sure, but the incredibly low volume suggests to me that the dropping share price is mostly due to impatient sellers and no big buyers.

If I contacted the CEO and he gave me private information about the certification process or anything else, he would be committing a crime. I just want relevant information made public for all shareholders and future shareholders. We're all on the same team here. MattyBS is spot on when he says: "Market clearly does not think, "big things" are imminent, otherwise SP would have some markers of expectation." I think the market is wrong, but the CEO has to spell out why, now.

This is hardly supposed to be a "quiet time" for MJLB. June 12th is showtime. We had massive contracts announced on Feb. 11th. None since. When is it time to get "antsy"? When the share price is under 3 cents? 2 cents? We deserve a shareholder update. Period. No excuses. No one said anything about selling the stock or when to sell (those decisions are up to individual shareholders). And I don't need the CEO to tell me that there is a government website where certifications will be posted. I think we can find that information on our own.

I'm still 100% behind the company and believe the share price will well exceed 20 cents within a month. I also believe in management. But I'm frustrated right now with their reticence about certification and contracts. When your stock is trading at under 7 cents (roughly 5 cents pre-retirement of shares), it's high time to make positive announcements about certification and contracts. We need a positive surprise and have waited three months now. The time for patience is well past.

They said that they expected the product to be available before the summer. I didn't interpret that as referring to certification. I'm assuming that they need several weeks after certification to actually produce the certified ELD that they're going to sell. Otherwise, it would be a pretty risky business to simply assume certification and go ahead with production of the ELD. Let's say they had mass produced the ELD prior to finding out that certification would be delayed. Those products would be junk now, right? Anyhow, it's all besides the point. April 20th (or thereabouts) to June 20th is two months. The entire process was estimated to be 4-6 weeks. Bottom line: inform shareholders where the ELD stands in the process AND sign some contracts.

I keep asking myself: how could the Canadian govt demand in mid to late April a change in the testing protocols that would require a month or more of hardware/software revisions to ELDs -- devices that had, until then, met the prior certification requirements and were ready to be announced as certified? The unmitigated gall of whomever made this decision astounds me. And we still haven't heard a peep about what this change was all about. Why did it require hardware revisions? How extensive are they? What was so damn important about this new protocol?

They didn't say "before summer"; they said they were going through with the pre-summer product launch. But let's assume that they did say "before summer." Before the summer is anytime before June 20th. We were supposed to have certification by April 15 (that was 6 weeks after ELD submission). So you're suggesting that more than a two-month delay for a process that was estimated (by no less than the people conducting it) to last 6 weeks is acceptable? And we don't deserve an update? Seems simple to you? Simple to you that the ELD will be certified AFTER the June 12 mandate?

A process that FP Innovations said would take 4-6 weeks has now been delayed almost 4 weeks. And this is called a "slight-speed bump." I'd like to see what a significant delay looks like. But, okay, fine. Just please tell us where we stand in this process. Do we expect certification next week, the week after, when? Have we resubmitted the revised device to FPI or not? Don't we have a right to know?

if we know that the stock is going to 50 cents (at least 30 cents), why does it matter if you buy at .065 or .07? Seems like awfully small potatoes, no?

"This delay is not unique to Ultrack as it is due to a reformed testing protocol outside of the J1708/J1939 mandate. Therefore, Ultrack is making the hardware/software changes and will submit the updated DrivelineELD for certification

it's being revised by Ultrack to meet new testing protocol. I imagine(d) that MJLB will tell us when they've resubmitted it.

it's not in their hands. not yet, anyway. if it is, that's BIG NEWS!

Certification of J1939-CANBUS. When? Why isn't this being mentioned in the tweets? It's what's holding everything up. It's the 800 lb gorilla. Why can't we get an update about the hardware/software revisions.

We need a CONTRACT! It's the sine qua non. Why has it been so difficult to make and announce one contract since February? We know that they're coming in bunches, so why not now. Just one. Pretty please.

why oh why doesn't the street see what we see? They have the same information that we have. Surely they see contracts pouring in soon (this month). One PR after another of good news. Why don't we run a little? how can we be stuck in the .06s--a share price I never thought we'd even approach after January?

I bet they're setting up appointments with clients, many of whom will sign on the dotted line before leaving.

that sound good! Calls are coming in!

someone has been buying for three months. when will they step in and buy? two or three million shares bought on the ask and it would be at around 10 cents.

Time for some good news...it's been a while. I'd like to hear something already. anything. an update on certification. anything.

let's raise our expectations! These are exciting times for MJLB. We've been waiting for three dead months (Feb, March, April) to get to May 1. Now the pre-summer product launch is in full swing! We have every reason to expect big things every day now. The wait is over...the party begins.

