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I read the new tweet as saying: "To all those who think that the extended time taken to certify our ELD signals that there must be a problem, you couldn't be more wrong. Everything is going smoothly; the delay is due to the fact that our DrivelineELD is so uniquely super-duper and multi-capable that it's schooling the technicians." THIS IS GREAT NEWS FOR SALES GOING FORWARD!!!
It's time for a shareholder update in the form of an actual press release (you remember those, right, management?). There are lots of good things happening and in the works. We need the CEO to articulate the company's long- and short-run goals, and how they're planning to implement and achieve them. Let's go management! The time for silence is over.
yes, indeed: very small float and huge catalysts to be announced in rapid succession on the way. Hold on to your hats, people, and get ready for the supersonic blast-off to the moon coming soon.
Cybermich: a good amount of shares is 5 million or whatever you can afford.
For the record, that's a tweet from October 26th, not today.
for once, I agree with you. That aside, it's painful to see that this stock is trading under 4 cents and no one is buying--no one is even trading it. Where are the buyers? These prices are so low, how could anyone buying right now not double (triple, quadruple, or more!) their money in a few weeks at most? C'mon already.
The quarterly report is due by Nov. 15th, and management indicated that it would be filed on time, so does this mean that they expect certification before November 15? Seems so.
Admittedly, these last few months have been very tough times for MJLB longs. I salute all of you for staying the course. We will be handsomely rewarded. Certification has been a long uphill struggle--much longer and much more uphill than any of us could have imagined in February. But it will end in victory. Contracts will follow (they're still pending). And expansion and growth will follow. It will be one big positive upward spiral. Good luck to all!
All longs are wisely betting that the future will not resemble the past. For months and months, we've barely heard any good news--nothing that would move the share price upwards. No certification, no huge contracts, no active expansion in to American and European markets. But we're betting that the future will unfold in an entirely different way. It will look like this: (1) ELD certification for Canada and the US; (2) announcement of big contracts; (3) dramatically increased revenues and profits; (4) expansion into US and European markets; (5) more expansion, more products.
Contracts and revenues will come with certification. We already know that two huge contracts with high-end rental car companies are pending certification (see press release in February). Certification will come when it comes (by mid-November). Complaining about past delays aren't going to make certification happen any faster. Ultrack can't simply wave a magic wand and say: "Voila! We have a certified ELD for the US and Canada." It takes time. So just load up on these incredibly low-priced shares and make a mint on them in a couple of weeks. How does that not make sense?
With Ultrack performing the tests themselves, surely management knows when certification is coming. They said next week, they hope. So it's very disheartening and curious, to say the least, that a rally didn't begin mid-week. Instead, we have seen the opposite: the stock can't get into the "5 cent" range. Who in their right mind would want to sell 143,000 shares at .049 right before certification?!! It's pure insanity!! Pure manipulation. Very sad. I just hope that MJLB decides to do another share retirement, if necessary, to end this blatant manipulation. We'll see after certification and contracts. It's our silver bullet.
What is extremely (most) important for this stock is what no one seems to be talking about here: the fact (which I confirmed) that the pending contracts with the two high-end car rental companies are still in place. This means we will see a fireworks show with this stock. The first boom to move the stock price up will be certification, which is coming any day now, most likely next week. The next catalyst to jolt the share price up will be announcements of the pending contracts being finalized. Boom! Boom! Fireworks exploding. We should see a steady stream of good news in the form of one catalyst after another. When it rains it pours. That goes for good news as well as bad news. We've had 6 months of bad news--and the blame lies squarely with the Canadian government. They instituted the NDA that has kept MJLB from informing shareholders about progress or the lack thereof regarding the certification process. But now it's going to be a fireworks show of good news. And it starts, most likely, next week.
we're in pathetic-ville right now. One hour in, and MJLB has traded roughly $1000 worth of stock. And the share price is absurd: 4 cents? And we're pining for 5 cents!??!! With certification looming, this stock should be trading over 10 cents by now. Thankfully, we'll be richly rewarded in the end, which is coming soon. But, oh my, this has been a painful last 5 months.
On Sept 29, Steve from Ultrack tweeted: "I am hearing good things from the tech working on our system and hopefully it wont be long now." That was four weeks ago. Surely, certification must be coming any day now.
CEO Marsbergen added, “Our Driveline ELD device will perform multiple protocols and change between Canadian and USA mandates automatically upon border crossing. I maintain that our device will be an industry disruptor and likely to become the new standard in fleet tracking and management.”
topnewsguide.com/2021/08/17
Buy it now and ride it to 25 cents, at least.
