Comment by
Acura001 on Nov 25, 2020 11:45am
Yes I know the feeling. I sold some and invested in Solar Energy. Solar Aliance Energy. SOLR. Good price and they are up more than 100% in sales.
Comment by
steevee84 on Nov 25, 2020 2:14pm
a lot of people got screwed bad on the two previous run ups. No surprise there is no interest. #GetProctorOut
Comment by
steevee84 on Nov 25, 2020 2:27pm
Everybody email Tracy king and use the subject line "#GetProctorOut" .. I just emailed her and tried to explain that the entire investment community surrounding MTLO is demanding a change in CEO. The more emails she gets about the #GetProctorOut movement the better !! Let them know we are displeased!!!
Comment by
PatiencePays123 on Nov 25, 2020 3:19pm
Activism is good. Maybe they should just put the company up for sale at this point.
Comment by
Trevor876 on Nov 25, 2020 3:22pm
I honestly think that is the only option. See if we can get a $.35 or $.40 price which would bring the market cap to about $120 million or 6x revenue. Don't know if Mitel would allow it though.
Comment by
PatiencePays123 on Nov 25, 2020 3:25pm
Why would Mitel have any say? They aren't a shareholder.
Comment by
Trevor876 on Nov 25, 2020 3:29pm
True but I'm sure they have some say in how things are run there since they account for 60% of Martellos revenue.
Comment by
PatiencePays123 on Nov 25, 2020 3:36pm
I'd be happy with 35-60 cents and hope they would be able to get an offer in that range if they tried with the market activity so hot. Has anyone asked ir or the company why they have not announced a strategic review process yet if they feel the stock is so undervalued like we do?
Comment by
Trevor876 on Nov 25, 2020 3:45pm
I know John had mentioned in an interview with Midas Letter a while back there were companies poking around for a buyout but no formal offer ever came to them. Just talk. This was before GSX. But they were also trading at $.40 before GSX now we're at $.20. Go figure.
Comment by
jermoguy on Nov 25, 2020 3:48pm
I wonder if those in the know, know that it is now clearly GSX that is keeping the company going as internal organic growth has stalled.
Comment by
PatiencePays123 on Nov 25, 2020 3:54pm
I think it is clear that MTLO has very in demand technology and is winning business as its recent announcements suggest. I can only imagine the type of growth it could have if it was acquired by a larger software company and had much deeper resources for growth.
Comment by
Trevor876 on Nov 25, 2020 4:00pm
I agree with this. Again that is why Bruce needs to be put in place now until the search is over for a replacement. Microsoft makes the most sense to buy Martello but they wouldn't have any use for the Mitel side of the business. Microsoft could pre-bundle Gizmo with people or companies buying 365.
Comment by
PatiencePays123 on Nov 25, 2020 4:17pm
They need to announce a strategic review process. This is all encompassing. It could involve seeing what offers exist, or what candidates are out there for CEO. I would feel like announcing this process would be a waste of time if the underlying tech wasn't strong or they weren't in a good area of IT, but that is not the case with mtlo.
Comment by
Trevor876 on Nov 25, 2020 4:37pm
Yeah I think that makes sense. Need to let people know all options are on the table. Although Mitel and Microsoft are two different businesses. GSX makes $7 million a year and Mitel makes them another $11 million. How much are these 2 different businesses worth indivdually or collectively to a special buyer? I don't know.
Comment by
PatiencePays123 on Nov 25, 2020 4:40pm
Ultimately it shouldn't be different. They are both high margin, recurring revenue streams. They should have the same multiple. Maybe gsx a little higher multiple because it is in a faster growing segment.
Comment by
Fundmental on Nov 25, 2020 5:38pm
Completely agree...this ain't the federal government. Need vision, strategy and technical competence. Proctor has none of this things. I've looked at the Martello products and they seem half baked, CTO should also be in the crosshairs.
Comment by
steevee84 on Nov 25, 2020 3:45pm
all valid points my friend. But she has an obligation to investors , and maybe the message will get passed along to the board members . It's worth a shot !
Comment by
JackBNimble26 on Nov 25, 2020 3:49pm
Agree. King is not the proper person to contact for the reason you cited. Any of our emails should only go to Linton and Matthews and possibly the new board member who was the founder of GSX.