Martello Technologies Group Inc V.MTLO

Cost Optimization Measures??

[ExaltedDLo]

Call me crazy... but I would have expected that "world class management" might engage in some cost optimization BEFORE they completely run out of money. 

Maybe have a quick look at board level compensation while you're at it, chaps.

[JProctor]

lol same b.s they been spouting since the IPO, just worded differently. Reduced head count means layoffs because their products are not performing. Don't be fooled by these crooks. Lays off, spending reduction, etc are all terms used by a dying company. How about axing half the board and terminating John Proctor immediately, theres an annual cost savings of 1million. This isn't for

[Mostlyserious]

Provided my views before reading these. I think we are saying the same thing. I would guess that most other shareholders see it the same way and will not bail at this point simply because they pretty well lost everything already. But nobody new would buy into a company that issues a red flag newsrelease. I thought I've seen it all.

[JProctor]

point proven by 0 shares traded

[JProctor]

step 1 of the profit/growth stage is to lay people off and reduce spending LMAO!!!! Could this be any more assbackwards

[Mostlyserious]

Cost optimization is never the FIRST pillar of a strategy when a company has a product or service that has a potential market uptake. As a matter of fact most such companies will increase costs and cash burn rate to capture as much market share as quickly as possible and financiars are happy to fund that growth. As long as the current CEO is there, I do not see a serious effort to turn this around

[panapple42]

Ottawa's worst IPO.  I guess the golden handshakes would likely bankrupt this by now. $%&$ing losers.  No accountability in this world anymore.  Enjoy the shrooms.

[panapple42]

The only thing in need of "optimization" IS the world class management.

[panapple42]

Will anyone resign?  Lol