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only three things will move the SP upwards: (1) certification, (2) contracts, (3) share retirement
but nothing matters except two things: certification and sales. Everything else is meaningless in terms of moving the SP at this point.
All we want is information -- information that we're entitled to have. And some of us want you working in sales and PR for the company :)
The question is this: how could FPI not be giving any of the vendors a peep about what's going on two days ahead of the mandate???!!!!! It's not even slightly believable.
They need a sales force. period. Not one massive contract announced since Feb 11th. That's the biggest surprise, IMO. They said they would be hiring before the pre-summer launch. But we haven't heard anything about it--not important, I suppose. But we know that the Hardie and Co. brochure is coming--whatever that signals.
It's been 6 weeks since Ultrack has mentioned the word certification (with the brief exception of re-posting an article I found from mid-May on the certification process). Their pre-summer product launch of their certified ELDs began in May (according to their PR on the subject). No sales have been announced--we assume because either they cannot finalize them or haven't been able to make any because, you guessed it, no certification. Now how in the world do they post a Tweet two days prior to the mandate to update everyone interested in the company (that would be shareholders, right?) about what's happening and not mention anything about certification? When do they expect it? How has it been going? It would be nice to know that they've resubmitted the revised device for re-testing (heaven forbid that they haven't done so, but, if they have done so, we haven't heard anything about it). So this is very, shall I say, disappointing.
ughh. I need a reefer trailer...or better yet, a trailer with lots of reefer.
A couple are fine. More than a couple is another thing altogether.
But Matty, it is the week of the mandate. That has to matter, no? And big things are coming, no? And the stock is hugely undervalued, no? I agree that it doesn't need to be said anymore, but you don't disagree with these thoughts, right? If so, tell us why you disagree.
My experience is that runups in SP before news are more rare than common on the OTC.
MJLB's future is incredibly bright--Indeed, I don't see anything but positives in terms of sales, expansion, and product development. Heck, it could be a buyout target or, alternatively, it could make acquisitions of its own. Why the street is treating it like a speculative biotech company mystifies me. But it will all shakeout perfectly in the end, I'm certain of that and don't lose a minute of sleep worrying over it (honestly).
I think it will be trading 30-50 million shares, at a minimum, after certification and then with a series of announcements of finalized contracts.
even if they don't, i still think that silence is a good signal right now.
you think? they might not care (though I think that they do), but Transport Canada does. and they hired FPI
Happy 25th birthday!! :)
For once, I think silence is a good signal right now. If MJLB had come out with a tweet about something other than a new contract, I would be guessing that certification isn't coming this week. But since they haven't tweeted, I think they've been informed by FPInnovations that certification will come sometime this week, probably by Friday. I don't think there's any chance that FPInnovations wouldn't provide the vendors with an update about the timing of certification during the week of the mandate (and this is that week, of course). I think they did so (it only makes sense). Don't be surprised if it comes today--please oh please with a cherry on top :)
but it will be FPInnovations that announces certifications, not MJLB.
yep, only down 9% today. yippppeeeeeeee!!!
I don't think that any rational person would have predicted in February or March that not a single ELD would be certified, much less available on the market, prior to the mandate. Not a single person would have bet on that outcome. Could it actually happen? Proof, once again, that the only things that are certain are death and taxes.
anyone think that certification will be announced between 2-5pm today? if not, why not? when? i'm hoping this explains why our CEO hasn't tweeted or said anything in a week--maybe he knows something we don't. I would hope he does...
what is a "true long"?
and, btw, we just had a blowout Q1--before the massive revenues to come.
no one (at least, not me) is peeing in our cereal. I haven't said a negative word about MJLB or its future. I've mentioned things that can be done to get the stock price up that management themselves said in February. I've said that the share price has been stuck at an incredible--unthinkable two months ago--low price. We don't need nor should we expect a miracle--a deus ex machina in the form of FPInnovations--to come and save the day. Something can and should be done right now to get things back to some semblance of reasonableness. I can't do anything. I wish I could. I suggest things that others could do. Shouldn't someone that can do something about this misery have thought about what to do to about it by now? Is that peeing in my cereal? If I thought this was a speculative stock play in any way, I wouldn't be upset. That's just how the OTC works. But this isn't speculative at all--it's real--and the payoff is huge and right in front of us. Why is the share price staying at these insanely irrational and intolerable levels?
