RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:How many more quarters are you giving this?
Totally understand what you are saying here and agree. However, I think the advantage of being a private business owner is that we can actually walk in one day and fire the management on the spot (I know this is easier said than done with labour laws and wrongful dismissal claims and what not). Unfortunately, for Martello it is not that easy - none of us are majority shareholders and even if we voted to remove directors, I saw first hand what a pomp and ceremony that elections of directors is - Erin and Tracy just going back and forth nominating and seconding - I don't think even if all of us had voted our shares to remove all of them, that that would have happened - I didn't see any counting of votes, or anything. It was purely formality. Maybe that is what happens, but I don't see the shareholder power here.
As a person who has defended the Martello business strategy, except for the choice of President and CEO, I have to say the fact that I saw John presenting at LD Conference, talking about 1 acquisiton a year, and such was disconcerting, especially when a number of us have written the board and the company management. Did I expect John to be removed the next day? Of course not - I would think that Terry and Bruce would do some due diligence. But the results are very obvious, and everytime I load up on shares in the last year, it has been disappointing. Promise of performance will no longer cut it. I have unloaded 75% of my shares. I have not seen enough indicators that the management structure (board and C-suite) will be any different and that the price will be significantly more than the 20-21 cents it has been floating at since the last financial quarterly report. I still have some hope that maybe things will change, but there is no point in me waxing on about the stagnancy of the business and hope as I may, that won't propel the price up. I would love to be wrong, but I have already made large part of my decision in moving on.