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Dr. Ilya is a genius.
I'm VERY pleased that they updated us today on ELD progress. This is excellent news. They're getting close. That's what we want to hear. I like that they say: "Small update." ALL UPDATES BIG AND SMALL ARE MUCH APPRECIATED!! This is a very good turn in the right direction! Many thanks Ultrack!
New Tweet: Small update from Dr. Ilya regarding the testing phase. He has completed the Off-Duty deferral UI and now proceeding with certification tests. We are getting close. Only 49 tests to go.
I'd like to see a late day surge bring this stock to 8 cents. High double digits are inevitable by August, so why fight what is inevitable?
Agree 100%.
Two weeks ago, they tweeted: "The global pet wearable market size was valued at USD 1.6 billion in 2019 and is expected to grow at a compound annual growth rate of 14.3% from 2020 to 2027."
Whose interest is being served by not following up on this tweet? What does it cost them to inform their shareholders and the investment community what plans they have or are thinking about regarding this sector? Maybe the share price would rise with the information? I'm guessing it would. Certainly couldn't hurt. But no. We get a cryptic tweet and no follow up two weeks later. Again, whose interests does this reticence serve other than shorters of the stock?
Very frustrating. Management never follows up when the stock starts to rise from these pathetic levels. Why not release news about the company's plans to enter the pet tracker market? What about a follow up to the December 14th press release about the EV market? What about sales/contracts pending certification? What about an update regarding increases in the sales force that are planned for this summer? There are so many things that could be announced to follow up, but dead silence. And so the share price needlessly drops from these abhorrent levels. Oh well, we wait. In August, the stock will rise to 50 cents or more. I think MJLB's chart will look similar to IQST's chart--from 7 cents to $1.6 in the bat of an eye. For now, however, we suffer.
MJLB is testing its device as it updates using FPInnvovations' protocols, so the device should sail through the certification process.
Jake is the best!! Glad he's on our team!
great question! How about within the "pet wearable tracking device" market?
The reprogramming of Ultrack's DriveLineELD product to meet updated standards and requirements will payoff big time, IMO, when MJLB expands to the global market. They've upped their game in ways, I bet, that they didn't foresee at the start of the process.
https://ca.finance.yahoo.com/news/canada-ban-sale-fuel-powered-191239203.html?utm_source=personalized&utm_campaign=header&utm_term=24317770&utm_medium=email
ULTRACK AND THE EV MARKET
Concord, Ontario--(Newsfile Corp. - December 14, 2020) - Ultrack Systems Inc. (OTC PINK: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to inform investors that the Company has successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models.
Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use our tracking platform for their BMWi8 and Tesla models. Ultrack is preparing to expand further into the EV market in 2021 by updating our platform with specific features related to the EV sector.
Ultrack CEO Michael S. Marsbergen stated: "Ultrack Systems Inc. has been working in the EV market for quite some time and we believe EV is the future. Developing technology and strategic relationships will ensure that Ultrack can always have a growing footprint in this space. We are paving the way for further expansion into the EV market and are targeting to arrive in Q2 of 2021. Ultrack will feature an add-on that will track EV battery state of charge and the condition of the battery system remotely from our portal.
The global electric vehicle market was valued at $162.34 billion in 2019, and is projected to reach $802.81 billion by 2027, registering a CAGR of 22.6%. Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share. North America and Europe are expected to witness considerable CAGRs of 27.5% and 25.3%, respectively, during the forecast period. The cumulative share of these two segments was 40.1% in 2019, and is anticipated to reach 51.0% by 2027.
[From www.alliedmarketresearch.com/electric-vehicle-market/amp]
the volume is still no where near where it should and will be. This stock should be trading close to 10 million shares by now with two pieces of good news today--the award for best fleet management company and the press release about Ultrack completing the reprogramming of their DriveLineELD. There's still an hour and a half. Maybe the volume will pick up.
smooth sailing ahead, the storm is behind us now.
.08s are so cheap for this stock. They are the equivalent of roughly .065 pre-share retirement in March of this year.
the whales are coming back!
Volume, volume, volume. I can't wait to see this stock take out 200,000 shares on the ask in a couple of trades, like it used to do in March.
Don't be surprised if we see high 9s before the close. There's nothing but clear skies ahead! And that's realism, finally.
the summer is going to smoke!
There is absolutely no reason to sell this stock now. Buy, buy, buy. The immediate future is incredibly bright. More news is coming. Very big and important news.
Yes, there's no reason at all why, in the coming weeks, this stock shouldn't shoot back up to its February and March levels. MJLB is so much closer to reaching the next level than it was back at the beginning of the year. Once it gets certification, it should soar way past its high of .26.
It's all good. This stock has been needlessly battered for months and months now. We're all due back on earth--MJLB is heading north, where it belongs!
Volume is up, and more news is coming. Middle of July is a couple of weeks away. No reason not to load up now.
Next: pet tracker market news.
I'm happy.
