Ultrack Systems Inc (MJLB)

[HJ72]

Nope toxic CEO still holding shareholders hostage.

[ANWags]

Here for my weekly check in to see if the company went under yet.

[HJ72]

Yeah that’s what I thought, just need to get rid of the toxic CEO in order to see any value back.

[HJ72]

Wish it wasn’t true but feel certain the volume is just a pump for the billion + bought @.0001 for a flip nothing more, we’ll see.

[CL601R]

Scam ceo yr ago OS were at 300 mil now at 2.3 bil …. 7+ times dilution … no eld …no pet tracker … scam scam scam

[RustedBucket]

Same took a small position at .0002 on that volume..

[Coniba]

In at .0002 on volume MJLB

[HJ72]

New ownership is the only hope here as long as there’s no affiliation whatsoever with the current toxic CEO, President, Treasurer, Secretary aka Steve. Until then this toxic pig goes no where.
Ever wonder why the only thing that actually gets done is unaudited finances?, should be clear to all by now!

[tjvs]

People said they saw him wandering the streets of the Bahamas with a PET TRACKER in his hand looking for puppy.

[tjvs]

Rumor is he's retired in the Bahamas can anyone confirm.

[CL601R]

FU Steve liar scammer thief ugly MF… where is your ultra lie eld scam. You turned out to be filthy garbage … liar scum scammer … shame on your old filthy sh t

[HJ72]

There will be none just another carrot for the jackass

[ANWags]

Final nail in the coffin. Amazing what happens when you have fluff and no substance, ey Steve? Thanks for taking my money for your hobbies. Glad it worked out for you and only you.

[HJ72]

Q2 remaining AS will be dumped @ .0001 that’s the only thing happening here.

[ANWags]

There won't be any updates. Seems like he has a project idea in mind, pumps the idea to milk investors, and then says it didn't work or stops talking about it. Now there will be an app? It's just the flavor of the week. Thanks, Steve.

[tjvs]

No updates just like the pet tracker and ELD . People lost a lot of money here .new investors beware beware DON'T BUY UNLESS HE SHOWS PROOF .

[CL601R]

FU Steve liar scammer thief ugly MF… where is your ultra lie eld scam

[Bushmantrader]

Hey guys. Been a long time. Steve going to prison yet?

[ANWags]

Wow.. a whopping $200 in trades so far today.

[CL601R]

FU Steve liar scammer thief ugly MF

[work-n-hard]

Don't hate, it's all I could afford. Was going to just be the 5K, but a while later, I found some change in my couch, so was able to buy 10K more. 😂

[tjvs]

Big time spender today 15 k buy LOL.

[HJ72]

What’s most disappointing is he doesn’t tweet happy holidays anymore. LOL what a clown!

[HJ72]

Yeah we’ll see, maybe you’ll see one tick up ? If you have hundreds of millions at .0001 that’s could be a decent profit. But 99.999% chance it will be another Windows 11 ELD, Ai Pet tracker, MLoan, the problem is everyone knows he’s a liar and a fraudster and will say anything and do nothing. Don’t think an app will unfold defrauding shareholders, there’s too many good stock out there to waste money and time on a fraud CEO who main objective it to scams his shareholders.

[work-n-hard]

Actually, that has me watching again. Might be a new flip opportunity?

[HJ72]

No worries remember their new myfleet app will be ready to launch in Q2 , stay tune for more information! So pathetic.

[work-n-hard]

Any issued, but restricted shares, should already be accounted for, in the number of OS shares, right?
But I do remember another possible issue.
I think there were 1M Convertible Preferred B shares, that can be converted into 1,000 Common Shares each.
Since those B's were issued, that means he has to keep 1B shares available in the Authorized Commons, that he cannot issue, much less sell. 🤔

[HJ72]

No matter he’s a crook and Ultrack Systems is a front for his scam, I wish he would let it go to em , SP would go up and there would be hope but instead he holds shareholders hostage there’s no way he’ll give up his stock selling scam it will have to be forced. Shareholders should have a say and I believe a judge would agree looking at his books.

[HJ72]

Filings show 144+ million restricted
shares which has not changed, he can’t personally sell billions and billions of shares with no report of it and there is none.

[work-n-hard]

Sorry, I've lost track of this stock's Restricted Shares. Are you saying, the amount of AS's that he had left, would have needed to stay as AS's to cover some Convertible Preferred Shares?
(Or maybe I'm not understanding your post?)

[HJ72]

Hmm doesn’t make sense his restricted shares are the same, how is he personally selling billions of shares?

