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I don't know what it's going to take to drive this share price up. Great quarter, terrific balance sheet, certification coming soon (a matter of days or weeks at most), massive ELD contracts to follow, a government EV-related contract in June, expansion via new offices in the US and abroad this summer. What more does the street want from this currently small OTC stock with a tiny market cap? How much future growth must it show before it goes up? How much smoother does management's execution of its game plan have to be? We all win, with the exception of the irrational shorters who have dominated this stock for way too long and without reason, when the share price rises.
If you haven't done so, check out Jake's terrific reply to my question about certification last night. You might be surprised, like I was, by the movement of the share price in response to "good news" and updates on the EDL via PRs. It has been very cautious, at best. I think this time will be different because they'll be finalizing massive contracts. We'll see. One response: I've been assuming, maybe incorrectly, that the wording in the last PR---specifically: "Ultrack contacted FP Innovations recently and was informed that the Company should expect a delay on the ELD approval."---implies that they contacted FPI a week prior to April 29th (when the PR came out), which would have been a week after they would have expected to get certification. I don't think that Ultrack would have waited two weeks after April 15th to contact FPInnovations. But I'm just guessing; maybe Michael was very patient and waited the two weeks.
I would love to hear the opinions of Jake and/or Robostock regarding why they think MJLB's mgmt has been so silent about certification-- about where their ELD is in the process? has it been revised and resubmitted to FPI? Why the silence after more than three weeks? I'm guessing they were informed of the delay shortly after April 15th, when Ultrack contacted FPI and was informed of the delay, so they've had more than a month to address the problems caused by the new testing protocol. Why on earth wouldn't we get an update of progress made so far? Why wouldn't they inform shareholders and investors on the sidelines that they've resubmitted the device? It would quell the unwarranted fears of many investors that certification will never come.
I've been going over these press releases for days now. The EV-June government entity contract seems most exciting to me. But it all doesn't seem to matter one iota with respect to the share price. For that, we need an update regarding certification or another big contract or a second installment of retired shares or, better still, all of the above. I suppose we can keep bleeding 6-10% a day until certification. But it's both: (1) unnecessary (since a simple update would do wonders for the share price) and (2) harder to get the share price to 50 cents (much less, one dollar) when you start the rally at 4 cents rather than at 16 cents, which is where we should be right now given the fundamentals. All this suffering seems entirely unnecessary. This is a terrific company but it's been a terrible stock for the past 2.5 months.
we need more clarity on certification or else we go down 9% every day. And, by clarity, I don't mean: "We're doing everything we can to achieve certification." A murky statement like that would be a disaster.
I, for one, would prefer less government regulation as a general rule. I don't need big brother telling me how and when to spend my money. Uncle Sam simply wants his hands in your pockets when you're making money. I've seen the list of stocks that you won't be able to buy anymore. It's a long list, to be sure. But I've never heard of any of them. They're pathetic shell companies. There will remain a ton of junk out there that won't be affected, and that's fine with me. Heck, if you can make money on a scam, why should the government prevent you from doing so? If you lose money on a scam, that's your problem. Once they start regulating, they don't stop. All the government wants is your money. Don't kid yourself. The SEC isn't doing you any favors. I saw Ritchie Torres (D-NY) on Maxine Waters's Financial Services Committee ask the following question: "Do you know that there are investors out there that have lost over 90% on their investments?" He actually asked the question because he thinks people shouldn't be responsible for their decisions. If the Dems have their way, they will ban retail traders (that's the little guy) from investing in the OTC market. They already want to raise capital gains to 43%. Soon it will be over 50%.
My point is that they have the goodies right now, they're just not releasing or broadcasting them in an effective manner. That's why it's trading at less than a million shares a day when it should be 5-10 million every day. Why not have a press release that tells the investing community (not just us who follow their Twitter account--after all, no need to preach to the converted) about your blowout quarter, positive developments and timing regarding certification (which is everything right now), and huge expectations for this quarter and the rest of the year? But alright, I can see that complaining about a constantly dropping share price of a stock that should be soaring right now is a waste of time and only gets under people's skins.
To answer your assumptions:
1) I have over 20 years of experience trading with the OTC markets
2) In Feb, MJLB didn't suffer a beat down, it was up big time on great news. That's when I started buying it.
3) I agree that the fundamentals are terrific
4) My energy is focused in the right direction: we deserve an update on certification and where we stand. Where should I focus my energy if not in that direction? At MMs?
5) "almost all great OTC runners took a beat down in Feb." I'm looking at lots of OTC stocks, and most are up significantly since Feb. I know that there's lots of junk that wasn't held up by fundamentals, and it deserves to be down.
