Martello Technologies Group Inc V.MTLO

Level 2

[TheCashman]

There is a total of 861k shares on the bid at $0.20. I really hope this support at $0.20 cents doesn't break down, as it gives me a bit of peace of mind knowing that Martello can't go below $0.20.

[Mikeyrob]

Oh but it can and I have seen this in cr@ppy micro tech stocks before, they drop hard and the company does a bunch of reverse splits and it starts to look appealing to other investors. When the company finally starts to perform it's too late for the original investors as they are waaaaay under water. 

[TheCashman]

That would suck. I got screwed on a company that did a reverse split before. But that company made no revenue and was purely hype based. Martello actually makes revenue which is growing. As long as Martello keeps growing revenue, I think they could turn around and go up, before a reverse split is considered.

[Mikeyrob]

I don't really know if they are growing at a pace the market cares about. As a private company, sure they are doing great. From onlookers this is not an exciting business and has been quite disspointing 

[Qaloo0]

support is clearly holding around .210 / .215 https://imgur.com/a/sE5uXma I do think if earnings are positive and/or we get good news before then it will continue on its path. 

[canyousayiii]

If they grow Q2 next year by 50% I will be pleased even though they grew over 60% this Q2. You know, the next quarter when it will reflect growth post acquisition and not immediately reflect the revenue which we bought through the acquisition. Heck, lets cut them slack and lower it to 40% growth. This Q3 will again see the addition of GSX acquisition. Cant wait for the energetic and riveting

[steevee84]

honestly I hope something happens and soon. We have all been beyond patient waiting, make something happen damnnit

[Mikeyrob]

Me too Steve, but I honestly think there will be another run up and collapse day after financials. So what I will do this time is probably sell on the uptick and get into some stronger plays as well as send a nasty email to everyone in management if this is indeed the case. If I am wrong and this continues to rise then I missed out and oh well. This company has been a joke though and they have no

[PatiencePays123]

If retail people on reddit can cause a stock to surge thousands of percent like GME and AMC and others, so can we with this one. Or, we can all pool our resources together and force a sale to private equity who would then sell the business off piece by piece extrapolating a sum of the parts that is far greater than the value of the entirety.

[PatiencePays123]

F#@k the suits. Lets show 'em who's boss.

[TheCashman]

Only issue is, how can we express that Martello is a good investment to new people, when it's stock has been flat for three years. We need new hype to be created somehow. That would allow a lot of us bagholders to get out at least.

[canyousayiii]

We can only count on the Board to get engaged and to raise performance expectations. The system is not designed to give the retail shareholders much influence. It gives it that high level optics but in practice, we got nothing unfortunately. It is up to Matthews and Linton. The majority will likely follow since it is a very good gig.

[PatiencePays123]

We need commercial news. Recent signings, etc. Followed up with good sales growth results. And rinse and repeat.