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Anyone with an average price under 16 cents will make a fortune on this stock in the coming months.
"I'll bet there are some traders out there, still holding from that 12-20 area. I'd call that something other than patience." What would you call it?
Check out back cover https://issuu.com/coast2coast/docs/ptdc_layout_jul_aug_2021_web
agreed--if there's a better stock right now to buy, someone please tell me what it is.
MJLB has the back cover! Nice placement!
Here are some reliable facts:
1. This stock is trading at a ridiculously low valuation right now.
2. This is all the more true given both the short term and long term outlooks of this company.
3. MJLB is not a one-trick pony. It has many streams of revenue.
4. MJLB will most likely enter the lucratic pet-tracking market. Another revenue stream.
5. MJLB will expand throughout North America and the world.
6. MJLB has talked about a second installment of share retirements and even a dividend.
7. MJLB reported a terrific first quarter! Revenues are up, debt is down, assets have grown.
8. No ELD has yet been certified in Canada. Ultrack is doing everything it can to be a first mover in the industry. And will be the only certified ELD that doesn't use Android.
9. MJLB is in the midst of a "summer product launch" campaign. I'm sure that they've drummed up lots of business, which we'll hear about soon.
Your instincts are correct, IMO. Nice find!
This week is going to be big.
Time will tell whose approach was and whose wasn't "pragmatic." I think you're jumping the gun here.
Strange how telling people to expect nothing big to happen in the short run and/or cautioning people about buying the stock at these prices is considered a "pragmatic approach." That's one view, not mine.
There are many other things, other than certification, that can and will move the stock from these absurd prices. I trust that management wants the stock price to rise (they did in February). They can announce a share retirement, pet tracker, partnerships, expansion, sales force, etc. And don't forget: CONTRACTS! for heaven's sake, they can still sign contracts (though one wouldn't know it given the silence since Feb 12). So even if you're correct about the share price, and I think not, there are so many variables that could surface over the next two weeks other than certification to get the share price far removed from six cents. Bottom line: yes, I will bet you that the share price exceeds six cents at over the next 2 weeks.
I bet Monday brings a press release of some kind. Buy those 6s now. They're a gift.
yes, and the "realist" trader will surely recognize that this stock is tremendously--outrageously--undervalued at these prices. Weeks not months from now, when this stock is trading at 25 cents and above, it's not going to look very "realistic" to have been pessimistic about the coming weeks. The realist knows what s/he owns and can see where the stock is going. Load up now. Load up here. It won't be coming back anytime soon.
in the coming weeks, MJLB is going to shock the world, as Ali used to say.
Here's what Jake said about August (lots of good things):
"August - If FPI performs as slow as they have been, I'll anticipate certification super early in August at the latest. Quarterly report due, and I expect fantastic numbers that continue the path of big growth we saw in the previous quarterly. Announcement of second disruptive product/service might come during August. It is likely dependent on ELD launch, which is taking a healthy amount of resources away from other projects on the burners, I imagine."
Over the next few weeks, MJLB will announce either a share retirement, stock buy back, expansion into the US market, plans for a new pet tracker device, new positions in the EV market, and an expanded sales force. And as I pointed out, some like JakefromSF are on record as saying that certification will come in early August at the latest. So anyone predicting that MJLB will be in the 5-cent range for weeks is dreaming.
C'mon please don't bring it. I like when my stocks go up, not down.
The Canadian market is small potatoes. If MJLB could just get a global partner to market their devices worldwide (yes, Europe, Africa, Latin America, Asia, Australia), can you imagine the sales?!!! Billions and billions of dollars will be spent in tracker markets (trucks, pets, you name it) over the next 5 years--and it's going to continue to grow. So the fact that Ultrack has a distinctive array of products--disruptive technology?--means that the sky is truly the limit regarding its growth over the next decade.
we've waited 5 months. What's an extra three weeks? Sellers are going to miss out on a gold mine.
Six weeks is a pessimistic estimate. Jake thinks that MJLB will be certified "super early August at the latest" (see below), which is roughly 3 weeks away. Here's his post from the other day:
July - anticipated completion of tests, send the goods over to FPI, and possible certification (I leave it as possible with the wild card being FPI) - although, they probably don't want to delay their first certification any longer so they can save face to Transport Canada.
August - If FPI performs as slow as they have been, I'll anticipate certification super early in August at the latest. Quarterly report due, and I expect fantastic numbers that continue the path of big growth we saw in the previous quarterly. Announcement of second disruptive product/service might come during August. It is likely dependent on ELD launch, which is taking a healthy amount of resources away from other projects on the burners, I imagine.
