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I emailed Ultrack's Investor Relations on their website: ir@ultrack.ca
That's how they signed the email.
I've just been informed by "the Ultrack Team" that MJLB will be releasing additional information on the company's "activities and valuation in the very near future." Stay tuned.
I've just been informed by "the Ultrack Team" that MJLB will be releasing additional information on the company's "activities and valuation in the very near future." Stay tuned.
I'm not blaming anyone. The share price is the share price because of conditions well out of our control. The point is this: ULTRACK HAS DONE NOTHING WRONG. The share price is the result of decisions and mismanagement by Transport Canada and FPInnovations. No Canadian company has certified ELDs. Let's remember the truth of why this stock plummeted. There was a guaranteed dead period from Feb. 28-April 15th. That period was extended another two months by TC and FPI, not MJLB. Indeed, MJLB got the modification done ASAP, and is waiting for FPI to do its job. We have been told that certified ELDs will hit the market this week. MJLB is at the top of the list and may even get a first-mover advantage. We'll see.
I agree with you, Saul. But when we start agreeing with predictions that the stock will and should be at 4 cents, we've gone too far. Management could have done more to strengthen the share price. But they've done and are doing tons of great things. This stock is THE most undervalued OTC stock that I'm watching. Consider the Q1, consider its future, consider all the REAL things it has going for it right now (as soon as it gets certification), and there's no way this stock should EVER, EVER be trading under 12 cents. So when some suggest we'll see 4 cents, they are really taking a dump where they eat and sleep. And there is nothing REALISTIC about that view.
you're certain that we're going to close in the .05s? Why? Certification is coming any day, any moment now. Why would smart money be selling and not buying here? I know. Because Matty BS says we'll be able to buy in the .04s soon. And he's challenging me to a 50 cent bet.
It's not going to happen that way, Saul. You and I and everyone else who is long are finally going to have good days as far as the eye can see. Sure, it's possible that the stock could see 4s. Anything is possible. The world could be destroyed by an asteroid. But the possibility of something happening is not a sign that it's highly probable. We're going to see higher share prices from now on. And it's about time, I'm sure you'll agree.
The current stock price is a product of flagrant manipulation, a low float, and impatient selling--given a prolonged dead period waiting for certification (which has been botched by FPI and Transport Canada, not MJLB). It's difficult to sell what you don't currently have to sell, namely, a certified ELD. It is also a function of management not doing everything it can to inform the public of all the good things that are going on. But don't let this state of affairs fool you into believing that this is reality. It's all artificial. Once Ultrack has certified ELDs, press releases announcing contracts will be announced in a steady series. Expansion and other streams of revenue will also be announced. This has just been a nightmarish few months--not a slight-speed bump, as management said in its last pr on April 29th (yes, almost two months ago). But the silence will soon be broken. Good news will be streaming in loud announcements. And all those here who predict that we'll see 4s will prove to be LOUD wrong.
the question isn't will it go back to 16 cents, but rather when. It's late June. They told us that they will be selling certified ELDs "by July." There's about a week left, so why would the price of the stock be going down rather than up from these absurdly low levels (roughly 3.5 cents pre-share retirement)??!!????!!
I said that this week and, perhaps, once or twice last week. We're heading to the 6-cent range today. I have hardly been a mindless cheerleader. I've been heavily criticized on this board for being too critical of MJLB.
I told you: an insider said ELDs would be certified and available this week.
it's realistic to predict that the stock price should go down from 5 cents? That strikes me as irrational pessimism. But we'll see who is right and realistic. Keep watching
but you agree with MattyBS that there's more probability that this stock goes down from here than up? When certification is imminent? Let's bet on it.
great, Saul. Let's try our hardest to drive investors away by agreeing with a post that says the stock is more likely to go down than up. Fantastic! We're down 70% on no fault of the company but rather that of FPInnovations and Transport Canada. So you go ahead and a agree with someone who's betting against the company.
of course, you make 100%, that's the best. Most people aren't going to get that lucky or good on their alternative stock. It's a simple rule: don't be too clever by half. With MJLB you've got a stock that will double or much more soon.
I couldn't disagree with you more. Watch and see who is right.
At 5-6 cents, the company has given you more than enough good reasons to buy. I think you're going to regret not buying more here. You're already loaded, however. Others here clearly aren't "loaded." Every day, every minute, we're that much closer--not farther away--to certification and great news. At $16 million market cap, this stock is a steal right here. You've got better places to go with your money? Okay, but I don't see any.
6 cents will soon look like an impossibly low price to have bought MJLB shares. Yet, here they are and no one's grabbing them. If they don't, I will. Last chance. The big and important point is this: I can understand if this stock is under the radar. But it isn't under the radar for everyone on this board. You know the facts. Yet you're still not buying. What in the heck is wrong with everyone here?!!
they should be scrambling but they don't appear to be. They're all planning on chasing. Good luck with that! Great for us, however.
