Martello Technologies Group Inc V.MTLO

How many more quarters are you giving this?

[Mikeyrob]

I think I can only give this 1 more quarter... kicking myself for how much I could have made this year, had I not been invested in this steaming pile. 70,000 shares trading for a company that wants to be on the TSX... yeah that’s not going to work. Also, did not receive a reply from Bruce and I asked some pretty straight forward questions and was not rude at all. Management sucks and the board is a joke. If we are not at least at .28 cents and maintaining it by next quarter, I am gone!

[PatiencePays123]

Mikey, i know it is frustrating but it is tax loss season now and nothing we can do. I think 2021 will start off on a good note. We are undervalued, that is plain and clearly obvious to everyone.  A business is not a stock, and a stock is not a business. Stocks can remain disconnected from business fundamentals for periods of time, but in the long run, they always reflect fundamentals, or it

[Mikeyrob]

It has been 3 years though patience... they are not growing fast enough. Are we all going to give them a 4th year

[PatiencePays123]

In all fairness mikeyrob this is an entirely new company vs 3 years ago so i think we have to start benchmarking share performance from april 2020 when they announced the gsx acquisition. They seem to be laser focused on the microsoft channel which imo is significantly larger than the mitel channel and the prior sd-wan opportunity with elfiq which they sold. It is almost an entirely new company

[JackBNimble26]

If that is the case, should Antoine not be at this conference to showcase MTLO's new direction to prospective shareholders and analysts next week? Does Antoine own. any MTLO shares?

[canyousayiii]

No disrespect to the fella, but how would you guys feel if you invested into a high-tech start up and it grew to $6.5 million revenues in 13 years?

[PatiencePays123]

This is a great question to email and ask Linton. He hasn't responded to my recent emails. That may suggest there is more in the works behind the scenes.

[JackBNimble26]

ok will send to Bruce but before doing so, do we know if and how many shares of MTLO that the GSX founder owns?

[JackBNimble26]

Monday at 12:20 EST...stay tuned. I sincerely hope the Board has someone with the zero share holding CEO to lend some credibility to the pitch...someone who owns shares and who Walks the Talk rather than "listen to the advice I am giving that I myself do not follow." I still do not know how Proctor is going to answer the question about if the future of MTLO is so great then why have you

[PatiencePays123]

I don't think any. He would have had to file a report at the time they acquired GSX and I don't see him listed on sedi.

[JackBNimble26]

So the GSX founder is likely the biggest winner of all. He got MTLO to buy him out but if he really thought MTLO had huge potential, do you not think he would have opted for the deal including a significant MTLO ownership position? Maybe he is sitting on the board as part of an agreed upon transition strategy? 

[Hertevald]

Regarding LeBoyer`s share ownership, you guys should read the SHARE PURCHASE AGREEMENT among HO INDUSTRIES SAS, ANTOINE LEBOYER, AND JULIEN ROITMAN and MARTELLO TECHNOLOGIES CORPORATION dated April 28, 2020 which is posted on the Martello SEDAR site. It indicates how many shares of GSX Leboyer owned, from which you can calculate how many of the 22 million Martello shares he would have received

[JackBNimble26]

Thank you. So he either still owns them and he just needs to update his SEDI holding...OR...worst case scenario, he has been bleeding them out into the market which would explain part or all of the selling pressure.

[JackBNimble26]

OTTAWA, April 28, 2020 /CNW/ - Martello Technologies Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a provider of digital experience monitoring (DEM) solutions deployed in more than 5,000 enterprise networks around the world, today announced two initiatives as part of a strategic investment to strengthen its DEM capabilities. The Company has entered into a share

[canyousayiii]

If I recall correctly there is an additional payment based on certain performance targets. But that is correct. As a director he has to file an opening position. Maybe an oversight on his part but it would be bushleague orientation if nobody told him about Canadian regulatory requirements. Not impressed by the board so far.

[JackBNimble26]

Thanks. I just sent an email to Tracy King and cc'd John Proctor and Bruce Linton asking for clarification.

[JackBNimble26]

The reporting of SEDI Insider filings has just been updated to reflect the holdings of the new board member Antoine Leboyer: Recent filings  Filed 2020-12-14 10:58   Tx date 2020-11-20 $MTLO Martello Technologies Group Inc. Leboyer, Antoine Rene Frederic 4 - Director of Issuer Direct

[canyousayiii]

I forget snd canf be bothered to look at how many days they have to file, but it very well could be that they picked up on the ommission through our discussion.

[Hertevald]

Initial insider reports to SEDI are subject to a 10 calendar day filing deadline, so I guess it wasn`t a coincidence that they filed right after our discussion. A fee could be charged for late filing, says the OSC.

[canyousayiii]

That's the number that was in my mind. I think the fee is something like $500, which is symbolic for these guys, and likely wont be applied the first time. The discouraging part is that their orientation package may be weak and for board fees we are paying, they should be a well oiled machine with clear roles and responsibilities. Hopefully their meetings are well structured and they discuss

[PatiencePays123]

I am extremely encouraged to see the tightening of governance at the company. Clearly Bruce is listening to us and is present. I can't wait for 2021 for the stock and business.

[Mikeyrob]

Why, what have they done? Keep these guys accountable... they have put forward a lack lustre effort all year. They have not capitalized on a high growth market with what should have been an acceleration in organic growth and acquisitions. I find it rich that random people are now popping up on this board and telling people that have been here for what seems to be forever that we should not be

[canyousayiii]

I wish the few folk that defend management would put some meat on why we should hang on instead of "sell if you dont like it". In a way it is like saying that if you are a private business owner, you should sell your business if your management is not making you money in a business that by all indicators should be successful.

[jermoguy]

Totally understand what you are saying here and agree.  However, I think the advantage of being a private business owner is that we can actually walk in one day and fire the management on the spot (I know this is easier said than done with labour laws and wrongful dismissal claims and what not).  Unfortunately, for Martello it is not that easy - none of us are majority shareholders and

[#chickendinner]

Someone at Martello appears to be reading this bird and righting up the ship but by all appearances Proctor isn't going anywhere.  This is disturbing as this is the one big change they need to make to send a message to existing and potential shareholders that they are getting serious. Having Proctor present at the conference is like wetting yourself in a pair of black pants.  It may

[Mikeyrob]

Thank you Chicken, couldn't agree more with your points. I'm just hoping they sell this thing swiftly as I don't see it going anywhere anytime soon. They are growing at an incredibly slow pace and it cannot be justified by the salaries and so called leaders they have in this company.

[jermoguy]

I think you are spot on chickendinner, about the LD Micro conference exposure. A day after the conference, almost an hour into the trading day, the volume is at 15,000 shares. Some other companies I looked at who presented at the conference are all at least 300,000+ shares, some are trading in the millions.  All around the same share price. Clearly what is absent here is probably an apathy