September - Watch and be amazed how undervalued we were in July imo
Not sure when to even guess USA rollout. If we are first to market, which it looks like we will be, then demand could be extraordinary in Canada. I can't wait to see it all unfold around us.
GLTA,
Jake
going well? Hmmm. It's trading at 5 cents, and barely trading at all. It should be trading at 25 cents on millions of shares. C'mon, we deserve better than this, don't you think? There was a time, only a few months ago, where 240 thousand shares on the ask at .105 would be gobbled up in a few seconds. Back then, MJLB was months from its goals, now it's only weeks away.
yesirree. But I'd hold for much more than a dime. When certification hits, this thing will take off to new heights in less than three days, IMO.
FPI's policies are of no concern anymore. What matters is that Ultrack is finishing up the 450 certification tests on its own this week or thereabouts. Once this is done, Ultrack's DrivelineELD will sprint through FPI's testing and receive certification soon after submission.
Once Ultrack gets certified, it will start to go global and also become a player in the EV and pet market sectors. The sky is the limit, though the stock price sure doesn't reflect that right now.
MJLB uplists to the NASDAQ next year? Anyone agree?
I'm happy to say that I haven't sold a single share--not one--and wouldn't dream of doing so at these obscene prices. I've been buying and so should you. We're talking about roughly three to four weeks, and then you'll make a killing--and the killing will go on for months and months, I predict. When this stock is trading between $.70-1.30 range, we'll see how hoodwinked those who sold at these prices will feel about their decisions today. Check out the 1-year chart on IQST. That's what our chart will look like (minus the last few months).
IF we keep getting those sellers, next month "MIGHT" get interesting? What does that mean? We need certain sellers to maybe make next month interesting? Makes no sense to me.
why do we need these sellers to make next month interesting?
At these prices, I wouldn't be surprised if MJLB announces a share buyback. They'd make a great deal of money for capex, etc.
it's all just noise. When the news hits, it will be trading 20-100 million shares a day.
Selling at these prices is crazy! We've waited five months to be in this position--weeks away from certification. Meanwhile, the stock has fallen 70%. It's time to load up at these bargain basement prices! Selling? Here? Ridiculous!!!
You say: "it got sent back because they didn't get the time zones right for the US." How do you know this? I see no evidence of it.
What "non-event rally last week"? We got an update on certification--very important! As for "sucked into," the people who bought last week are going to make a fortune on the shares they bought. This stock will be trading in the $.70-1.20 range in September and October. Mark my words.
Two weeks ago, Ultrack informed me that they would have an announcement about their recent "activities and valuation in the very near future." I don't believe that the last pr was that announcement. Instead, I think it was in response to FPI, who might have contacted Ultrack to tell them that their was incorrect "public knowledge" about their ELD and the certification process, namely, that Ultrack had resubmitted their ELD last month and was waiting for FPI to certify it. We now know, instead, that Ultrack has just finished reprogramming it and will resubmit the device for certification by mid-July.
My guess (purely a conjecture) is that an originally planned press release is forthcoming about Ultrack's recent "activities and valuation." Stay tuned.
Not at all. Why criticize Ultrack?! No company (over 25 of them) in Canada has made an ELD that FPI can certify yet. We both know that. So why do you blame MJLB? MJLB will be one of the first to get certification, IMO.
MY TAKE ON THIS WHOLE CERTIFICATION ORDEAL:
Over the short term, the process has been incredibly disheartening for Ultrack and its shareholders. Taking a long-run view, however, the stringent process has worked to produce a much better device than Ultrack envisioned before the process began. The new and improved device will prove invaluable when Ultrack goes global. Moreover, what they learned in the reprogramming of their ELD will be put to use in other trackers, e.g., pet trackers.
BOTTOM LINE: The short run is fantastic for MJLB. The long run is going to be unbelievable!
Exactly right. I'm acquiring as many 6s as possible. This price is downright silly. We all know this stock is going to soar over the next two months. Buy now or regret it bigtime later.
Seems like the time for questions has past. MJLB will be submitting their reprogrammed ELD at the end of this week. At that time, they will have tested (all 450 tests) their ELD in exactly the same manner that FPI will test it. Consequently, Ultrack's ELD should fly through the process without a hitch. We expect certification in early to mid-August.
FPI's story is that they haven't certified any ELD yet because none of them has met the requirements of certification. Ultrack's ELD will meet the requirements and be certified accordingly.
401 out of 450 tests have been completed.
It's inevitable. The train is starting to leave the station--soon we'll be waving "bye bye" to those who didn't get on board now. [thought I'd throw in a little Khrushchev imagery for the July 4th weekend, :0]