Martello Technologies Group Inc V.MTLO

Few ideas for the board of directors

[PatiencePays123]

Since we know Bruce reads these forums as he mentioned to steve or trevor when talking on the phone, here are a few quick and dirty ideas to ponder over the holiday that should stimulate investor interest and get things going in the right direction:

• Find a buyer for the Mitel business unit and have Proctor and others leave with it, appoint the gsx ceo as new mtlo ceo, and use the cash from a sale for a mainly all cash acquisition
• The co-chairmen Terry and Bruce pony up and inject $10-20m through a friendly interest rate convertible debenture that converts above or at 30 cents to minimize dilution, and uses the cash to find an acquisition and pay mainly cash to again minimize dilution. After all, they owe us shareholders big time for their lack of action over the past 18 months for things to have come to this point, right?
• Sell the company in its entirety to private equity or a larger strategic (i revisited at the gsx acquisition press release and Sampford Advisors was their exclusive m&a advisor, maybe ask them to sniff around for a possible suitor?)
• Merge with one of the private company competitors mentioned on its slides (exoprise etc.)
• Combine any of these ideas with a 10 for 1 consolidation and board reduction to 5 or 7 members

I am not even that smart of a guy with a college diploma and I can come up with a half decent way to enhance shareholder value in a short amount of time.

Merry Christmas.

[Trevor876]

Interesting ideas. Don't think Bruce and Terry would put any more money in. They already put $5 million in combined so the acquisition could go through in the first place. But I, and many others agree, we simply cannot continue on like this. It's awful and unnerving to say the least. Terry and Bruce aren't amateurs but their lack of action with this company is troublesome. Again

[PatiencePays123]

The status quo is unacceptable and investors have very little confidence left in management to deliver share growth. Strategic intervention is needed if mtlo is to remain a public enterprise. I still believe that longer term upside is tremendeous, but leadership change and board intervention is needed to get it to realize this upside. There is so much opportunity in the gsx division. I work in IT

[#chickendinner]

Still sitting on 1.5 million shares, will happily give them all up at at $0.40.  A year ago I would have said $1.00, more recently I said 0.60 but at this point I have less than zero confidence in the current management team to grow the business, such a wanted opportunity!  

[PatiencePays123]

I don't think PE would mind paying 40 cents a share especially if Terry stays on as a private minority shareholder and sees the longer term strategy play out. Terry has a history of selling to PE like he did with Mitel.

[GREENBOY]

This post has been removed in accordance with Community Policy

[Tech2life]

The spiked eggnog has had some impacts on your thought processes.  I call balderdash on Bruce actually calling or responding to anyone, and beg why he would waste time reading these threads?  Bruce knows IIROC guidelines, so knows better than to call or discuss anything with one individual shareholder (of the ~8000 company shareholders) He wouldn't give individual/selective

[canyousayiii]

I would somewhat disagree with you, and quite vehemently on some elements. There is nothing in any guidelines precluding anyone from the company from communicating with any individuals or reading whatever they want on the internet. I don't believe that Bruce religiously follows this thread. I do believe that he may from time to time look at it because it is about the company he is leading that

[jermoguy]

That's pretty harsh questioning the integrity of some long standing board members.  What reason would they have to fabricate this information?  Bruce has been known to be accessible to people - I can vouch for this personally.  Based on what we read, I don't see anything that would violate any company information and / or compromise leadership decisions.  He didn't

[Mikeyrob]

I would like to think somthing is in the works as an Insider recently purchased $100,000 worth of shares

[Trevor876]

I sure hope so but who knows. We've been let down by this company so many times before.