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Martello Technologies Group Inc V.MTLO

Alternate Symbol(s):  DRKOF

Martello Technologies Group Inc. is a technology company, which provides digital experience monitoring (DEM) solutions to optimize the modern workplace. The Company's segments include Modern Workplace Optimization and Mitel. The Modern Workplace Optimization segment includes Vantage DX and Legacy Software Products. Mitel includes the Mitel Performance Analytics (MPA) product, software which is developed by it and sold by Mitel to its channel partners and enterprise customers to monitor and manage the performance of Mitel unified communications solutions. e Vantage DX provides Microsoft 365 and Microsoft Teams end user experience monitoring and optimization. It develops software that monitors and optimizes the user’s experience of enterprise cloud communications and collaboration systems to help IT teams. Its Legacy Software Products, which include Gizmo, iQ, LiveMaps and Domino. It operates in Canada, the United States and Europe, the Middle East and Africa (EMEA).


TSXV:MTLO - Post by User

Comment by canyousayiiion Jul 01, 2021 9:32am
130 Views
Post# 33478777

RE:RE:Class action lawsuit

RE:RE:Class action lawsuitThe system is not designed to give retail investors a practical chance to make changes. For a lawsuit, or more practically some kind of regulatory authority intervention, you need to have some clear negligence or more likely deliberate material misrepresentation to have a chance at inflicting some pain or discomfort to the board or management. Them not being able to run a great business is no cause for such. And in the end, if you inflict some need for leadership changes, depending how big they are, you may need to have a team in place to jump in. Can't win effectively fighting against yourself. A more practical way to go about it, but still a long shot for retailers, is to withhold your votes for nominated directors (because nobody puts an option "against" on the voting form). Then you need to show up at the AGM, propose your own candidate(s) and get enough votes for them that once they are on the board they make sound changes. That means that you need to secure enough votes, and there is no easy mechanism to solicit those proxies unless you put out some news release of your own to reach out to shareholders to support you. Your only practical shot is to show up at the AGM, pose some tough questions and hopefully if you don't get good answers, the board hears you and based on their professionalism and integrity it resonates and it results in some changes. I think you got to go after Matthews because he is the only one that has a direct stake in it. I have yet to see many board members walk away from such a good paying gig for a microcap for the amount of work they do, so I am not sure that you will see voluntary reduction in the board size or buddies asking buddies to step up or step aside. I fear MTLO has become a sandbox for these connected folks, and if at this AGM they do not have a very good outlook based on the current marketing prospects and new product prospects much needed by the market that they can clearly and convincingly present to the shareholders, and they don't push for changes, then I am not sure when that will happen. Their compensation is still intact for a few more years and hope may be their strategy so that none has to risk their position by rocking the boat too much if the majority is inert.This AGM they will be walking in with lowest post-IPO share prices. That means they are losing money for the folk that entrusted them and if they have any due regard for the shareholders and personal integrity, a lot of good answers should be provided before the Q and A session IMO.
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