CEO needs to announce unexpected good news to get the whales to stop sleeping on this stock.

very low volume today. I don't think MJLB will climb so much as explode on news of certification and contracts.

okay, everyone acknowledge that we just witnessed a miracle. I'm going to walk this earth now...

how weird. I'm listening to T Bone Walker!! How coincidental is that?

Sale on Aisle 4: MJLB for 7 cents. Will be trading for 50 cents and above in June.

7 cents anyone? 7 cents? jeepers creepers...

An update isn't going to cut it. We need to hear about contracts or a share retirement or both. We've been stuck in an alternative universe for two months (generously speaking), where the concepts of buying, oversold, and relief rally have no meaning. It is high time we exit this universe.

I haven't sold a single share and have no plans to do so. But the time for patience is long past. Three weeks ago, patience ahead of certification? Sure. If we were still trading above 10 cents, patience? Sure. But we're at 6 cents and still there's no one buying. Let's go sales department! Or else let's have the second installment of the share retirement. But please, already, give the poor but loyal shareholder a break.

https://ih.advfn.com/stock-market/USOTC/ultrack-systems-pk-MJLB/stock-news/84310871/ultrack-announces-two-new-contracts-with-high-end

He did so on Feb 11th. But let's assume that you're correct and he changed his mind about this policy. Okay. But can't you say on Twitter: "We've decided that we will no longer announce pending contracts. Our silence on these matters should not be interpreted as a sign that we have not been busy or successful at making sales."

Ultrack must announce pending contracts right now. You create an industry disrupting ELD, take out ads for it, do front page stories on it, and move to Calgary where the truck fleets reside for one purpose: sales. Let's start announcing them. It's been three months to the day since we announced one.

So what the Canadian govt in its great wisdom has created with this new enforcement approach is an environment of tremendous uncertainty. What will be its consequences for MJLB? I don't think it will be that most (or even a large proportion of) companies and govt agencies put off buying ELDs. In an environment of uncertainty regarding enforcement but also knowing that strict enforcement is inevitable one year out, I expect them to go ahead and install the devices sooner rather than later.

You can't, indeed, but that's just what's happened. They've let the certification process drag on and on and on, knowing that June 12 was hanging over their heads. Rather than speed up the certification process to ensure it is consistent with the June 12 deadline, they chose to grind it to a screeching halt with nonstop revisions to protocols, etc. Bottom line: they're not going to strictly enforce the mandate for 6 months. Not a big deal in terms of its effects on ELD sales, but it sure has heck wrecked our share price for the time being. We should be soaring right now -- three weeks into sales of certified ELDs. Instead, we're in limbo. I wish our CEO would clear up the situation with an update.

MJLB hasn't made a single misstep in the past three months--quite the opposite. Opening the office in Alberta was key, IMO. Yet, the share price is down over 60%. We're going to soar. Certification will come within the next three weeks, if not sooner. Why there hasn't been a hint of a runup or greater volume mystifies me. I'm chalking it up to "life isn't fair"--truest words ever spoken.

The MJLB difference: how many micro-cap companies going into a major product launch--their first--retire 1/4 of their outstanding shares? 99 out of 100 would have gone the other way: diluted at their shareholders' expense. One of the many qualities that puts MJLB in a class by itself.

GM all. Even with the 2-month lull, we should still be above 10 cents given all the catalysts MJLB has in front of it. That said, it amazes me that, rather than the mandate determining the certification process (its extent and length), the Canadian govt allowed the certification process to determine the mandate, whether it will be enforced immediately or not. Talk about the tail wagging the dog!

I'm hoping that MJLB announces something this week that lets investors know that it doesn't pay to sleep on this stock.

Someone on another site posted this incorrect (as far as I know) information: "I read that ELD Certification is not expected until "summer" and, technically speaking, summer doesn't start until June 20." Has anyone heard anything to support this expectation? I'm thinking more like two weeks.

I think you mean p. 22, where it says that the ELD mandate has been postponed. I think that this is wrongly worded and must have been written a month ago. The ELD mandate won't be strictly enforced but the mandate still exists. Here's a story about it and Transport Canada and FP Innovations websites, which both maintain that there is a June 12, 2021 mandate:

https://www.freightwaves.com/news/canadas-fast-approaching-eld-mandate-wont-be-enforced-at-first

https://tc.canada.ca/en/road-transportation/electronic-logging-devices/electronic-logging-devices-commercial-drivers-motor-carriers

https://web.fpinnovations.ca/certification/