Martello Technologies Group Inc V.MTLO

Not Surprised

[stingray88]

Called this a couple of weeks ago but a couple of fellas humoed all over me. People have a right to be upset. We all lay our money down and invest in companies with trust that there will be growth in that investment. When the results reflect loss or stagnation. The trust is broken. Not surprised people are flocking out. Putting there money where it can grow not just parked here month after month. Nobody pulls the wool over the eyes of a Gambini.

[jermoguy]

At the same time though, it could be herd mentality.  10:00AM and over 1.1 million shares already traded hands. Look at just a few months ago how many people flooded into Kodak.  There was really no underlying common sense to it.  The stock went from what, $2.50 to something like $58.00 and then started dropping like flies again.  There was no underlying solid reasoning behind

[#chickendinner]

I would second your comments on Proctor, nice man but not the right person to be in that seat at this time.  He is no doubt competent in operations but not the right person for the big seat, IMO.  This morning is just a big flush, quick money moving around, it will level off and settle in mid .20's over the next week if not sooner.  

[Fundmental]

he isnt compentent...trust me.  This management team thinks that aquiring a company that has somesort of association to Microsoft will be more valued by the market, but spends little to no time actually integrating anything from an aquisition and solving real world problems.

[canyousayiii]

Jermo, I hear you and I feel you both from investment perspective and personal perspective. I am frustrated and disappointed but not to the point of giving up. I think their investor and public relations is week and perhaps that is due to CEO's background not being the one where you are out touting what you are doing behind the scenes. It is fine, he doesn't have to be that charismatic

[jermoguy]

My point exactly.  Yes, I realize that the Bruce Linton t-shirt thing was a gimmick, but geez, it did raise the stock price (and embarrassingly, I did succumb and buy myself an overpriced shirt - though the material is quite soft...or I keep telling myself that...lol).  Here is perhaps part of the problem - unless you are in IT or understand network monitoring and such, most of the

[canyousayiii]

An Average Joe definitely does not know what MTLO does, just like most of us have no clue about differences of different MTLO products and what even one of them looks like. that is why Average Joe looks at just the results. More concerning may be that many potential customers have no idea nor see how MTLO can help them, beside all the other IT tools that they are continually bombarded with. Mia

[jermoguy]

This is very true indeed.  Otherwise the only investors in the IT tech space would be IT people, similar to people investing in cell biology companies that have no science background.  Point taken.

[CaptainConn]

Great post, thank you for sharing. To add to what you mentioned about growing revenue through acquisitions: the week this company went public, Bruce was on BNN pointing out that it is "buy and build" strategy for growth. Aka through acquisitions. Many companies do this. Constellation is a great example. I think many are invested in this thinking it is Shopify but really it is just a

[canyousayiii]

Yes and Mr. Linton built Cannopy based on "buy and build".