It's only Tuesday. Why not today?
because certification is imminent. An insider said that certified ELDs would be available this week.
it's trading at 5.5 cents. let me repeat that: it's trading at .055.
the only screenshot that's going to move this stock is one of FPInnovations telling us that they certified Ultrack's ELD.
The wait for certification has been absurdly long. In the meantime, I can't understand why MJLB management can't come up with a darn good reason or two to buy this stock. That's the problem--it's not massive selling but rather no buying. Why can't they put their collective heads together and come up with one, two, three, four, or five good reasons to buy this stock (while we're waiting for FPI to do something, anything)? Every weekend, I think that they're figuring out a way to get the stock price up. And every Monday morning, nothing. A publicly traded company has an obligation to shareholders to maintain or boost their share price.
a lot of people will soon be kicking themselves for not buying here. It seems to me that most of you are betting that you're holding something else that will double or triple this week or next week. I very much doubt that you're right. I'm not watching anything else that I feel that way about.
The next press release will be to announce certification, and it will be this week. They don't want to steal their own thunder by putting out a pr on something else that they've got in the works.
When it rains it pours. Certification will unleash a flurry of prs, IMO. That's when we'll hear about finalized contracts, pet trackers, and global expansion. If you're holding other stocks, you should sell them (no matter how far you're down or up on them) and buy MJLB right now. It's easy money--extremely easy with no worries--and very significant (double or triple or more) in no time at all.
logic tells me that certification is this week. I can't understand why there isn't a ton of buying at these levels. Like you say, Jake, it will most likely double, probably triple, immediately after certification. How greedy can people be, if that's not enough incentive to buy this stock right now? Everyone: you've waited this long, don't dare sell now.
That's what is so frustrating: MJLB is positioned for a first-mover advantage. If FPI would ever do its job and certify an ELD, one or two would be nice, the stock would take off. It's just incredible that it's late June and they haven't certified a single ELD. What in the world are they doing? How many weeks does it take to certify a single ELD? As they said in their April 29 PR:"We are doing everything we possibly can to ensure approval of the DriveLineELD and are simply waiting for others to do their part."
we're approaching 2 months without a press release. I expect an important one this week.
The change happened when FPI updated the website last week.
This strikes me as important (from Ultrack's twitter site on June 13th)
Question: "Do your products have the OBDII Protocol or are you still developing it?"
Ultrack Systems Inc. @Ultrack Jun 13
Answer: "Already implemented into our DrivelineELD"
I agree with you, HJ72--the stock is being treated as dead money right now. Smart investors are buying here like it's a gift, which it most definitely is. As for whether this will see ".20+"--all, or most all, of us here think it will go much higher than 20 plus. At 25 cents, MJLB's market cap would be roughly $68 million, far less than most OTC stocks, the vast majority of which have absolutely nothing going for them other than far-fetched stories about riches. This company is real, and it's just starting to take off.
why are you so certain that the immediate future will be negative? This is an honest question, why? Hasn't the stock tanked enough? Isn't $16 million a low enough market cap for a stock that's reported the Q1 it just did, and given that it has "massive" contracts pending and all sorts of revenue streams to come? I don't understand why you're so certain and dogmatic to get your point across that this stock hasn't been beaten up enough and it will see more downward pressure?
I don't know. But I do know who bought the last 500 shares at .0565 to get us green or we would have closed at .0518 (that would have been a long weekend!). Time for a run upwards already. Really time.
That would violate one of my cardinal rules: don't gamble with people whose last names are BS.
I wouldn't be surprised if FPI publishes the first batch of certified ELDs tonight.
"Surprisingly the 51 order didn't fill." Ye of little faith. You really think this company is a disaster, don't you? Why would it be surprising that a 51 order didn't fill? I'm surprised we're even discussing a 51 order.
someone needs a chill pill. Certification is not in doubt. It's just a formality. But if you're saying, they'll wait to close the deal until after certification, sure...the deal would stipulate that certification must be approved. Still, $50-100 million is pocket change for a company with global reach and the future of this company.
From FPI's website. Get this, they "respond quickly," "cultivate...a spirit of openness," and "establish trust" by living their values. Hahaha...
AGILITY
We adapt to our clients’ evolving needs and challenges. Responding quickly enables us to deliver value and impact.
COLLABORATION
We value the power of co-creation and diversity. We cultivate dynamic partnerships through a spirit of openness and courage to challenge ideas.
INTEGRITY
We are committed to the highest professional, ethical, and scientific standards. We establish trust by living our values.
I can hear them now: "hmmmm, was that test protocol number 382 or 383? hmmmm, I don't remember, let's start all over again."