Martello Technologies Group Inc V.MTLO

Reaults out

[Mostlyserious]

Stopped reading as soon as it was specified that Vantage DX revenue, the pillar of their growth strategy, was $240,000.  Someone correct me if I misread. I noted the bullish tone around it and increasing users, even though they are nothing compared to 20 million Proctor talked about a couple of years ago, snd then $240K revenue, where the gains in this growth pillar was offset by declines in legacy products.

[panapple42]

Reaults out.   Says it all.

[panapple42]

Does U.S. prime rate plus 8.75% per annum = 15.75 Percent?   What does it mean?  Is this the 1980's?

[Mostlyserious]

Hopefully quoting the CFO is introduction to the new CEO.  Once that happens, sooner rather than later, then the CFO position can be eliminated and we can have a controller.  They lost 700K users, lehacy revenues ate 15 times greater than flagsjip, whicj generated quarterly revenues the size of annual board fees. And we can also eliminate positioms for creative writing used in this NR.&

[JProctor]

Absolutely horrific results. Just skimmed over them quickly but terrible doesn't even describe these results.  Massive revenue drop, huge expenses, decline in users.  Massive miss on expected revenue.  

[bullseye2008]

Terrible, don't know how this is even a public company. Absolute horse $hit... investors' money is gone. Can't come back from this mess, was not a proactive company at all. Mike danforth was completely useless, Liston is a conman with 0 business sense, and proctor may very well be retarded 

[Mostlyserious]

Sadly, this has become the expectation. Just like most that play micro-caps, I had a bunch of complete misses over my lifetime.  You expect those since the hits can more than offset those.  But this is one micro that I am embarrassed to have invested in....that someone who is a Canadian technology icon would put his name behind it and let it do what it has been doing for so many years