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we need positive news, e.g., contracts (they announced them in February, why can't we expect another one or two or more in May during the product launch?) or share retirement. otherwise, we get more of this...
I, like most on this board, envy your entry prices (incredible!!). That said, I like my 1955 Telecaster a hell of lot more than that 5-headed monstrosity on your logo :) yeeeeeeesh!!
absolutely, I never suggested otherwise. Indeed, I think he is partly referring to the Canadian govt when he says that they're waiting for "others to do their part." Don't get me wrong: I believe in this company. But it's stock has been massively underperforming for months. The not entirely unexpected delay (given the Canadian govt's involvement), would be essentially moot if they would announce a contract or two. Why this hasn't happened in three months floors me. They're selling first-to-market, disruptive technology regarding a "mandated" product come June 12. Let's go sales department, roll up your sleeves and do some work.
the sales people have some explaining to do. If Ultrack would hire Robostock and Jake (pay them in shares!), we'd already be at a dollar
the current share price is an insult to our collective intelligence.
btw, I did notice some anger/frustration from Mike when he says: "We are doing everything we possibly can to ensure approval of the DriveLineELD and are simply waiting for others to do their part."
no, it's a "slight speed-bump," according to the CEO. i certainly didn't mean to imply that the process will start from the beginning. not at all. but the revised product will have to be (re)submitted for certification to FPI. I imagine there will also have to be some change to the "finalized" manual.
and they should all buy MJLB right now--a .0709 entry point is as good as a license to print money (well, almost as good :)
the last PR on April 29:Ultrack Provides Update On New Flagship "Ultrack DriveLineELD" Product
since no one is answering, here's my take on it: i think that the device will be resubmitted by the end of this week. FPInnovations will fast track it and we'll get certification by May 15--a delay of one month after it should have arrived on April 15. Meanwhile, Ultrack will proceed with the product launch--ads and signing new contracts--as if the device were already certified. That's why I'm expecting news of pending contracts. In the meantime, a retirement of 50 million shares would be a nice reward for shareholders' patience these past three months.
they have to do hardware/software revisions, hence the delay...(see bold below)
Ultrack contacted FP Innovations recently and was informed that the Company should expect a delay on the ELD approval. 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.
does anyone have an educated guess as to when they will resubmit their DriveLineELD product to FP Innovations for certification?
I wonder who's so desperate to unload 500k shares at .07?
576k on the last trade. the volume is back. and that's key.
It's May, finally! The pre-summer launch has officially begun. Expecting PRs about new contracts--a series of them would be sweet! Buckle up.
WOW!!!!! Many thanks to Robostock and Jake for their dedication, generosity and willingness to share, and sheer brilliance in execution!!!! You're the best!
agree with you, as always!
i'm counting on that. but here's my point: those of us who starting buying after the Feb 11th announcement of the two big pending contracts had EVERY reason to believe that more contracts would be announced between then and now. At least, 4 or more. One would have been nice. Now, if they suddenly changed their minds about announcing pending contracts because they didn't want to jeopardize them or have the companies badgered, well that's fine for them (but how would anyone know who the entities are anyhow?) But how about us? How can the share price do anything but drop precipitously when you don't announce contracts for 11 weeks during what appears to be a lucrative time for selling ELDs? Don't get me wrong, I'm not saying that Ultrack isn't signing contracts pending certification. And I'm not bashing the company. But here we stand at .073--down from .17 two months ago (I'll not count the .26, which could have been momentum and nothing else at that point), and still no mention of sales. It's frustrating. Whatever the new rule is, it's not been good for shareholders, who have suffered tremendously for no good or predictable reason.
sure, no problem. it's just that when people post wrong information, such as: "They said end of summer. Sounds like late August to me," or make predictions like, "I don't think it will go sub-penny," it's not helping the situation any. And still 23,800 shares remain un-bought at .0725.
you "don't think it'll go sub penny" -- wow, that's comforting, that's a ringing endorsement.