But MJLB is a terrific company with great fundamentals, and, most important, this is its TIME, so to speak. You couldn't ask for a better time to own the stock than right now heading in to the mandate.
Finally, I never said, btw, that I don't like management or don't believe in management. To the contrary, MJLB's expressed concern with shareholders and the value of the stock was one of the primary reasons why I bought 4 million shares at more than twice the price that the stock currently trades at. I'm very confident that I'll make a great deal of money on that investment.
Good luck in your investments as well.
Nothing personal
A month ago, Ultrack was informed that ELD approval would be delayed due to a reformed testing protocol outside of the J1708/J1939 mandate. As a result, Ultrack had to make hardware/software changes and will submit the updated DrivelineELD for certification. Okay, here's the question: Does silence on this issue for over three weeks now inspire investor confidence or dampen it? What do you think?
okay, so everyone is happy here. no need to change anything. no need to hear about the certification process and where MJLB stands. Okay, great to see so many satisfied people. no one seems upset or feels that anything can be done about losing 5-10% a day. Sorry to bother you. One question: when will you be displeased? how low does this truly fantastic stock (no sarcasm here, we absolutely agree on this fact) have to go before you question the way things are being handled? When will the alarm be tripped, so to speak, for you? 3 cents?
For the past two months, sellers have been making a calculated bet that there will be no news the following day (or anytime soon) about either certification, new contracts, or share retirement. If so, then the share price has predictably dropped another 5-10%. Mgmt has to make this predictable situation less predictable. The story of this stock isn't the future (though it is incredibly bright). This isn't a small biotech company with a Phase I trial to show for itself. We're talking about massive contracts in a few weeks. The future is now. Any talk about potential is a disservice to what we own here.
they just had a blowout quarter that few expected. This quarter they expect to sign massive contracts--imagine what a blowout quarter it will turn out to be! Why didn't they do a press release announcing the good news? with an update on certification? Twitter hasn't worked. Why announce in a PR that you finalized manuals but not that you had a blowout quarter and expect a much, much bigger one next quarter? might such a PR stop the bleeding? I would hope so. If not, isn't it worth a try? And how about that share retirement? If not now, when?
"what we have here is a failure to communicate"...(MJLB:the best kept secret of an OTC stock on the market today)--if mgmt would say: "we expect our ELD to be certified within the next couple of weeks," the stock would run up ahead of the announcement rather than continue to drop. Which direction would you prefer to see?
right! MJLB is a monster stock and it should be trading 10-20 million shares a day on the upside. It's the best kept secret on the OTC. But its been down virtually every day now for two months. This is ridiculous. We need an update on CERTIFICATION OR A NEW MASSIVE CONTRACT! Someday is not an answer right now. Someday we'll all be dead. We've suffered long enough; it's time for a positive update on certification or contracts. There is no reason on this green earth for this stock to be trading down every day (often 11%) without any volume. It's not the fault of manipulation. It's impatient sellers and no buyers combined with a low float. It could all be fixed in an instant. And, btw, why shouldn't we expect certification today?Is there anyone that is certain it won't be today? If so, what do they know that we don't?
respectfully, how is it a game-changer for shareholders when we remain under 7 cents?
we remember but they owe MJLB another one or two for what they've put us through. the audacity and sheer stupidity of them to let the certification process dominate the mandate rather than the other way around.
one positive update on certification would boost the share price more than news of all the apps and finalized manuals combined. If there is some kind of gag rule about certification, okay, just tell us. Otherwise, this silence after more than a month's delay is inexplicable. There is no doubt that certification is coming, and coming soon. But obviously the whales have their doubts. Why else is MJLB trading in the 6-7 cent range--a range that seemed unthinkable in March. Why else would the volume be this anemic three weeks ahead of the June 12 mandate. So please Michael speak about this all-important issue. You saw what happened when they released the good news quarterly report--we jumped from .052 to .082 in less than two hours. Silence and a lack of transparency on certification is killing the share price and putting up an impenetrable wall on the upside. It's completely irrational that MJLB is trading at 6-7 cents in late May. We need an update on the main obstacle (a fake one at that) to success.
one positive word from Michael about certification and we'll take off. a new contract announcement would be even better.
absolutely. and you're going to triple your money easily on that purchase.
