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I agree 100% with you, martymech, 100%.
Good news, the rally is back on track!!
I can say with certainty (given what Ultrack told me in an email) that the delay is not due to their ELD failing to meet certification requirements. That's is most definitely NOT the problem. The issue is the complexity of the certification process and how much longer it's taking than what they originally told us (4-6 weeks has become 4 months and counting). The other issue, of course, was the Covid shutdowns, which delayed road testing for several weeks.
Right now, no one has clarity on when certification will arrive. Could be today, could be tomorrow, could be next week, or the week after.
No way. MJLB's ELD entry meets the requirements. It's entirely their fault--they said as much when they belly-ached over the number of tests they have to perform (450) for each ELD and the number of vendors. No way it's issues with the entries (at least not MJLB's device)
Let's get back to the good news: https://drpgazette.com/2021/06/24/amazon-latest-big-investor-in-fleet-management-these-stocks-could-benefit/
It is incredible, appallingly so, that FPI would use language to suggest that the blame lies with the vendors and not themselves for the pitiful fact that no ELDs have yet been certified. That said, I still believe that Ultrack will receive certification today or tomorrow.
So it is completely self-serving and entirely misleading. Ultrack's device meets the certification requirements, but FPI hasn't finished testing yet. Very different from what her email implies.
Saul (Steven), please email her again and ask for clarification. Does she mean that no ELD has met the requirements for certification or that FPI hasn't finished the testing of Ultrack's device? This is an extremely important distinction, and I'm certain she got it wrong.
This is a very misleading statement: "at the moment, no ELD has met the requirements to obtain certification therefore the list of certified ELDs is empty." It isn't that no ELD has met the requirements but rather that FPI hasn't finished doing the testing. Very stupid way of saying that FPI hasn't finished their work yet. How dumb!!
some smart global company must see the potential for huge profits with an acquisition of MJLB. Can you imagine how much revenue and profits can be generated if Ultrack's certified ELD were shopped on a global basis?!! At $75-100 million, MJLB would be a steal.
get your 6s today, they won't be here tomorrow. I'm going to get mine.
any share you can buy under 10 cents is a terrific steal. this will be obvious very soon.
Nice find, PositiveENRG!! Let's hope today is THE day for a press release or certification or both!
Why do you say that next week is only 4.5 days? I thought Monday July 5th was off, no? To my knowledge, there is no half day on the prior Friday.
it wouldn't have if I had counted on anyone else on this board to do the right thing.
why do I always have to be the one to save the day in the last 10 seconds?
yes we do. Or heaven forbid, FPInnovations would do its job and certify ELDs!!!!!!
this stock is a real company with a real future and it's a certainty to triple (probably much more) in the very near future. AND NO BUYERS???!!!!!! Short-term flippers aren't the problem. Where are the big buyers already? Give them a reason to come back and this will explode upwards. But we wait and wait and wait and wait for FPI or MJLB to do something--anything.
This is a sick fricking joke that we've been trading in the 5-6 cent range for over a month on virtually no volume. A sick fricking joke. It's got to end soon--like right now. Until we get over 10 cents, I'm not saying one good thing about the share price. Sure, I think we'll be up today, like I predicted earlier. But of course we will and should be. We're trading at 6 cents. Big deal if the share price moves to 7 cents. Big fricking deal. Let's get this stock somewhere in the ballpark of where it should be. And the only way to do that is for mgmt to say something positive -- anything. It's been over 3 or 4 months, depending on what you count as positive. I'm getting really ticked off. It's almost July and this stock is barely trading at 6 cents!!! C'mon, let's go already. Enough of this insanity!
we've only trade 425,000 shares. Why aren't "eyes" translating into "volume"?
maybe I'm just a foolish optimist but I think something great is about to happen.
I wouldn't be so sure that nothing will happen today. Lots of good things could happen--and all of them are WAY OVERDUE!
I think there will be a spike in volume on the upside late in the day...I've seen this hundreds of times before.
One question that keeps me up at night: Why, over the past two months, hasn't management given investors a reason to buy this stock at these levels? Surely it wouldn't be difficult to find a single reason--or two or three good reasons--to buy MJLB right here, right now. Where am I going wrong? Doesn't management want the share price to rise every bit as much (and probably a heck of a lot more) as I do? It's so darn frustrating. I don't mind waiting for certification, contracts, expansion, etc., if it takes time. But waiting at this share price is asking a bit much. It's just too painful. 10-12 cents would be a lot more comfortable. And don't get me wrong, I'm waiting for the big days of 20-30 cents and more. But 5-6 cents? C'mon now. I just want to see a bit of urgency about the share price. They're too complacent here.
here's the point, IMO: if the Chairman of the Canadian Trucking Alliance says he's "confident the first such devices will be approved in the coming weeks," he should know what he's talking about. Why would he say he was "confident," if he had no knowledge that the statement was true? I think we can put some stock in his confidence. But maybe it's like the last line in the movie, Chinatown: "Forget it, Jake. It's Chinatown." Just substitute "Canada" for "Chinatown."
what does "coming weeks" mean to you if this isn't a "coming week" after June 11? If he had meant coming months, why wouldn't he have said that instead?
