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News after the bell today...IMO.
Is the quarterly report late?
2pm and $300 have been traded. Yeeeshhhh! Why won't Steve speak already? For so many reasons (which I'm not allowed to tell you here), I can't wait for the news to come--and it will come--and this stock to rise. Boy oh boy will I have things to say then.
I think their silence is rooted in the NDA--they don't want to screw anything up with days/weeks to go. They may have been warned about this by the Canadian government. They haven't exactly been quiet about the progress or process of ELD certification over the past three months. I'm happy that they weren't and wish they had said more. But if you try to get a word out of COMDRIVER TECH, they just say: NDA. Period. No discussion at all.
If we accept 18% progress a month on certification, it would take roughly 6 months to achieve. That's well in excess of the 4-6 weeks advertised. But even if it takes 6 months, then Ultrack should be at 98-100% finished today. I don't understand why they're not updating us. Why keep us in suspense and the stock underwater? It makes no sense. We've waited a damn year for this. Why are they not updating us when they finally have something good to say? Canadians...messed up.
has anyone heard from Steve M. in the past week? I'm more than puzzled at the complete absence of updates since Feb. 18th. I would think he'd be champing at the bit to tell us how close MJLB is to getting ELD certification. It can't be the NDA that's causing his reticence, since he's updated us many times before. Certification should be here any minute now. Why wouldn't he want to tell everyone that good news is near at hand?
Only $650 traded so far today, but...I like what I see. Certification is imminent, and so too is 10 cents a share. It's in the air. It's coming any day now. Great buying opportunity for someone.
I think (and very much hope) you're right. When you get a fake wall like 165,900 on the ASK at .0279, it tells me that this stock is being highly manipulated by big players. The volume at only 500 shares indicates that there aren't any small players trading this stock anymore. Haven't been for a while now. The big players will eventually want return on their money. And this stock is so easy to manipulate up or down. Heck, a million and a half shares will move this stock 25% or more in either direction. I can't understand why someone hasn't plunked down $25,000 on this stock recently. It seems like you could double the price and your money by doing so. Anyhow, volume will happen soon--20-40 million in volume a day is possible after certification.
all we need is volume, and the stock will go up. We've got volume, the stock will go up. we're heading into the final stretch.
The lack of buying here shocks me. It makes no sense given all the catalysts in the very near future. Makes no sense at all to me, but little does these days.
As we speak, many truck companies are test-driving Ultrack's ELD. Given the positive feedback, I expect them to sign on the dotted line once the ELD is certified.
The Feb 18th PR said that certification was 81% completed. It should be over 90% now. My understanding is that the last part of the process is much easier than the rest of it. Won't be long now. I expect much more volume this week--and most of it on the buy side. Get on board or be left behind.
Still here with my 6 million shares. Haven't sold any, and wouldn't dream of doing so at these prices. Our time is near at hand. Load up right now, and make yourself a fortune in a fortnight.
95% of the waiting is over. Certification will come by March. Then contracts, acquisitions, share retirements, pet trackers. Growth, growth, and more growth. And we get rich on MJLB's coattails. Ain't life great!
To all Longs: calm down. Sit back and relax. Certification is coming soon. Steve M. is totally honest and he's being as open as he can be given the NDA. The extra time that certification is taking is mostly due to the fact that MJLB's product is unique, unlike its Android competitors. This means that Ultrack and ComDriver have to occasionally get clarification from Transport Canada regarding certain test procedures as they pertain to Ultrack's Windows version of ELD. TC takes their time, as you can imagine, getting back to them with responses. This is, after all, a government process, and we all know how frustrating that can be.
Bottom line: MJLB has clients waiting for its ELD product and calls coming in daily inquiring about their product and its features. It's all going to work out in the end. I've been long for a year now. I know it's been a frustrating and circuitous route to certification--but most of the wait is already in the rearview mirror.
