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IMO, Certification is NOT going to make a Huge difference like some think, until the Company proves to the Public that they have Substantial REVS coming in from the various Deals, Contracts, Partnerships, etc.etc. Investors on the sidelines are NOT going to throw down HUGE amounts of cash based on just Certification alone...
It's ALWAYS "REVS REVS REVS" that INCREASE VALUE of the stock, without an increase of the Intrinsic Value from the Revenue from the various rev streams, why would anyone buy any stock?
Once MJLB gets Certified, we have been told "Thru the grapevine" so to speak, that the CEO has PR's to release regarding New Contracts/deals etc. & Hopefully puts NAMES to Past PR's of 2 High-end Rentals as well as Gov. contracts.
These Deals, Contracts, etc.etc. are Revenue Streams that will Increase the value of the stock, and THIS IS WHY INVESTORS WILL THROW DOWN CASH to Buy MJLB, Certification by Itself is not going to make much of a difference to anyone except US SHAREHOLDERS That have been waiting for so long, this is my opinion of course...
AND..ComDriver-Tech has NOT Certified ANY ELD Since Aug..There are now 16 Certifications, 4 last month ALONE, 2 by FPInnovations and 2 by CSA Group.
https://tc.canada.ca/en/road-transportation/electronic-logging-devices/list-certified-electronic-logging-devices
What bothers me about Ultrack is that they stated on Dec. 22nd that they were 50% completed, and now yest they say they are 71%, so it took 6 weeks to increase their certification by 21%...
IF This is the Gauge/Pace they are on, 6 weeks from yest they should be approx. at 91-92% which put this at approx March 14-15th for 91-92% then another 2-3 weeks for the final last 9-10% then we are into early-mid APRIL, only a YEAR Later than what was PR'd a year ago...lol
By May most of your BIG Dog Investors are GONE for the Summer, and with the state of the economy and the "BARE BEAR" OTC Market, the old adage "SELL IN MAY AND GO AWAY" Will definitely be a reality this year for the BIG Money Investors that MJLB Needs to Break the 52wk high and head to .30s-.50s
IMO, MJLB will be doing GREAT if we even make it back to double digits? I used to believe that $Dollar's were possible here, that might still be true? But IMO, I don't think MJLB will be seeing Dollar's for a few years, and I've been putting up with Marsbergens Incompetence for over a year now, and that's long enough for me. Once I'm green again here, I'm beginning my exit...
WOW..Over 1,000 Pet-Trackers on Amazon alone..I wonder if Marsbergen can sell enough Pet-Trackers to even COVER THE COST's of R&D, Testing, Manufacturing, Advertising? etc.etc. In a Market (Like I said before), is SATURATED With Pet Trackers and has been for YEARS Now.
IMO, MJLB should STICK TO WHAT'S A GUARANTEED Profitable Revenue Stream. Spending their R&D time & money on making/keeping their ELD Top of the line & use those funds for developing a stupid Pet Tracker on GLOBAL ADVERTISING of their J1939 CANBUS, that's "IF" MJLB STILL Has Iridium Satellite as a Partner, and can operate Globally?
Agreed..(See link below)..MJLB's J1939 CANBUS ELD is a Top of the line cutting edge ELD, and Marbergen is a "Great INVENTOR" for building it...BUT
Having said that, his "Track Record" as a CEO is an Abysmal FAILURE, & all the Pump in the world will not change this.
His postings in a private telegram room and replies & emails against ANYONE Asking Simple questions about some "UNANSWERED QUESTIONS" have been met with Fire and Brimstone "Name Calling" by Michael-Steve Marsbergen, AND;
"Very Egotistical Childish Behavior" from a CEO who is SUPPOSED to be the Calm Cool Collective Professional Face of Ultrack/MJLB, the Professional running a Publicly traded company supposedly headed to the OTCQB then the NAS...
This CEO said Quote; "That He Does NOT want the SEC Involved in MJLB"
And why doesn't he want the SEC involved here?? That's one of the 20 Million Share questions he refuses to answer and he berates anyone who dares ask him "WHY"??
WHY BE A PUBLICLY TRADED COMPANY IF YOU DO NOT WANT THE SEC INVOLVED?? WTF?? Does that make ANY sense? The ONLY Reason a CEO would NOT want the SEC Involved is BCUZ THEY ARE HIDING SOMETHING! What else could it possibly be? WHY Be Publicly Traded then to begin with??
