Martello Technologies Group Inc V.MTLO

Getting worrisome

[Trevor876]

Something is going on here. People are dumping, the company has no response and or even gameplan for how to respond or react which is an even bigger shame. If earnings are bad they are out of options, too much debt and not enough cash and assets and no company in their right mind would do a bought deal here.

[steevee84]

bang on Trevor!! People are running for the exit, the company doesn't care and has nothing to even say to help support the price. It's in free fall mode. It's going to zero, financials are going to be some of the worst we've seen this far. Not one news release about new customers or contracts , I have the feeling that revenues are going to be declining. If people didn't need

[canyousayiii]

This AGM will be telling. If once they cover the results that they have to cover, they start talking about how great of an integration of GSX they accomplished during Covid, you know, the type of company Proctor would invest in, then we are in trouble. Once they finish the formal part, it has to be sternly about "this is what we are going to do" as opposed to "this is what we have

[steevee84]

even if they talk about "what is going to happen" that doesn't really mean jack to me or any other shareholder. Have they delivered on ANYTHING that they've said is going to happen?? This company has absolutely zero room for TALK... It's about action now or nobody will touch this thing

[Trevor876]

Very true. The $100 million in revenue isn't happening. The 50 million subscribers by 2024, if I'm not mistaken, is not looking promising considering they plan on being at 3.25 million by end of 2021. Their M&A plan is non-existent, especially when it takes nothing to acquire these small $15-$20 million a year companies. They have $8 million in cash and $21 million in debt and are

[canyousayiii]

Well, if they aren't going to explicitly express disappointment, then it will be hard to expect anything to change. Matthews talked about the background of the name Martello in his fireside chat...right now it doesn't appear that it is living up to its name guarding the wealth of shareholders.