$MJLB Time is on our side now. My guess is February 20th or thereabouts. The key take-home points are:
1. No, they haven't failed certification--to the contrary, the finish line is clearly in view and it's full steam ahead.
2. The future is very bright. It's been a hellish year--but that's behind us now.
3. Canadian truck fleets are not busy buying others' ELDs because the mandate starts in July 2022.
4. MJLB's ELD is unique and that translates into market share. The android systems simply continue existing USA systems: relying on a server to do the heavy workload Ultrack's system is completely independent of a backend server for ELD. All data and processes are done on the truck's unit.
I agree doogdilinger. It will be best-in-class and they will have a multitude of significant clients ready to sign. Many are test-driving Ultrack's ELD as we speak. Most will sign on the dotted line as soon as certification is achieved, which I imagine will be any moment now. Unfortunately, a significant percentage of current MJLB investors will sell well under 20 cents because of the horrendous 10 months that we've had to endure holding this stock. But it can easily get over 20 cents and soar from there after certification, when one contract after another is announced. And don't forget the Pet Tracker. Would be nice to see some deals with that device as well. Icing on the cake.
thanks. This is what ComDriver Tech sent me in response to my query about Ultrack:
In accordance ISO requirements, everyone in the company is prohibited from disclosing any information to outside parties other than what is available on our website.
Regards,
XXXX
There's something strange going on. Steve M. hasn't posted anything in 2022. He's also not answering his email. I surmise this signals one of the following three possibilities:
1. He has Covid and is down for the count (I rather doubt this)
OR
2. He made a New Year's resolution not to do social media or email with investors until certification
OR
3. The certification process is in its final stage, and he's determined that the NDA will not allow him to say anything more at this point without some unacceptable risk. Thus, his silence.
I've been buying today because all signs tell me that certification is any moment now.
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Ultrack is 75% through the tests. As for the remainder, they have already done the in-house tests, so we know that the device will pass this last part of the testing phase. It's just a matter of procedure now. My guess is 10 days or so and voila: certification. Could be sooner, could be later. I also think that there's a chance that contracts will be announced before certification.
Yes, it's tax loss selling. To longs: don't worry, 2022 will be great. MJLB has all their clients and many more interested and just waiting for the device to come on the market. The ELD market is HUGE. Most truck fleets have been holding off buying ELDs. Sales so far have been disappointing. Ultrack will clean up (it will hold a sizeable share of the huge market) when they get certified, and that will be sooner than later. There is no problem with Ultrack's device, and no test failures. It's unique and far superior to anything being offered by other companies. It's just taking some time to get certified but the wait is almost over. Moreover, the expansion in to Europe and the US is still on, just delayed by certification delays. Buy now at these absurd prices. I am.
There is nothing wrong with this company or management. And, no, they haven't failed any tests. After 10 months of uncertainty and travails, we're approaching the finish line. Longs should be rejoicing now, not doubting or complaining about management. No one has lied to anyone. The tests are very complicated and lengthy. To be sure, there have been unforeseen delays. But in the end, certification will be achieved, and the Ultracker will prove itself to be the best ELD on the market. No one is buying ELDs yet; they have until June 2022. Truck fleet managers are waiting. The Canadians do much of their business through word of mouth, and Ultrack has an impeccable reputation with truckers. You'll see. MJLB will be a star in 2022. And us longs will reap the hefty benefits. Mark my words (or don't).
I agree. It's time for a share retirement or buyback. We loyal shareholders have waited 10 months now for one shred of concrete positive news, and still haven't gotten it. Yes, we have assurances that certification will be coming (Jan 14th seems like the date). And yes, we hear that they will start development of a pet tracker. But we still haven't heard one positive piece of news that truly exists here and now that would move this stock upwards again (e.g., a new contract, a new office in NYC, a share buyback). Thus, we've nose-dived from 20 cents to 3 cents. They said the first time they did the share retirement in a February 2 PR: "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." It's time--well past time. We're at 3 cents and falling. The bleeding has to stop now, or the patient may die.
Let me see, hmmmmmm, those predictions don't take into account--hmmmmmmm, oh I remember: certification and the stream of contracts that will follow immediately afterwards. I think that might make a difference in the share price, don't you?
