RE:New Press Release - Martello Reports Financial Results for the Second Quarter of the 2024 Fiscal YearNo surprise that things are not great, confirmed by how far down one had to go to recognize that the revenues for its flagship product were about $600k for the quarter, up some 140% from the previous quarter. Impressive percentage, when the base is not paltry.
From TM's and JC's comments I read a lot of recognition that the company has not done well and is trying to revitalize itself. It almost sounds like they are hoping that leadership changes will invigorate the company and that better days should be coming for shareholders (certainly cannot argue that the upside is sooooooo much greater than the downside....recognizing that 2 measly cents is that upside that is greater than the downside).
Pretty sad overall. Just get a sense that TM recognizes how poorly the company has performed for us but after everything that happened, I am not sure that he can do much about it. He finances the company at a high interest rate. I'd rather have him buy me out at a sizeable loss at even 15 cents at this point and he can reap all the great potential himself after that.