 for 1 and a new board along with a new catalyst..I see weeks of churning on way to pennies in interim..glta