I'm waiting...15,800 shares at .0725 have been sitting there for an hour and still haven't been bought. talk, talk, talk, but no buying. I've got my 4 million shares, I can't buy anymore.
then buy it already!
they didn't say end of summer--where did you read that? they said the summer launch was still on. C'mon now.
so you think that they don't have any pending contracts that they haven't yet announced? that would be strange. why two big ones prior to Feb 11, and none since (11 weeks later and 11 weeks closer to June 12th)?
i'm extremely positive about the future of MJLB, and I've put a ton of money on it. So I ask: why haven't they announced a contract since Feb 11th? They don't have to tell us the details or name the company (they didn't on Feb 11th). it just makes no sense to me that, with (1) Ultrack's experience and good name among truck fleets, (2) the recent advertisements, and (3) urgent need for truck fleets to get ELDs, it hasn't been able to secure pending contracts since Feb. 11. if the share price had held somewhat (heck, above 10 cents), okay, maybe it pays to keep mum about it. But we're trading at catastrophic levels. We need good news--we need to bring the buyers back in. it's very unfair to MJLB's shareholders to go 11 weeks without announcing a single contract, especially after having announced two very big ones.
in a month, people will be scratching their heads and saying: "...remember when this was 7 cents and there were no buyers?"
10 weeks of downward drift. for crying out loud. it seems like no price is low enough (we're trading at around .04 pre-retirement of shares) to satisfy the street. enough is enough! We simply need news of a contract or something to get this thing going up. this is a real company with a terrific future. We don't deserve this!!!
i think it will be in the 50s and above. certification will take it to the 20s; pending contracts that are finalized will get us to the 40s; and then new contracts announced -- maybe one or two a week in the beginning-- will take us to 50 cents and higher. Small float and huge volume will certainly help. Imagine when this is trading 20-100 million shares a day!
the problem is that we haven't had any obvious GOOD NEWS since February 11. PRs about hiring PR firms and finalized manuals are fine and good--and they will help the company to reach its goals. But we need to hear something that is incontrovertibly positive and substantial. A share retirement or contracts would turn this around in a hurry.
that would be ridiculous. this stock has been treated as if it were a small biotech company that failed a third-stage trial. And it's nothing of the sort. MJLB has done everything right. Anyone can see the strong catalysts straight ahead of it. certification is a sure thing--there has been no indication otherwise. then sales will be like shooting fish in a barrel. One PR after another will shoot the share price upwards.
I think this stock has been punished enough over the past two months. We're down 65% or more. We have a short delay--how much more should we suffer? On the bright side, any weak hands will certainly be gone after today; only strong longs will remain. We desperately need the whales to come back and start buying. Share retirement would do the trick.
any guesses as to the closing share price today? I think Mike should announce another share retirement that he suggested would happen before the end of the year. If not now, when? He called the one in January the "initial retirement":
Ultrack Systems Successfully Retires An Initial One Hundred Million Outstanding Common Shares
from your lips to god's ears...
AGREE, AGREE, AGREE. BUT WHERE ARE THE BUYERS!! Do the concepts of "buying" and "oversold" still apply in this world? I'm beginning to wonder. The future starts right now for MJLB. The summer is weeks away. C'mon BUYERS--where have you gone?
I'm fuming over FPInnovations. If they have to work weekends and 20 hour days to get certification done, do it! The mandate for ELDs is June 12th. How is that date feasible when there are zero certifications of ELDs by April 29th? There is no excuse for this, none.
talk is cheap right now, and the CEO has found that out. we need certification and contracts. management is under a gag rule about those two crucial things right now. I'm sure Michael is champing at the bit to tell us what he knows, but better to be silent and wait for the appropriate time. IT'S EXTREMELY FRUSTRATING FOR ALL OF US.
when it goes up, it will erase these losses with lightning speed. the key now is not where we are, we've already suffered that pain, but rather where we're going.
blame FPInnovations and the Canadian govt. Nothing can happen of any significance without certification. That said, I believe that Ultrack has gotten certification but can't announce it until it's made public. And it can't be made public by FPI and the Canadian govt until everyone else who's applied for ELD certification gets through the process (some will pass, some might fail). But, IMO, they're just not going to announce Ultrack Systems and no one else--even if they're the first out of the gate with certification. That's just my opinion, but I can't believe that, when the list appears, it will have only one company on it. I'm guessing it will have nine or ten. Meanwhile, we sit here and wait, and wait, and wait.
April 29th, and 68k shares offered at .073 take a half hour to be bought. we've truly fallen down a rabbit hole.
it's time to light this powder keg. any spark will do.