RE:New Press Release - Martello Reports Financial Results for the First Quarter of the 2024 Fiscal YearYet another quarter where DECLINE in legacy business is greater than total flagship product revenue.
Cost cutting continues. In the last conference call around the 24 minute mark Proctor talks about not being able to handle all potential partnerships not to overwhelm the small team. Nice. That would explain the fact in the first paragraph. Secret to success...limiting your ability to grow.
And to TMs statement, the flagship revenues do not suggest to me that Martello is addressing a big problem. While I may not be representative of others, there is not one time that I had MS Teams problems that I thought "I wish our IT would do something about this."
This years long turnaround will take more time. I think 3 younger fellas would be more suitable to lead the much faster progression in today's much faster IT world than the one in which our 3 elderly gentlemen had their successes.
2 cent stock. Round it with disappearance of the penny and it is 0.
Hey, John , please speak to the partnership that you knew was coming but didn't on tomorrow's conference call. And please explain to us why you are hanging around and how you will bring this stock above 20 cents to return some of the losses you delivered. Also, with all the cost cutting, how much of a hit are you taking? Maybe you can talk shareholders into believeing that as a CEO, just the title, could get you $150k. Thank you in advance.