[work-n-hard]

I respectfully disagree, with the notion that he will/can effect a R/S or raise the AS's without getting current with Nv.
I've notice many other tickers be in this situation and none of them filed anything, while it still showed them as being in Default.
They always showed Active, when those filings were posted.
Think about this: You are in Default and owe us money, but please continue to utilize out system to carry on business as usual???
And as far as how much it cost to become Active, how great or little the cost, I still don't see a company in this situation spending that money before they really have to. Looks to me, that without selling more shares, they were basically Broke.
But all that said, he still had/has AS's to sell, so he had no real need to update Nv., but now, maybe the need is there.
Anyway, we'll see what happens, but I think before anything else gets posted, he will need to reattain Active Status.

[HJ72]

I don’t believe so it doesn’t state anywhere a business can’t modify they’re share structure if they file their business license is filed late , he has a year before it could even be revoked , late fee penalty is between $100.00- $175.00 depending on your business. His financial filings are current if his business was license was revoked obviously that would be a different story. The entire cost to update his business a with a late fee is about $500.00 beyond cheap , you better believe he would’ve paid that if it affected his ATM. Another billion shares will be added to AS soon.

[work-n-hard]

Firstly, there is also a Penalty for filing late, although they do not state what the penalty is.
" .....can't modify the SS "?
I would think that at the very lest, it's just common sense, that if you let your license go into Default, that they are not going to let you post a filing. 🤔

But also, the state of Nv. says you have to.

FAQ:

I have filed my Articles of Incorporation. When must I file my Initial List of Officers and pay the State Business License fee?

A corporation shall at the time of filing the articles of incorporation file a list on a form furnished by the Secretary of State containing the names of the Officers and Directors (or equivalent thereof) and addresses (residence or business). An entity required to file an initial (or annual list) with the Secretary of State pursuant to this title, the person must obtain the state business license at the time of filing the initial or annual list.

[HJ72]

It only cost $350.00 to update business license in Nevada and he has a year to do only being penalized 150.00 late fee. I think he’s just lazy and will get to it eventually but who says because a business license is in default you can’t modify share structure?

[work-n-hard]

[work-n-hard]

I'm afraid I didn't give explain far enough, why I said what I did.
I understand what is going on with Nv., the reason I brought up the R/S was, like many sharesellers, I've noticed that they will update their OS count on OTC, just before they start selling again. In this case, he updated on 04-01-24.
Authorized Shares 2,996,000,000 Outstanding Shares 2,304,256,643
ASSUMING that is what is going on here, that is why we saw 374,891,671. shares dumped yesterday.
That alone would put the OS at 2,679,148,314. We'll see if there is more today. Regardless, that is putting it close to the maximum of the AS's.
All that said, I figure that at least, some of that money will go towards updating Nv. He would need to do that before he can then file a R/S.
Of course, he could just raise the AS's, but I'm not expecting that because, with the exception of whatever arrangement was made yesterday, he was having a hard time selling, on a day by day basis.
All Just My Opinion.

PS: I figure that if he sold those shares at half of .0001, he would have only netted 18-20K dollars yesterday. SMH

[HJ72]

It’s showing default because he didn’t submit his business license and pay the fees associated with it before the expiry date he has one year then it could be revoke but has nothing to do with stock structure, he’s not done diluting another billion AS otw imo then eventually rs, rinse and repeat. Brokers shouldn’t be allowed to trade this and are responsible for allowing this scam to continue as well. https://www.sec.gov/oiea/Complaint.html

[HJ72]

SP is a direct reflection of how “superior” your useless, uncertifiable, unsellable, ELD fraud is. Reap what you sow Steve!

[HJ72]

Hey Steve remember this? We certainly do! Nothing but a predator who uses the US as a prop to defraud investors.
https://finance.yahoo.com/news/ultrack-provides-q1-companys-flagship-140000315.html

[HJ72]

Good question my guess is same group that’s on the ask Steve’s days are numbered, this will go up as soon as he’s out.

[tjvs]

Who's buying all these cheap worthless shares at 0.0001 they must own the co.

[HJ72]

He can rs if he wants makes no difference it’s over for him his name is forever sh*t !

[HJ72]

A planned scam from day he intentionally mislead, deceived and lied to investors I’ll never believe it was ever anything more , he should be in prison and Nevada is taking notice. Haha Steve!

[work-n-hard]

Admittedly, I didn't think so at first. But about six months into it, I just started flipping it, as what I was seeing, wasn't making sense to me.
Shame.
Seems that all he had to do, was following their requirements and submit a qualifying unit. SMH

[HJ72]

Nothing but a scam from day 1

[work-n-hard]

Well, he's been in Default with Nv. since the end of Feb. So I GUESS that he is trying to get that together, but I wonder if it is so that he can file a corporate update of a decision that "The Board" made, to R/S the stock.
(The AS's is getting close to maxing out.)

[work-n-hard]

In the words of The Batman, Holy Shiot Robin

[HJ72]

What a scam!

[HJ72]

Then again his financials are unaudited so take that for what it’s worth, in my book it’s a ZERO.