Martello Technologies Group Inc V.MTLO

Last earnings release

[Trevor876]

Analysts were expecting close to $5 million for Q2 2021. Based on growth from GSX and Mitel. Martello reported $4.4 million. Substantially lower. With the loss of ELFIQ, Mitel was virtually flat. I am so afraid of what they will report in February. $4.6 million mostly likely. Still well below the $5 million target. Then what is going to happen to a $0.20 stock? 

John said something very interesting during the call when he was addressing, again, how he felt like the company was undervalued. He stated he liked seeing the run up in share price before the earnings, a vote of confidence by shareholders.

Ok here is the problem. $0.28 a share is absolutely nothing to be proud of or talk about publically. Bruce stated in his Midas Letter interview in 2019 that this company was a $0.50 to $0.70 stock right now. Well that was almost 1 year ago and not only are we not that, we are nowhere near that even with an acquisition. Someone needs to be held accountable for this.

[PatiencePays123]

Yes Trevor. After the quarter the analysts reduced their estimates. My broker let me know that they are now expecting $4.5 million in revenue for the december quarter. Expectations have been refreshed because of the Mitel growth drag. They should just divest the boring Mitel group that isn't growing much today, collect the cash, and pay all cash for a faster growing acquisition target so as to

[Trevor876]

Mitel earns Martello $2.5 million a quarter right now. or $10 million a year. If they were to sell it for the same valuation, or a little more, than GSX then we're talking about a $30-$40 million cash influx into the company. Mitel would really be the only buyer so tough to negotiate a price with only one interested candidate. I also mentioned to Bruce that a $4.1 million cash hoard is a joke

[PatiencePays123]

Trevor, on page 12 of the most recent MD&A they split out Mitel business revenue. They did 1.848 million in Mitel business in the sept quarter, or 7.4 million annualized.

[JackBNimble26]

Trevor: these are hollow fluff statements with zero substance. They are meant to deflect concern away from him to say he is on the same side as you, he agrees with you. The problem is that he has not delievered, the market valuation of the firm, through the dilution, remains essentially the same, or to be correct, a $0.05 improvement over three years. Impressed? So John please stop the bs

[Trevor876]

Great response 

[UpNAddEm]

JBNimble... shouldn't have to complain about hustle. It's fundamental, but that's where we are it seems. Hustle is fundamental. It looks like your right though. If you have a great profuct and connections (Dandorth), hustle is the easy part. What this mgmt team lacks is exactly that. Beautiful pedigree but no heart. Sad to say, but I'm not expecting much from the shares I've