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Certification Denied..So far..CEO didn't follow wiring specs,,They are hoping that Transport Canada will "Let it Slide" but so far they are not, the company is "Selling Shares" starting in the .01s & .02s and now in Sub-Penny, so this doesn't look good...
Hopefully things change and CEO/Steve get's his shit together? But as arrogant as he is, who knows?
"Certified Shares".For Sale..Need a.Tax-Loss Write-off?.MJLBs for You...
Good Morning CEO/STEVE...Sellin much today?.lol
What happened??Quote;6-21-22..
Steve/CEO Taking tips from Hiden Biden...
51 Certified ELD's..MJLB is-Not..Seems we were;"Left in.the Dust"
1,786,500 Dumped in last 7 Mins of trading...
What Short??.There's no Short here,,Noteholder-&-Stevo sellin...
Holy Dumpin Batman..Knew Noteholder-&-Stevo are still sellin...
Agree 100%..everything else is "Pumpy-Fluff"..only morons buy that...
Don't know if it's 100% true-or-not either..But in the light of everything we have been through, and given the way I have witnessed with my own eyes, the arrogant way CEO/Steve treats ANYONE who doesn't Kiss his feet and "THINKS FOR THEMSELVE's" enough to ask some him some questions, I believe the Peeps who posted their phone calls & email correspondence with CEO/Steve.
He treated me the same way, for asking a few questions, blew up in a rage..
If something wasn't wrong, we should have been certified a while ago, and seeing the company DILUTING at the 52week low is another "Red Flag" that something is wrong, IMO anyways...
Noteholder still sellin..See the 5-6.Digit Prints?NOT Retail..MMs Dumpin-notes
One thing you can 100% count on..and that's the FACT that CEO/Steve is NOT Shareholders Friend!!! He's been Bullshitting us on several things for a long time.
You don't have to believe the phone call that was posted...
"Hearsay"? What do you think, that this is the "People's Court" or something?? Drink Steve's Koolaid if you want? I could care less, I'm just posting what I have found "IN MY SEARCH FOR THE TRUTH" that CEO/Steve is NOT Telling us Publicly...
The dude has gone Dark a long time ago, and has NOT been "TRANSPARENT" like he promised over a year ago. Make your own decisions on what you believe to be true...
I haven't averaged down yet..going to wait for noteholder to be almost sold out, here's the link for the info from a phone call with Steve/CEO last Friday, scroll back to Friday June 10th, 6pm-630pm is where it gets bad...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169161000
https://t.me/xC1IUY7gP2
Link below, scroll back to Friday June 10th and read the posts, starts getting real around the 6pm-615pm time...
https://t.me/xC1IUY7gP2
You have to take into account the fact that Steve/CEO had either 18 or 20Mil of his Restricted stock, he had the Restriction taken off, plus a Note Holder was issued 20Mil in NEW Shares, this is why the Unrestricted-(Float) went up from 230 Million to 270 Million.
IMO, from watching the Market Makers that are Dilutors for convertible notes, in my estimation this Note holders has at minimum 7 to 10 Mil share left to sell.
Then we have to wonder, HOW MANY Shares is Steve going to sell to "KEEP THE LIGHTS ON" since their Revs have dried up? Q1 Filing shows their Revs from Jan. to March; dropped from $276K in 2021 to $56K in 2022. A drop of $220K in Revs for only a 3 month period.
"IF" Transport Canada does NOT give Steve a Pass on his F'up wiring problem, then how will MJLB survive the next 6-8 months waiting for Certification after Resubmitting his "Fixed ELD", WITHOUT Selling shares to stay afloat?
"IF" Transport Canada gives them a Pass, then MJLB will surely see a Rebound, BUT if TC gives us a Pass, that means they have to give other Companies a "PASS" as well, to be fair to everyone.
One thing is for sure, Steve has NO Good News to release right now, he can't even be honest with shareholders about the Denial from Transport Canada on a wiring issue that does not conform to their standards.
