Martello Technologies Group Inc V.MTLO

On the Right Track: A Message from Martello's Co-Chairs

[PatiencePays123]

JULY 2021

 
On the Right Track:
A Message to Shareholders from
Terry Matthews and Bruce Linton
 

 

 

I am writing to you to follow up on some memos that have recently been directed to me from a few of our shareholders, expressing concern about the future of Martello Technologies and my support for the company.  In my role as Co-Chair, with my colleague Bruce Linton, it is important that I let you know that both Bruce and I see the potential and believe in the future of our company.  The technology sector worldwide is moving rapidly in a direction which reinforces my view that Martello's Digital Experience Monitoring (DEM) technology is fundamental for a growing number of enterprises, to ensure that the many applications and solutions used by businesspeople are proactively optimized and protected. The Martello technology highlights faults and performance issues, with an initial focus on Mitel and Microsoft systems and solutions and in many cases overseeing an entire network and applications suite for companies worldwide. 
Over the last few months Martello has continued to develop capabilities in these areas, driven by client interaction.  Bruce and I are convinced that the company is on the right track; both from a technology development perspective and a business perspective.
In starting the company, I chose the name Martello to highlight the importance of protecting key communications points, applications and solutions in the business world...much like the Martello fortresses did hundreds of years ago, protecting key shipping ports around the world by being located in an ocean offshore and with 360 degrees of visibility to protect.  
We are working to create the right foundation and framework for Martello Technologies to move in sync with the accelerated Digital Transformation which is underway worldwide.  No matter where the location of work in the future and how employees connect, whether Fibre, 5G or even Low Earth Orbit Satellite networks, companies need to know if their employees can connect and if they can be productive - and if not, how to improve that level of productivity.  For this, they will need solutions such as those provided by Martello.
Given the rapidly evolving nature of technology, it is important that Martello is connected to an environment that is pushing the technology envelope.  The Martello Headquarters is adjacent to Hub350 in Kanata North, Ottawa.  Kanata North is home to about 550 Technology companies, representing about 30,000 employees.  This year will be the launch of Hub350 and the Telus 5G Innovation Zone. 
Be assured that Bruce Linton and I will continue to be actively involved in driving the success of Martello for the benefit of all shareholders.
Terry Matthews, Co-Chair, Martello Technologies
 
 

 

[steevee84]

lol what a fukn joke of a newsletter. Thanks for explaining where the MTLO name came from for 2/3 of the letter. What a joke

[pantonor]

This post has been removed in accordance with Community Policy

[steevee84]

definitely on the right track, since the fire side chat the SP has fallen what? 50%? Definitely on the right track!! Fukn mountains of debt, reoccurring losses every quarter adding to that debt, hardly any money in the bank, definitely not enough for an acquisition, absolutely no demand for the product.... Yet another fluff newsletter to try and sucker in more investors.... Sad really

[iUnicorn]

Good morning all. This is the type of interaction I like to see. Wealthy co chairmen supporting and defending the company. Reading between the lines it is clear they will do what it takes to make the company a success and their priority if the share price.

[JackBNimble26]

The market reaction has been truly staggering suggesting that the investing world is attentive and acts on the sage advice of these proven leaders...

[steevee84]

a couple of rich wind bags who have fukd shareholders on this investment from day one say they are confident in the "potential".... It's been 3 years... and these people jump all over it like it's some big piece of positive news... Reread that newsletter... They were basically forced to comment on how sh1tty this company is doing .. they can dress up a pig anyway they like, the

[canyousayiii]

Let's address the positive. Folk have reached out to them, and likely not to compliment how Martello is doing. So, they have heard about the concerns from a number of shareholders directly and therefore cannot be oblivious to the extent of dissatisfaction, even if they don't look at the stock price on a relatively regular basis. They are bang on to highlight the rapidly evolving technology

[canyousayiii]

And let me add the obvious. If there is no blackout period, with such distressed share price, to not see any of the management and board purchasing shares on the open market to even just send us a token signal, does not support Mr. Matthews and his belief that they are on the right track. If I was the co-chair feeling compelled to issue this letter because of all the concerns sent to me, I'd

[bullseye2008]

3,000 shares traded.... that doesn't really speak volumes to me and confidence from an investor standpoint.