We're in the 6th week of a 6-week process. Certification can happen at any moment. Congrats to all--we've been waiting since February for this. It's OUR time now. In addition:
1. The quarterly report will drop any time now.
2. Another share retirement may be in the offing.
3. CONTRACTS will be announced soon.
The risk/reward ratio of MJLB's share price right now couldn't be better. There is tremendous upside with virtually (absolutely) no downside. That said, everything with this stock still boils down to one word: CERTIFICATION. It's the sine qua non. Without it, no whales, no volume. And that's all we're lacking right now: volume. Contrary to what some on this board are saying, the current share price has nothing to do with missteps by management over the past 8 months. It's simply due to the drawn out, Byzantine process of ELD certification in Canada. Remember, the original date for the mandate was the middle of June--then they moved it to June 2022. That fact alone tells you how off track this process has become. It's not MJLB's fault. Sure, they weren't first to market. But look at all the huge names in the space that haven't gotten certification. Bottom line: this stock is going much, much higher from here. Let the rally begin!
NEW TWEET: $MJLB We have secured our new attorney and will be updating OTC later this week. 3rd Q has been delayed 1 week as we are battling the flu here. ELD certification is moving along well and results so far are very promising. https://twitter.com/UltrackI
BIG WEEK: 3rd quarter report will be on OTC Monday or Tuesday (Steve from Ultrack told me). With new clients and new devices being added daily, it's going to be a good one!
BIG WEEK: 3rd quarter report will be on OTC Monday or Tuesday. With new clients and new devices being added daily, it's going to be a good one!
Very soon, this stock will be trading at 15 cents again, and there will be no barriers to contracts in Canada, the US, and overseas. I can't wait to ask people on this board: was it worth buying this stock at 5 cents? 6 cents? 7 cents? 8 cents? 9 cents? 10 cents? Will anyone be thinking that only 4-cent shares are worth holding? Of course not. So much nonsense here.
they sold them to me. And I'm still on the bid at .0485. Remember, their loss is our gain.
Just bought 100,000 shares at .0499. If they're going to keep giving it away, I'll keep loading it.
Six whole companies have certified ELDs. Got that: six whole companies. I'm guessing that some here will be suggesting that MJLB should sink to 3 cents now. NEVER HAPPEN!!! It's a rocket ready for lift off at any moment, and some of us are going for a ride to the moon!!!!!!!!!!!!!!!!!!!!!!!!!! I'm going to have to take out those 99,000 shares at .0499.
I might just do that. Right now, it's all games--people playing low-stake flips. When certification comes, and it could be anytime now, it's going straight up on huge volume. My only gripe is that management could build some momentum ahead of time with a significant announcement regarding many different fronts. How about a share retirement (they suggested another may be coming this year)? This would be perfect timing for it. How about contracts? Since April, they've placed numerous ads about their ELD in several trucker publications. Surely they've generated some business, right? Tell us. How about expansion in to the US and European markets? Tell us something. The last official PR was July 26--almost three months ago. We need some excitement to generate buying heading in to certification.
I'm going to buy 140,000 shares right now.
what's your point?
Soon we'll be picking up Tasty Treats in the 15- to 25-cent range.
MJLB wins Fleet Management Solutions Specialists of the Year. Nice going! It won't be long now.
What was the trade this morning at .041? 2000 shares? $82? Gee, that's really a solid indication of where this stock is going to trade. Very valid analysis. Thanks.
Wrong again. lol! No one paid more than they had to. I can't wait until this is at 20 cents. Time will tell who was right and who was dead wrong.
correct.
Wrong.
It's possible that we hear about US certification before Canadian certification, which, I believe, is a bit more entailed. At any rate, it should be any day now. This is week 7 of the process.
it's definitely getting done. these shares are a gift. I loaded up 250,000 more today
it's time to start matriculating the ball up the field, boys.
seems easy and obvious to me. Contracts in the US, Canada, and Europe will come in a steady stream of PRs. We waited 8 months to be where we are now.
the next press release will really move this stock up, IMO. I think that the volume returns with any good reason to buy the stock, and there will be lots of great reasons to buy in the coming weeks. It's not dead money any more.
we've all hitched our wagon to a rising star. Remember, Ultrack is the only ELD that uses Microsoft -- and their product is outfitted to accept Android as well. It's pathbreaking technology. No competitors. It's going to get exciting again very soon. Ultrack's team is composed of straight-shooters with loads of ambitious goals. We can believe in them. They've done nothing to steer us wrong. Just some bad breaks with changing protocols and Covid-19 lockdowns. Never fear, this company is back with a vengeance.
They're going to show everyone the money, Matty. Build it and they will come. They've built it. Recognition of that fact will arrive by the end of the month. I predict that the stock will start to rally until then. When they announce certification and then the pending contracts--boom!
And when I say I'm 100% in support of Ultrack (MJLB), I mean I'm in with $450,000 worth of their stock.