CTA spokesman says on June 11 that he is "confident the first such devices will be approved in the coming weeks." Shouldn't he know? Isn't he an insider of the Canadian Trucking Industry? No? How is he outside the process? What's "TOO FUNNY"? I don't get what you don't understand or think is misleading in my comment? Certainly this week is a "coming week" after June 11th, no?
Yes, I answered with this post:
From 6/11/21 Trucknews.com story:
“CTA (Canadian Trucking Association) is confident the first such devices will be approved in the coming weeks. Carriers should be in contact with their ELD vendors to ensure the product they use today will be certified, Millian points out.”
https://www.trucknews.com/regulations/as-canadas-eld-mandate-takes-effect-compliance-is-impossible/1003151682/
This stock isn't going to move because of technicals or charts. When Ultrack puts out a press release with good news, the stock will rise dramatically. It's been two months of silence. Mgmt needs to give people a reason to buy. Build it and they will come. Substance not charts is the key to getting this stock where it should be. The silence is deafening right now. And that's frustrating because the stock clearly wants to go up, but there is simply no catalyst. FPI: GET IT DONE ALREADY!!!!! It's more than two months overdue.-
From 6/11/21 Trucknews.com story:
“CTA (Canadian Trucking Association) is confident the first such devices will be approved in the coming weeks. Carriers should be in contact with their ELD vendors to ensure the product they use today will be certified, Millian points out.”
https://www.trucknews.com/regulations/as-canadas-eld-mandate-takes-effect-compliance-is-impossible/1003151682/
we've only seen $7000 in trades so far today. Nice buying, IMO, is millions of shares, don't you agree? Let's go people! Let's go MJLB! Time to get this training moving in the right direction! 8 weeks without a press release is too long, especially when you consider that the last pr was to deliver the bad news that certification would be delayed. Come on, let's go already!!! We know that we're closer not farther away to the goal of certification and contracts and global expansion. This ain't no Benjamin Button--time goes forwards, not backwards. We're closer to where we want to be. The share price should start reflecting that fact!!!
Wednesday: I feel it in my bones, today is the day certification arrives.
Folks, there is absolutely no way that this stock doesn't see 16 cents, at a minimum, within a month. It probably goes much, much higher. What is everyone waiting for? Start buying.
MJLB is going to come out swinging any moment now--they've got lots of exciting things going on and it's time now to take care of shareholders. Just watch and see!
From 6/11/21 Trucknews.com story:
“CTA (Canadian Trucking Association) is confident the first such devices will be approved in the coming weeks. Carriers should be in contact with their ELD vendors to ensure the product they use today will be certified, Millian points out.”
https://www.trucknews.com/regulations/as-canadas-eld-mandate-takes-effect-compliance-is-impossible/1003151682/
FROM handmade1's original post
What I gleaned from the email I got yesterday from Ultrack is that they are very unhappy (as we all are) with the current share price and are on the warpath now, fighting to get the sp back up and to take the company to the next level. I think several things could happen any moment:
1. press release on Ultrack's entry in to the pet tracker market
2. pr on contracts and other activities since May
3. pr announcing a second share retirement
OR
4. pr announcing a share buyback
AND, OF COURSE, WE EXPECT FPI TO CERTIFY SEVERAL ELDs THIS WEEK
We've now got two entities certifying ELDs--should double the speed of the process: https://ontruck.org/csa-group-now-an-accredited-certification-body-for-elds/
we might need some help from MJLB today to get over the hump. I hope it's forthcoming.
Let me say that Ultrack's email response to my query was impressive--polite and written in direct response to my email. It was not just boilerplate. I think it is important that they say that they will be addressing not only Ultrack's recent activities but also valuation. Here's the key sentence:
"We will be releasing additional news on our companies activities and valuation in the very near future. We are committed to working on increasing value for our loyal shareholders and taking this company to the next level."
I won't speculate on what it means. I'll leave that to smarter people on this board (and there are many of them).
They ended the email with this sentence: "We are committed to working on increasing value for our loyal shareholders and taking this company to the next level."
I just checked and I actually sent the email to this address: info@ultrack.ca
It's on their official website under "CONTACT"
I and everyone else on this board owe you bigtime. Any little bit I can do, I'm happy to help.