"All of us here at Ultrack are extremely confident that we will obtain successful certification and will announce the availability of this and other industry disruptive products in the near future. I am committed to keeping investors abreast of any and all developments and progress."
100% agree, DQ
Ultrack Systems Inc.: Best Fleet Management Solutions & ELD Hardware Company - North America https://twitter.com/UltrackI
who was the "realist" telling people to buy, buy, buy in the low to mid 6-cent range? Hmmmm? Who was the realist?
We're up 15%! Where is everyone?!
New Tweet. It appears that Ultrack won a Corporate Vision: Technology Innovator Award: https://www.corporatevision-news.com/winners/ultrack-systems-inc/
While one can read the FPI response in many ways, I do not think it is bad news for MJLB. To the contrary, the bottom line of the email is this: Give us an ELD that meets certification requirements, and we'll certify it within the specified duration (4-6 weeks). Moreover, the "end of summer" expectation that many here hold strikes me as way too pessimistic. FPI, as it turns out, is very responsive and seems to be saying: we're making no excuses and want to certify ELDs ASAP. Just make the corrections to the device to meet the requirements, which we (FPI) will inform you of, and certification will be forthcoming. It's as simple (or difficult) as that. There is no dilly-dallying or extensive testing requirements holding up the process. Just the vendors not getting FPI the corrected devices.
My take-home point: Ultrack will get its device certified in the very near future. They have very smart people promptly making any needed corrections, as directed by FPI. Don't expect late summer. It's coming soon, IMO.
I've been exchanging emails with FPInnovations today. Here is the second email, which answers my question: how can a 4-6 week process be in its 4th month with no ELDs certified? Here is the response from FPInnovations, who have been quite prompt and informative (yet, I don't understand how what they're saying can be true):
Hi XXXXXX,
As previously stated (in the attached email), the reason there is no certified ELD is that the ELDs that are being tested have not yet met the requirements for certification. The testing and certification process is rigorous, but compliant ELDs should be able to go through the testing process and obtain certification within the stated duration. Non-compliant ELDs will take longer to test because providers need to make corrections to the devices in order to meet the requirements and pass the test.
The information you have received regarding OBD-II, as well as what you specified as public knowledge is not accurate. As stated in the message on our website, we are testing ELDs and will certify any ELD model that meets the requirements. If devices do not meet the requirements, they will not get certified.
Thanks again for your inquiries. If you are receiving information from any ELD providers, you may ask them to contact us directly so we can provide accurate information and guide them through the certification process, as we do for all ELD providers we are working with.
Regards,
XXXX XXXXXXX, P.Eng., M.Eng.
Senior Researcher, Transportation and Infrastructure
Test Lead, ELD Certification
I wish I had your unlimited funds, Don :) I've been tapped out for months, waiting and waiting for a positive word from the company.
So will I--gloat, gloat, and gloat some more!! And it's not a matter of if, simply when. I'm practicing my gloating.
yes, my friend, that is the truth.
now that's REALISM!
I'm thinking along the same lines. At its current valuation, MJLB is a very seductive acquisition target for an Amazon, which wants a presence in this sector.
Another great reason why this stock deserves better: the EV market
From December 14 press release:
Concord, Ontario--(Newsfile Corp. - December 14, 2020) - Ultrack Systems Inc. (OTC PINK: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to inform investors that the Company has successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models.
Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use our tracking platform for their BMWi8 and Tesla models. Ultrack is preparing to expand further into the EV market in 2021 by updating our platform with specific features related to the EV sector.
Ultrack CEO Michael S. Marsbergen stated: "Ultrack Systems Inc. has been working in the EV market for quite some time and we believe EV is the future. Developing technology and strategic relationships will ensure that Ultrack can always have a growing footprint in this space. We are paving the way for further expansion into the EV market and are targeting to arrive in Q2 of 2021. Ultrack will feature an add-on that will track EV battery state of charge and the condition of the battery system remotely from our portal.
The global electric vehicle market was valued at $162.34 billion in 2019, and is projected to reach $802.81 billion by 2027, registering a CAGR of 22.6%. Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share. North America and Europe are expected to witness considerable CAGRs of 27.5% and 25.3%, respectively, during the forecast period. The cumulative share of these two segments was 40.1% in 2019, and is anticipated to reach 51.0% by 2027.
[From www.alliedmarketresearch.com/electric-vehicle-market/amp]
Three good reasons, among many, why this stock deserves far better:
1. Q1, 2021 vs Q1, 2020 Highlights. Sales increased by 578%, Assets Increased by 332% and Company Liabilities decreased by 60%. Looking forward to continued growth.
2. Q1, 2021 vs Q4, 2020 Highlights. Sales increased by 321%, Assets Increased by 159% and Company Liabilities decreased by 53.5%.
3. The mastermind behind Ultrack’s ELD is a genius:
https://uk.linkedin.com/in/ilyakretov
https://cchgeu.ru/en/university/rankings/
-Top 5 nationally in Computing Technology
-Masters in CAD/CAM with what I believe is a 5.0 GPA, according to his LinkedIn
-PHD in Applied Mechanics