Marsbergen has shot himself in the foot so many times since the High-end Rental PR, I stopped counting. And now, this "Pet Tracker" which while it is a good idea for MJLB, it is NOT Going to be anything more than a Novelty item compared to the Fleet J1938 CANBUS ELD and the Monthly Revs the ELD will produce. Pet Tracker will be a "Blip on the screen" and quickly forgotten...IMO
It's my opinion that Marsbergen PR'd this Pet Tracker to try and get shareholders minds OFF HIS INCOMPETENCY and the Dozens of "Shooting Himself in the Foot" situations that have caused Investors to sell off/Pull cash out of MJLB and have devalued the stock from the $.15-.20 Base we had 12 months ago to the .02's to .04s base we have now.
Link to article on MJLB's J1939 CANBUS ELD, one of the articles that sold me on MJLB...
https://microcapdaily.com/electric-vehicle-ev-tracking-the-rise-of-ultrack-systems-inc-otcmkts-mjlb/129568/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160361487
I like that fact that many shareholders are trying to stay positive here, but this CEO's NUMEROUS Failures and his Offensive Berating Treatment of those shareholders asking questions CANNOT Just be "Swept Under the Rug".
IF ONLY MJLB HAD A COMPETENT CEO, & MARSBERGEN STAYED OUT OF THE LIMELIGHT AND AT HIS INVENTORS WORKSHOP & ALLOWED A PRO CEO TO RUN THE PUBLIC SIDE OF MJLB, WHO KNOWS WHERE MJLB WOULD BE RIGHT NOW??
MJLB is NOT Trash..CEO is Incompetent to run.a Pubco...Period
Exactly my point..INCOMPETENT CEO!!..Pet-Tracker supposed to "Save us"??
My point for all this is the following;
Anyone buying MJLB for this Novelty item "MY PET TRACKER" is being sold a Line of BS! The Rev's from the Pet Tracker are CHUMP CHANGE compared to the Fleet Tracker ELD Monthly fee's!
There are NO MONTHLY Revs/Fee's for Pet tracker, only a 1 time purchase in a already Saturated Market.
The "PET TRACKER" is KOOLAID PR'd to TAKE YOUR MIND OFF THE ELEPHANT IN THE ROOM = Which is the Incompetent Mismanagement of MJLB by CEO Steve Marsbergen, Period, his Mismanagement and "DUMPING OF 20 MIL SHARES" is why MJLB is in the .03's down from the .20s and Mid-High Teen's Base we had a year ago...
Those of us seasoned Investors that dumped tons of cash in MJLB over a year ago and went LONG, Did so bcuz of the following;
1. Partnership with Telus communications, NASDAQ Symbol $TU
2. Partnership with Iridium Satellite NASDAQ Symbol $IRDM
3. Contract with Kore Wireless, not public.
4. Supposedly, The Best ELD on the Market, BUT, if this is so, then why isn't Ultrack Certified yet?? When numerous other ELDs of Lessor quality are Certified? Some 5-6 months ago...
5. 100 Mil Share Retirement, BUT, this is also VERY Suspect, bcuz right after the PR of the 100 Mil retirement, the CEO issued 20 MIL FREE TRADING Shares at the 52 week high of .26 and the 20 Mil are Dumped on the New Long-term Investors...
Also;
Deals with Two High-end Rental Companies, which turned into a PR Shitstorm bcuz CEO has STILL Failed to Publicly DISCLOSE THEIR NAMES! Giving it the appearance of being 100% Total Bullshit, CEO Major FAIL. Should have NEVER PR'd this IF he wasn't going to INCLUDE the Names of the Companies. It Looks like a "PUMP Attempt" VERY Suspicious to experienced investors....
I wonder if these "Partnerships" are even still valid?
My-Pet Tracker-vs-Fleet ELD Monthly revs...HHMMMM "Chump Change"
Good tasting Koolaid?? Pet Tracker flavor of-the Month...LMAO
Point is the OTC did NOT "TURN AROUND" last Spring, only a few handfuls of Penny plays ran-up, I was in many and made major bank, but the OTC Market as a whole continued it's over 20% SLIDE From Feb to July and has NOT Recovered...
"MY PET TRACKER"??.LOL I've been holding off on posting this, but after today's Tweet, & after putting up with Steve's BS for Months & Months, well it's time..Here's my opinion, and after extensive dd, & holding over $200k of MJLB for over a year now, I believe I am close to being right...
Has the CEO Failed??-Prob Not..Has he SCREWED THE POOCH??-100% For Sure...I will say this much tho...
Those of us seasoned Investors that dumped tons of cash in MJLB over a year ago and went LONG, Did so bcuz of the following;
1. Partnership with Telus communications, NASDAQ Symbol $TU
2. Partnership with Iridium Satellite NASDAQ Symbol $IRDM
3. Contract with Kore Wireless, not public.
4. Supposedly, The Best ELD on the Market, BUT, if this is so, then why isn't Ultrack Certified yet?? When numerous other ELDs of Lessor quality are Certified? Some 5-6 months ago...