The Canadian government owes (yes owes) MJLB another contract or two for what it has put it and its shareholders through these past six weeks.
yes, I'm not selling here. Anyone who sells here or anywhere under 20 cents is a fool. But why the silence regarding certification? Why is everyone including the CEO ignoring it? We're over a month now away from the time MJLB was supposed to get it. How could we hear two weeks after April 15th that we would be delayed by a testing protocol? And what a delay it has been! We're told that the delay will be as long as the entire process was expected to take!! What could have been so important that they would allow it to obliterate the June 12 mandate? Why didn't anyone think of it prior to April 15th? What the HECK was it about? We still don't know. Why does it require HARDWARE revisions? Have we resubmitted the device to FPInnovations? Why aren't these questions being addressed?
everyone keeps expecting a big day. It's simply not happening until we get Certification and/or Contracts. It's not fair or rational. But that's the way the street is telling us it is. This is a fantastic company, whose financials and future are worthy of a 30 to 50 cent stock right now. Not later, right now. But it ain't happening until we hear something positive about CERTIFICATION and CONTRACTS. Why the silence? It's been over a month since we should have received certification. It's the 800 lb gorilla that no one is even talking about. Why the silence?
This is the best stock to buy and own right now. Period. There is nothing close, IMO. The risk/reward ratio is off the charts. No risk of dilution; but rather the opposite: a promise of more share retirement. The entry price couldn't be better. It's all so darn simple. We have major (huge!) catalysts in the weeks ahead. The market cap doesn't at all reflect the growth and sales that we'll have this quarter--yes, this quarter not next year or five years from now (like most OTC stocks promise). Right now. Where can you put your money to work that will yield more short-term and long-term reward at less risk? Nowhere. Period.
A shareholder update would be nice--one that explains all the great things that have been achieved already, all the great things that have been done logistically over the past three months to position the company for tremendous growth starting next month, when precisely ELD certification is expected, what kind of growth is expected in the immediate post-certification period (quarter/rest of year), and when US (and global) expansion and offices will be opened. He said that there might be another government contract (with a state other than Canada) during the summer.
it's like we're on a plane circling an airport and we're being told everything except when we expect to land and why we've been put in a holding pattern in the first place. I don't understand it. It's totally out of character for MJLB's CEO, who always keeps us informed.
Again, repost of JakeFromSF's post from last night:
JakeFromSF Member Level Monday, 05/17/21 08:07:43 PM
Why I am excited about Q2 after release of Q1 details:
Note: Q1 covers January 1st - March 31st
1.) Contracts with 2 high end car rental companies on February 11th. Doubtful they gave us the full payment of the contract upfront so keep an eye out for future revenues from these contracts. https://backend.otcmarkets.com/otcapi/company/dns/news/document/46961/content
2.) March 12th our J1939 becomes available for purchase. "This product is specifically designed for the non-ELD fleet industry that still want all the data an approved ELD device provides."
$MJLB’s j1939 device is in final software testing phase and will be available for sale by Friday. This product is specifically designed for the non-ELD fleet industry that still want all the data an approved ELD device provides. Updates on our official approved ELD coming soon.
— Ultrack Systems Inc. (@UltrackI) March 10, 2021
— Ultrack Systems Inc. (@UltrackI) March 22, 2021
and we upgraded our server on March 30th "to 2-xeon 8 core 16 thread cpu's 128gb ecc ddr-4 ram"Manuals in! pic.twitter.com/wD02Gm9STp
— Ultrack Systems Inc. (@UltrackI) April 5, 2021
to 2-xeon 8 core 16 thread cpu's 128gb ecc ddr-4 ram to meet the demands of the ELD launch in the coming months. More news to come this week!
— Ultrack Systems Inc. (@UltrackI) March 30, 2021
$MJLB We have always had an app for tracking your phone We now have an app for seeing your fleet via phone/tablet. This will be a great service for our clients and adds to the complete package we provide. pic.twitter.com/kt7GE3Tpvo
— Ultrack Systems Inc. (@UltrackI) April 19, 2021
$MJLB Just received approvals for 2 Android and 1 Apple app on the Apple store and Google playstore.https://t.co/GsbBVMXL6Chttps://t.co/91I8YJMK0t
— Ultrack Systems Inc. (@UltrackI) April 30, 2021
Dear Michael
— Ultrack Systems Inc. (@UltrackI) May 17, 2021
The following app has been approved for the App Store:
App Name: Ultracker
App Version Number: 1.0
App Type: iOS
App SKU: ca.ultrack.ultracker
$MJLB Our second Ad in Canadian Trucking magazine will be out this weekend. Response has been very good and the calls are coming in. Expecting Apple approval this week on our Ultracker iOS app. Setting up our sales force in Ontario and Calgary and possibly Atlantic provinces.