Bet Steve asked Note-holder; "to Backoff for little-bit".After-Yest...
Quote;
Where's the News/Mega run??Quote;
Yep lot of the history came from your post...lol
MJLB Share-structure History +15Months below..Shows recent Dilution;
MJLB SECURITY DETAILS Share Structure;
Since March of This Year, the Outstanding/Issued number of Shares have INCREASED by 20 Million, the FLOAT/Un-Restricted have increased by 40 Million Shares since March this year, see below.
Why would CEO allow New Dilution at .01/.02 if "Good News" is coming? When we were at $.15/$.20 Spring last year??
Current Share Structure as of June 6 2022;
Outstanding Shares= 315,106,643 06/06/2022
Restricted 44,454,314 06/06/2022
Unrestricted= 270,652,329 06/06/2022 "Up from 230Mil in March" 2022
O/S Increased > +10Mil March +10Mil May = 20 Million Share Increase=O/S
Unrestricted share increase > +40,000,000 Million total
_______________________
Current as of May 2, 2022
Outstanding Shares 305,106,643 05/02/2022
Restricted 4,454,314 05/02/2022
Unrestricted 260,652,329 05/02/2022
O/S Increased > +10,000,000 Since March 2022
Restricted Decreased < -60,000,000 came off of
Unrestricted > +30,000,000
_________________________________
March 2022 Share Structure T/A Verified;
Authorized Shares 500,000,000 03/21/2022
Outstanding Shares 295,106,643 03/21/2022
Restricted 64,454,314 03/21/2022
Unrestricted 230,652,329 03/21/2022
Held at DTC 225,520,482 3/21/2022
_________________________________________________
11/01/21 $MJLB NO SS changes in 7+ months T/A VERIFIED
https://www.otcmarkets.com/stock/MJLB/security
Authorized Shares 500,000,000 11/01/2021
Outstanding Shares 295,106,643 11/01/2021
Restricted 64,454,314 11/01/2021
Unrestricted 230,652,329 11/01/2021
Held at DTC 225,520,482 1/01/2021
$MJLB SECURITY DETAILS
Share Structure Market Cap Market Cap
14,224,140 10/25/2021
Authorized Shares 500,000,000 10/25/2021
Outstanding Shares 295,106,643 10/25/2021
Restricted 64,454,314 10/25/2021
Unrestricted 230,652,329 0/25/2021
Held at DTC 225,520,482 10/25/2021
Authorized Shares 500,000,000 10/11/2021
Outstanding Shares 295,106,643 10/11/2021
Restricted 64,454,314 10/11/2021
Unrestricted 230,652,329 10/11/2021
Held at DTC 225,520,482 10/11/2021
Share Structure 08/09/2021
Authorized Shares 500,000,000 08/09/2021
Outstanding Shares 295,106,643 08/09/2021
Restricted 64,454,314 8/09/2021
Unrestricted 230,652,329 08/09/2021
Held at DTC 225,520,482 08/09/2021
$MJLB updated SECURITY DETAILS 07/29/2021
Authorized Shares 500,000,000 07/26/2021
Outstanding Shares 295,106,643 07/26/2021
Restricted 64,454,314 07/26/2021
Unrestricted 230,652,329 07/26/2021
Held at DTC 225,520,482 07/26/2021
Share Structure
Market Cap Market Cap 20,524,667 05/07/2021
Authorized Shares 500,000,000 05/10/2021
Outstanding Shares 295,106,643 05/10/2021
Restricted 64,454,314 05/10/2021
Unrestricted 230,652,329 05/10/2021
Held at DTC 225,520,482 05/10/2021
Float 120,000,000 2/01/2021
How many-Mils-R Left?.20Mil New Issued+20Mil=UnRestricted..That's 40Mil..How many have they sold so far??
From watching the volume, and watching Level 2, and the Daily chart, it's my opinion that they sold at minimum between 3 & 7 Mill so far, this is just a Guesstimate, so I could be way off?
