RE:RE:RE:RE:RE:RE:MTLO Explodes Upward Today!Cost to purchase GSX over 2 years ago - $ 18.7M. It appears they have less than
a year of runway remaining in current form (~18% interest rate - is this 1980?)
The DEM geek work seems to be complete. Either find a CEO who can sell it or flush the company
next year. Since the BOD seems to support the astounding progress of MTLO the latter is more likely.
Probably won't be much cash for management severance payouts (My heart bleeds).
Worst IPO in Ottawa?
Note the typos in their Stockhouse profile:
" Technologies Group Inc. (TSXV: MTLO) is a technology company that provides digital experience monitoring (DEM) solutions. The company??s products provide monitoring and analytics on the performance and user experience of critical cloud business applications, while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello??s software products include unified communications performance analytics, Microsoft 365 end user experience monitor..."
More important things going on? Cannot spellcheck your own name?
19 cents per share? - ouch:
https://stockhouse.com/news/press-releases/2021/03/18/martello-announces-closing-of-bought-deal-and-concurrent-private-placement