— Ultrack Systems Inc. (@UltrackI) May 11, 2021
only a village idiot would be selling at these prices.
incredible all the optimism today when we're down over 16%. We should be up 16% and optimistic. We will be soon. But the lack of volume and buying is incredibly frustrating. most OTC stocks are selling total pipedreams and their market cap and daily volume are four times that of MJLB, which is a true GEM among fool's gold. yet, it's being treated like a small biotech company that failed its only third stage drug trial.
we need volume, we need buying. for that we seem to need transparency regarding the certification process (where are we?) and/or a new contract or two. That's all I'm saying. I thought that the news yesterday would push the sp above 10 cents today. it should have, but it doesn't look like it will.
the price action and volume today suggest that the street wants certification before the whales return. What in the world could the new testing protocol be that a 6-week process has been delayed 5 weeks already and pushed that much closer to the June 12 mandate? It's just crazy that we don't know anything about this. As I've said before: certification and contracts are the sine qua non for MJLB's rise. I wish I were wrong. I wish that the whales would see that it's just a formality and get on this bandwagon. but it just won't happen. All this talk about parabolic movements and charts and everything else is just moot. Contracts, certification or both. Got to hear about them.
i think that certification is coming any day, any hour now. It's been about a month since MJLB was notified of the new testing protocol. that seems like enough time for a slight-speed bump. the total silence on this matter indicates to me that there must be a gag rule of some kind--maybe to protect FP Innovations from being inundated by stock investors with inquiries, etc. It just seems unnatural and out of character for our CEO not to even mention where we are in the process. It's late May, I think we must be very close.
still not a word about certification. do you think everyone in the process is now under a gag rule? seems that way to me.
volume is key right now.
grab the sevens while they last. Any fool knows this isn't a 7-cent stock, it's not a 14-cent or a 21-cent stock either. But anything bought in the
7-cent range means you triple for sure.
we should be trading over 1.5 million shares so far. that said, the party on the downside is over. there's only one direction left--upwards.
next quarter will show growth in the 4000 range or more, IMO. All this happened before we had certification, before the massive contracts were finalized. The lack of volume so far today and the bid are jokes.
GM All. I think it's important to repost JakeFromSF post. Here it is:
JakeFromSF Member Level Monday, 05/17/21 08:07:43 PM
Why I am excited about Q2 after release of Q1 details:
Note: Q1 covers January 1st - March 31st
1.) Contracts with 2 high end car rental companies on February 11th. Doubtful they gave us the full payment of the contract upfront so keep an eye out for future revenues from these contracts. https://backend.otcmarkets.com/otcapi/company/dns/news/document/46961/content
2.) March 12th our J1939 becomes available for purchase. "This product is specifically designed for the non-ELD fleet industry that still want all the data an approved ELD device provides."
$MJLB’s j1939 device is in final software testing phase and will be available for sale by Friday. This product is specifically designed for the non-ELD fleet industry that still want all the data an approved ELD device provides. Updates on our official approved ELD coming soon.
— Ultrack Systems Inc. (@UltrackI) March 10, 2021
— Ultrack Systems Inc. (@UltrackI) March 22, 2021
and we upgraded our server on March 30th "to 2-xeon 8 core 16 thread cpu's 128gb ecc ddr-4 ram"Manuals in! pic.twitter.com/wD02Gm9STp
— Ultrack Systems Inc. (@UltrackI) April 5, 2021
to 2-xeon 8 core 16 thread cpu's 128gb ecc ddr-4 ram to meet the demands of the ELD launch in the coming months. More news to come this week!
— Ultrack Systems Inc. (@UltrackI) March 30, 2021
$MJLB We have always had an app for tracking your phone We now have an app for seeing your fleet via phone/tablet. This will be a great service for our clients and adds to the complete package we provide. pic.twitter.com/kt7GE3Tpvo
— Ultrack Systems Inc. (@UltrackI) April 19, 2021
$MJLB Just received approvals for 2 Android and 1 Apple app on the Apple store and Google playstore.https://t.co/GsbBVMXL6Chttps://t.co/91I8YJMK0t
— Ultrack Systems Inc. (@UltrackI) April 30, 2021
Dear Michael
— Ultrack Systems Inc. (@UltrackI) May 17, 2021
The following app has been approved for the App Store:
App Name: Ultracker
App Version Number: 1.0
App Type: iOS
App SKU: ca.ultrack.ultracker
$MJLB Our second Ad in Canadian Trucking magazine will be out this weekend. Response has been very good and the calls are coming in. Expecting Apple approval this week on our Ultracker iOS app. Setting up our sales force in Ontario and Calgary and possibly Atlantic provinces.
— Ultrack Systems Inc. (@UltrackI) May 11, 2021
I've seen OTC stocks go up 50% on the announcement of a new board member. Ultrack grew at over 550% growth this quarter before it was given the green light to finalize massive contracts. C'mon street! Let's rally to a realistic price.
MJLB will be first out of the certification gate! Then, contracts will come as easy as shooting fish in a barrel.
MJLB will be first out of the certification gate! Contracts will come as easy as shooting fish in a barrel.