But on the last PR we saw over 7 Mil in volume, I don't remember what the "Daily Volume %" that Note holders and Insiders can sell in a day is? But for example sake say it's 15% of the Daily Volume, then on the last PR day that would be approx 1.1Mil he sold that day.
The rest of the days have been a fraction of 7Mil, on a 1Mil volume day, at 15% of the Daily volume, that would be 150K he could sell that day, so you see why it takes weeks/months for noteholders to sellout...
The Daily Volume % rule, is prob less than 15%, I just used it for an example, I can't remember off the top of my head what % of daily volume it is? I really need to look it up...
Thats why I said we have at least a couple months of Dilution to go, 4-5 Months if Steve is selling too, his newly UnRestricted stock of what 18 or 20Mil...
I said t/same-thing for couple months..Been called all kinds of names & I was one of a Handful "TELLING the TRUTH"...
Several."IFs".TransportCan let's it slide?.Absolutely Bounceback.BUT..If they don't, then Steve has to fix his F'up & Resubmit & that means retesting all over again, which puts Certifications into 2023 NEXT Freaking Year.
"IF" the SEC decides that Steve LIED/Deceived Investors with his BS? Well then, we are certainly Screwed over real bad.
IMO, I would like to see a REAL CEO Take over the running of the Public side of MJLB and Steve take a Back seat as a Majority Shareholder and work on the ELDs/Technical side of the Business. With a Real CEO, who knows what he's doing, then MJLB would have a real chance at success.
Steve is WAY Better at Inventing things than trying to be a CEO, he sux as CEO.
He admitted it to two different shareholders in phone calls last Friday, from what I was told, he was denied by Comtech and has asked Transport Canada if they will let the "Wiring Issue" slide, that's what he said.
"IF" Transport Canada let's it slide, then we are good to go, but what's the odds of that happening? We seen how the Trudeau Government treats the Trucking industry...
Link to the board, read June 10th starting around 5:30PM onwards, or read the whole day from Friday...
https://t.me/xC1IUY7gP2
Like the saying..If you had a choice, would you rather get 2 to the head and get it overwith instantly? Or get 2 to the chest and bleed out for Hours/Days??
With the Tens of MILLIONS of shares in dilution the company is dumping on us, I would rather see it get overwith, hit bottom fast, then recovery can start once the new shares are dumped.
I'm waiting for the Bottom when they are sold out, averaging down, then try and at least break even, or at least close?
Thought..007s would be bottom..boy was I wrong..Dumpathon
Sub-Penny just printed .009's are here...
Being Denied certification is a Material event that the CEO is obligated to inform shareholders about, but instead he gets 40 Mil shares up on the Block to sell??
Without telling shareholders anything?
And then issue's a PR saying we're 90% there, and acquired worthless M-loan?
Steve's gonna be facing the SEC he so desperately has tried to hide from...
Worst thing about this whole deal is this; Steve/CEO KNEW MJLB was Denied Certification, that so many of us have been waiting for..BUT
He chose to NOT TELL US, and then issue 20Mil NEW Shares, and get another 20 Mil UNRESTRICTED, then issue a "PUMP PR" about a Worthless M-loan Garage office outfit, and then start "Dumping Shares"!!!
IF THAT ISN'T CRIMINAL? Then I don't know what is...
If you read the link I posted..Something with the wiring, he didn't follow Transport Canada's guidelines.
Redo & Resubmit..would be 2023 for Certification...
Delayed if.they;"Redo Wiring & Resubmit".Denied Right now unless Transport Canada gives him a "Pass".
Link below..Go to Fri.6-10 start at-530pm...actually post at 613pm starts gettin deep...
Have to join tele gram
https://t.me/xC1IUY7gP2
Haven't heard?.Cert was DENIED..Words out-of Horse's Mouth...
22Mil with-this LOW-Volume takes 2-3Months to Sell-off..Maybe-longer?