If they have a PR department, why doesn't someone go on a news show (radio or television) and talk about the upcoming mandate? It's very newsworthy!! Extremely so, especially with the ELD certification problem. They need to get their message out to the investor community. They need visibility. Isn't this a great opportunity to make lemonade out of lemons?
so why aren't there as many--far more--buyers at 5, 6, 7, 8 cents? that's how stocks move up, right? more buyers than sellers? We're down another 11 percent!!! As if the price wasn't low enough at yesterday's close.
there was real outrage here when the stock price fell to 10 cents, and then dipped to 9 cents but would quickly bounce back. That was in March, and it was real and understandable concern. It's now the week of the mandate. I don't understand why everyone seems so calm and understanding of this miserable situation now that the price has been stuck at 6 cents for weeks and weeks now. I would think you'd all have a lot more sense of urgency and disappointment with those who can actually do something about the situation.
so, and this is an honest question, why isn't anyone buying at 6 cents? 7 cents? 8 cents? something is terribly wrong. what is it? no matter how hard I try, i can't figure out the answer to this question (and believe me, I've been thinking about it constantly).
I'd love to see a tweet like this: "Hang in there shareholders, big news coming soon. Stay tuned."
Feb 2, 2021: "Company management is working hard each day to provide value to our shareholder's wherever possible. We will continue to look all options as the year progresses including possibly reducing more outstanding shares or whether a share buyback and or dividend makes more sense."
As the stock price plummets (remember, it was 7 cents before the share retirement), MJLB AND ITS SHAREHOLDERS (I might add) are being held hostage by FPInnovations, but there's nothing management can do about that. But they can do something about the share price. For instance, they can be proactive and reduce more outstanding shares. They said they would continue to look at all options to provide value to their shareholders. Come on already. The stock price is in the 5-6 cent range and has been dropping for four months straight. June was/is supposed to be huge for Ultrack. Give shareholders some value, right now.
every time...we're a happy company, innovating the world, making it a better place to live and grow wood. We also certify ELDs in our spare time...but there isn't much spare time when you're making the world a better place.
I do work for them. I wrote the "Living with Wood" page.https://web.fpinnovations.ca/wood-products/living-with-wood/
It was originally a page about morning living, but they didn't approve.
What? are we supposed to be doing something?
Okay, now that Saul is gone I can reveal that I'm actually an FPInnovations employee...
I wouldn't want to inconvenience them with my twaddle (I can do that here :)
"Hello, FP, we're so very sorry for causing you any grief...we just thought, maybe, if it's no trouble for you, of course, maybe you could inform the public of what you're doing...of course, if it's no inconvenience to you. We wouldn't want to cause you any grief or trouble. We're just worms, who invested in a company whose stock share has dropped needlessly by 70% because of your incompetence. I mean, you did promise to have this ordeal over in 4 to 6 weeks. And that was in February. But, like we said, please excuse us for asking you these very personal questions about a Canadian mandate that scheduled to take effect this Saturday, for which you--and you alone--have sole responsibility to ensure that the mandated devices are certified. But I'm getting carried away here...you're probably perspiring now from my questions...I can sense you're getting tense just having to listen to my feeble thoughts. You and your kind--such supermen and women--uber people, in fact--how dare we speak or confront you. So sorry to have troubled you. I'll hang up now, no need to answer me. You just go ahead and continue to innovate and make the world a better place."
But aren't we talking chicken feed at these prices? Bid? Ask? Who cares? I just hit the Ask because it serves everyone's interests, including mine.
It's funny that you think that they're going to answer you. But best of luck with it, of course. That aside, the unmitigated gall of FPInnovations to act like we're troubling/bothering/messing with them and not the other way around!!!
no one here can or will buy 29k shares at .0628. What a pathetic statement.
The ones who would most likely know when certification is expected are the truck fleet owners. They're the ones who have been calling the vendors and asking: "when do you expect your device to be certified?" The vendors are probably providing them with rough estimates. The point being that there must be some clarification on the street about timing. The ones that most need to know are the truck fleet and rental car owners.
I think that a new government contract will be awarded to each ELD vendor who has suffered business losses from this dysfunctional process. It would be a nice way for the Canadian govt to compensate the vendors who played by the rules and have gotten burned. It could also explain the silence.