Don't lose faith, we will soon have the dominating system out there when it is certified. It's hack-proof (remember the "hacking" ordeal related to the last COMDriverT-tested ELD). Not a problem with Ultrack's device. It will dominate the market. Watch and see.
Anyone doubting Ultrack's management team or device hasn't a clue about what they have devised. MJLB's ELD is an industry disrupter with lots of crucial features that none of the off-the-shelf Android ELDs possess. It is sui generis--and this uniqueness makes it far more difficult to certify--testing is more lengthy and complex. But in the end, it will dominate the market. You'll see. Every feature that trucking fleet managers and drivers want, it has. They've thought of everything that a truck fleet could want and need and included those things in the ELD. Our time is coming...very soon now.
when you least expect it, that's when the good news and the big move comes...get on board now. The small float means it jets ups when it moves on good volume.
an announcement is expected imminently, load up now.
So very true, Martymech, a "worldwide breakdown of logic and reason." Bye-bye liberty--it was nice to know ya. In the meantime, at least, we can still get rich by loading up on MJLB--before they throw us in camps to protect us from ourselves.
I have a very strong suspicion that certification is expected imminently. Hold onto your hats. It's blastoff time. Product differentiation is key to market share and sales. ULTRACK has it, others don't. It'll be worth the wait. Mark my words.
Let me explain what was most important about Wednesday's PR: it reassured investors that nothing has gone wrong with the certification process. In addition, the pending contracts are still pending and they have collected more since April. Prior to the PR, the inference from the delay was that something had gone terribly wrong; the rumor was that ComDriver Tech was under investigation and unable to certify ELDs. NONSENSE! Nothing has gone wrong. To the contrary, the uniqueness of Ultrack's device accounts for the delay, and this uniqueness is what sets Ultrack's device apart from those of its competitors. Moreover, the PR tells us that Ultrack's clients much prefer their product to their Android competitors. To reiterate: the key to the PR is REASSURANCE that everything is still right on track. Oh by the way, the pet tracker will be a significant revenue stream for the company.
January will be a huge month for this stock. We'll have certification; a steady stream of contracts will be signed; and the OTC will be back on its feet (finally). We will easily see 15 cents and more, much more. So many catalysts ahead to drive the stock price upwards. One after another--there won't be time for the share price to fall.
what a scam! LOL!!!
NEW PR IS OUT!!! https://www.otcmarkets.com/stock/MJLB/news/Ultrack-Announces-New-My-Pet-Tracker-Project-and-Provides-Year-End-Corporate-Recap?id=334826
This is key: "Once we receive the ELD certification, I anticipate being able to announce a steady stream of new contracts with new fleets. While we await the ELD certification, we continue to add new clients and new products to our lineup. Thank you for your support and may you all have a wonderful holiday season."
The information (which is public knowledge) is from an email with Steve M. Email: info@ultrack.ca
This should be a good week.
Let me explain what is responsible for the certification delay. Ultrack's ELD is completely different from all other units on the market and that have been certified so far. This is why Ultrack's ELD is taking much longer than anticipated by anyone, including management. Ultrack is doing everything possible to get it certified, and it will be achieved imminently. The bottom line is that everything will work out in the end. UItrack's ELD is extremely unique--and this product differentiation will pay handsomely for shareholders when it hits the market. A PR is coming in the "near future." This is the truth of the matter. It comes right from the horse's mouth.
the absence of buyers here and now mystifies me. It's not dead money any longer. Certification could come at any minute. Where are the buyers? Why are they waiting so long to get in at these prices? Baffling.
this is very undude of MJLB to be so silent ahead of certification.
Bottom line: Whether certification and contracts come this week, next week, or the week after--who really cares at this point? We've done over 90% of the waiting now. February, April, June, and August are in the rear view mirror--barely visible anymore. We're finally where we want to be--a week or so from certification. No one is happy about the long circuitous route it's taken to get here. But we're finally at our destination--it's right in front of us. It's OUR time now.
has to be a fake wall at .0446, no one could be that stupid to sell now.