5. 100 Mil Share Retirement, BUT, this is also VERY Suspect, bcuz right after the PR of the 100 Mil retirement, the CEO issued 20 MIL FREE TRADING Shares at the 52 week high of .26 and the 20 Mil are Dumped on the New Long-term Investors...
Also;
Deals with Two High-end Rental Companies, which turned into a PR Shitstorm bcuz CEO has STILL Failed to Publicly DISCLOSE THEIR NAMES! Giving it the appearance of being 100% Total Bullshit, CEO Major FAIL. Should have NEVER PR'd this IF he wasn't going to INCLUDE the Names of the Companies. It Looks like a "PUMP Attempt" VERY Suspicious to experienced investors....
I wonder if these "Partnerships" are even still valid?
In Hindsight I'm Kicking my own ass for Not Dumping my shares in the .20s-high teens last Feb. 2021. I haven't sold Anything yet.
Last Dec. 2020 thru Feb. 2021 this CEO was on a PR Crusade, and I for one did my DD along with many others, and was sold on MJLB. So far this Penny season, we haven't heard Jack-shit from this CEO. I wonder why?? Many say it's because we are Still waiting for Certification, which Might be true? BUT...
IMO, Steve is sitting Pretty off some of the Proceeds he received from the 20Mil shares that were sold last Feb. thru Spring of 2021 in the .20's and High Teens, so he really doesn't give a shit how long it takes to get certified.
My point for all this is the following;
Anyone buying MJLB for this Novelty item "MY PET TRACKER" is being sold a Line of Shit! The Rev's from the Pet Tracker are CHUMP CHANGE! There are NO MONTHLY Revs, only a 1 time purchase in a already Saturated Market.
The "PET TRACKER" is KOOLAID PR'd to TAKE YOUR MIND OFF THE ELEPHANT IN THE ROOM = Which is the Incompetent Mismanagement of MJLB by CEO Steve Marsbergen, Period, his Mismanagement and "DUMPING OF 20 MIL SHARES" is why MJLB is in the .03's down from the .20s and Mid-High Teen's Base we had a year ago...
Last spring turnaround?? The OTC went DOWNHILL over 20% From Feb. to July, exactly what Turnaround are you referring to??
The handful of George Sharp Custody stocks?? I successfully played a few, & they are now Dogs...
Any runups after Feb. 2021 were a few handfuls of selected stox handpicked by certain groups, I know this for a fact bcuz I was in several of them...
LOUDER Don Q!..Who cares if the TRUTH Hurts...
Bullish talk ina "Bear_Market" is like Trying to build an ARK after the Flood hit...
That's assuming there is a Huge line of Bigtime traders just waiting and watching MJLB? I have news for you, most of them have been playing the NASDAQ Small-caps. Notice how anemic the volume on the entire OTC has been this Penny season? Biden's lame economy and rising inflation has KILLED this years OTC Penny season so far...
Will we see a Bull Rally on the OTC this year is yet to be seen, but it's been nothing but BS so far this year...
Dec..22nd 2021 they were at 50%, so it's taken approx 6 weeks to go from 50% to 71.5%, looks like it will be March before we get close to 100% based on the current timeline...
For those who think MJLB is going to magically Bounce back to the Teens-.20s..I have some sobering news for you, FIRST the OTC has to return to a Bull Market. In case you haven't noticed, the WHOLE OTC has been in a "BARE BEAR" Market since June/July of 2021.
Here's a post by a Technical trader on another board, and he is exactly right-on;
So True..Management's Incompetence is why MJLB is @.03-.04's...
Need that certification more than anything...
Agree..Know what you own..do your own DD...
Bidens Bear market..Sure miss Trumps Bull market...
O/S as of Friday = 44,276,549,999 - 01/21/2022
Need Certification news before anything else...
2.12Bil-Unrestricted hope it's a big enough buyback to make a difference?
Agree Don Q...Been on vacation, missed out on the .02's..Peeps selling for losses at these levels are ignorant...
I've been sitting on a Pile here, most of it for over a year now, I wish current management would "LEARN HOW TO RUN A PUBCO"...
Whole OTC has been...
+33% surprise surprise...
Lyrics say-it all;
10-MONTH's &-Still don't know.."Names of Rental Contracts"..IF.exist.at.all??
ZERO Buying today..ALL Sells; https://ih.advfn.com/stock-market/USOTC/ultrack-systems-pk-MJLB/trades
Let's see if we can get-back to..10 first...
To think KNOS hit .45 last year..
1/2 day...
Q1 2022 hopefully this one takes off...
Pincher-Play pattern forming on Chart will post it later...
Seen this?..UnReal..Deleted on Twitter I saved a copy just uploaded it;
General Consensus is that it was-NOT True...
Have to Disagree..Most Smell Right..It's just a-Couple Flies-in-the Soup..NOT Many...