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DILUTION Happened in May..Better Re-Read link-below..Also in Filings. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168737274
Same post from 12-14Months ago..Long ride from..20s-to-.01s
Biddin Huge in the..007s..They-a-Comin Y'all...
.0125 Another New 52Wk Low...
Agree..Unless CEO releases some Earth-Shattering news, most of us Longs are Screwed...
Think about this;.."IF" Steve/CEO had Good News/PR's to release, even "Certification news"...
Wouldn't "Common Logic" tell ANYONE to release the PR's first, release the many PR's of Good News, let the Share Price recover from the Huge fall from Mid-Teens/.20's down to the .01's, AND THEN SELL SOME NEW SHARES?? (if they needed to)?
So "WHY" are they Selling their Shares in the .01's? Does this make "ANY SENSE" for a Company that is "Supposed to be On The Rise"?
Seeing the CEO & the Noteholder (who Notes were supposedly Locked up til 2025) selling their shares in the .01's, TELL's ME THAT MJLB IS IN TROUBLE...
That's what Common Sense/Logic says, no matter how much I would love to MJLB run-up, I would rather Face the Truth, that something isn't right here??
Trudeau's Worse than a Fascist/Dictator..Android based ELD's=Google prob bought him off...
PLEASE Post this awesome DD..Love to read it...
BUYERS are-Gone..Quote;
Pet-Tracker was.a Fluff PR..Designed to keep Shareholders minds OFF last Summer/Falls Screw-ups of the CEO...
Per-Tracker has ZERO Revs to bring into MJLB, other than the tiny bit from the Tiny Sales they might have in a totally saturated market.
They already said there is ZERO Monthly Fee's on it, so what Revenue is it going to bring, other than "CHUMP CHANGE"??
The whole Pet-Track thing was a Joke to real investors who Invested based on the Fleet Tracking deals, and Partnerships with the 2 NASDAQ Companies, Telus & Iridium Satellite (and Kore Wireless) which I bet they LOST By now?
When a company LOSES Their Bread-N-Butter deals, they resort to Fluffy Lame idea's/PR's to try and keep peep's holding on when there's really nothing left to hold-on to...
The Biggest Proof of this has been the last 4 weeks of Increasing the FREE Trading shares by 40 Million and the DUMPING That has ALREADY BEGUN, WITH ZERO EXPLANATION FROM MANAGEMENT...
I Hope this CEO Gets BURNED By the SEC, hopefully I can get most of my cash back before that happens?
CEO..Doesn't care about Shareholders..Period...
Agree..Ultra Ignorant...
Seriously.."Based on WHAT"??Quote;
Today =1.5Million Sells -VS- 370K in Buys...
DUMPATHON Sub-Penny almost.here 500K-Dumped in..012's
New 52wk Low again today...
Your search=Found="Ultrak" Products..MJLB is "Ultrack" ELD..Find Anything??
Q1-2021 $276k Revs-vs-Q1-2022 $56K Revs..We can safely Assume the Big Contracts they Hyped/PR'd over a year ago ARE MOSTLY GONE, Thus the reason they are Dumping Stock...
Just read the recent filing..Revenue has dropped by $220K from Q1 2021 Last year, to Q1 2022 $220K LOSS IN REVS FOR ONLY 90 DAYS Quite the Revenue hit...
M-Loan was a Garage/Office Net-worth=$$ZERO...
You obviously do NOT Know how the system works for Note-Holders..They can ONLY Sell a Certain % of the "Daily Volume".
I forgot what the Exact % of the Volume is? I would have to go research it again it's been so many years since I did work in this area, but the 22MIL at the average daily volume will take at least 4 to 8 weeks or more to unload all these new shares...
BTW the UNRESTRICTED Number of Shares IS The Float...
Which is 270Million up from 230Mil
I will apologize.."IF" I am wrong..CEO LIES in PR's...
NONE of your search are MJLB Products..J1939CANBUS ELD is what MJLB is about, NOT Found on Amazon, CEO said he was cleared to sell on Amazon in Oct. last year..STILL No products from MJLB..Not even an account listed...
22Million Shares being-sold to pay-bills.&.Steve's Endless Vacation...
Why_NO_Amazon-Listing??..Ultrack LOST Certification...
WRONG..See Chart below..Note-holder=22Mil just Started Dumping;
Start with OTCMarkets Share Structure, then the latest Filing.
Now look at the Chart, look at the Accumulation Line & CMF, see what Just Happened when the PR was released?? MANY Longs Bailed, WHY?
1. They seen the Float Increased, Note-holders 22Mil to Dump
2. Lame PR Looks like P&D & sure enough the New shares went Flying into the hands of Retail.
3. 4 New 52wk LOWS in 2wks, MORE To come.
IMO, 22Mil New Shares being sold right now, MJLB will see .008's/.009's in June.
"I HOPE I AM WRONG"
but I doubt it? We could see Lower than .008's?
May=Float Increased=230Mil-to-270Mil=40Mil..22MIL=BEING SOLD NOW!
T/A Verified..BBW has exact Figures, PR was start of Dumpage...
Note-Holder=22Mil to Dump..Just Started..IMO.008/.009s coming...
52wk Low..Going WAY-Lower..Note-Holder just started..22MILLION to dump...
Sell to Buy Ratio..Sells 3X=More than Buys ALL-Week...
Quote;
Quote;
He's Dumping 22 Million Shares @.01's/.02's on Shareholders that are Already Deep in the Red, WITH NO EXPLANATION. This is Unconscionable for a CEO to do to his own Shareholders.
This is why I have stated for a long time now that Steve Marsbergen is NOT a CEO.
He may be a good Inventor? We have yet to see? Can't seem to get Certified, and Revenue has DROPPED OFF THE CLIFF, so maybe he's not a "Great Inventor" like we thought either? BUT He's Definitely NOT a CEO, not even close...
What_Storm?.22 Million.Share Dumpathon?.This Storm?Quote;
You mean.."Buy Noteholder's 22MILLION"=Right?.Quote;
Quote;
NO POP..Til Noteholder is "Sold-Out"...End-of-June/July??Maybe?