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This stock will easily quadruple from here...probably much more...before the end of the year. Of course, dumb asses will be dumb asses. Go flip away. The rest of us will make our fortune on this stock holding it long.
zero logic.
MJLB demonstrating our state of the art ELD pic.twitter.com/3SLWd5M4Pq
— Ultrack Systems Inc. (@UltrackI) October 21, 2022
I said there has been no significant dilution of this stock if you compare early 2021 to today. You say, "That is a big pile of bullshit and you know it." Then you go on to say: "Steve reduced the share count early last year to pump up the share price, and has diluted the count right back where it was." So I repeat, there has been no real dilution since the beginning of last year. He reduced the share count and increased it by almost the same amount. I don't understand what you seem not to understand about what I said. But I now officially give up on this, seemingly, simple point. The record is the record: In December 2020, the outstanding shares were 375 million. Today it is 420 million. Can I make it any easier for you?
Read it and weep: https://www.otcmarkets.com/otcapi/company/dns/news/document/46739/content
The outstanding shares were 375,106,643 Common Shares
That's after he reduced the outstanding shares by one quarter. Sorry that you can't make the point you want to make. As of January 31, 2021, the number of shares outstanding of our Common Stock was: 375,106,643 Common Shares. MIC DROP.
On Feb. 1, 2021, there were 375,106,643 Common Shares compared with today's 420 million. END OF STORY. FACTS ARE FACTS.
you didn't prove anything.
FOR THE FOURTH TIME NOW: I SAID FEBRUARY 2021!!!!! Yes, FEBRUARY 2021. Not MAY 2021, when he reduced by one quarter the number of shares. FEBRUARY 2021!!!! GOT THAT!!!?????
Incredible that people can't seem to read these days. I said February 2021--yes, for the third time now, FEBRUARY 2021!--the outstanding shares were essentially the same as today: 375,106,643 Common Shares compared with today's 420 million. GOT THAT!!!!! You call that meaningful dilution?!!!!!!
I said: "There's been no real dilution here. The outstanding shares today are the same as they were in February of last year." Where do you show outstanding shares for February 2021?
There's been no real dilution here. The outstanding shares today are the same as they were in February of last year. And that's a fact! The moron who is almost done selling his/her one million shares at .007 must be suffering from some kind of self-hatred--the type that mutilates himself/herself for fun. Thankfully, I bought 500,000 from this dummy.
"Just to be clear," I now own 7 million shares, and I haven't sold one of them yet. We'll see who gets the last laugh: the flippers or those that hold their shares for certification and contracts (should be within the next two months.) The story here is far from over. It's just beginning.
I got my 700,000 shares today at around .0067. Thanks sellers!!!!
Business isn't as simple as waving a magic wand and it's done. Steve has a Microsoft ELD, no one else does. The tests were setup for Android. There have been delays, and we're all frustrated. Steve is fighting TC's decision to allow backend adjustability. This fight has taken the past 7 months to resolve itself. We're all hoping that the resolution will be any day now and that TC will rule in Ultrack's favor. If so, it means great things for Ultrack. If the TC's ruling is not in Ultrack's favor, then Plan B is to add backend adjustability and finish the remaining 7% of the tests and get certified. At any rate, a certified ELD with manual will be available before the end of the year. There are lots of clients and sales already--but, as yet, unannounced. Lots and lots of catalysts to boost the stock price, which has been hammered to unreasonable levels by all these delays and people, like yourself, who have reached the (wrong) conclusion that Steve is either a crook or entirely incompetent. He is neither. Time is on our side (at least, those of us who want to make money on MJLB, which you seem to have given up on).
Amen to these remarks by lampspost, which are spot on and deserve reiterating: "I can understand Steve getting a little nasty with people telling him how he should run his business that is his complete livelyhood. I have to trust he knows what he is doing as I am not in his shoes. Cant imagine why I would rip on him and call him names if I had a big investment here, I have learned over time to not trust anyone on these boards."
I deal with people for a living, and I repeat: Steve is friendly, knowledgeable, timely, and professional in his responses to my queries. If you've had different personal experiences with him, well that's for you to say, not me. From what I've gathered from you, however, you've never had any contacts with Steve, right?
I understand your frustration but I don't understand your seething animosity towards Steve, which is palpable. He strikes me as a rather nice guy--friendly, knowledgeable, timely, and professional in his responses to my queries. Leaving that aside, his future is our future--we're inextricably tied at the ankles. Given this interdependence, I hope his future is a very bright one, indeed.
This final hour is going to get very interesting, IMO.
I certainly understand your frustration. I own six million shares, most of which I paid at ten times or more the current price. But there's nothing we can do about the past. We should all be rooting for Steve to succeed beyond our wildest expectations. I pray for it every night. He's done it before, he can do it again! It was a subpenny stock in December 2020 before it soared to 26 cents in February 2021.
Remember: The companies who have gotten certification are peddling cookie-cutter Android ELDs. Only Ultrack has a Microsoft-based ELD. It's apples to oranges. Unfortunately, the testing protocols were designed for Android ELDs. Hence, Ultrack's certification has suffered numerous delays. In the end, however, Ultrack will offer a superior product (certainly a different and unique one), which will translate into market share. I'm hoping that Transport Canada will overturn their decision to allow backend adjustability. If that happens, Ultrack will be sitting very pretty indeed--its competition (the certified Android ELDs) will have to be reprogrammed.
Steve has lots of interesting things to say about Ultrack. He has never claimed "he can't speak to anything." You're putting words in his mouth, no?
Btw, the NDA is not a gag order. Steve and Robin are allowed to speak, of course. They are limited, however, in what they can disclose.
I can't go. But it's an excellent idea! Someone here should go.
Strong words for someone who has never spoken with Steve or Robin at ComDriver or have you? I have. You say spot #535 is "probably in the darkest dreariest corner of the convention." Do you have proof of that? You say: "Peddling a non certified apparition of an ELD? It's nothing but a shareholder paid vacation for him." What proof do you have of that accusation? You say: "...time is running out on this sham." What proof do you have that this is a sham (definition: a thing that is not what it is purported to be)? Ultrack is not what it is purported to be?
I repeat: certification and finalized contracts are imminent.
It makes no sense whatsoever to sell now. Certification and contracts are imminent. The price should quadruple in no time. Selling at these prices at this time is completely irrational...unless your goal is to throw away your money.
One million shares on the ask at .007!!!! How could anyone be stupid enough to sell that many shares at .007 at this time--right ahead of certification and the finalizing of pending contracts? It's a massively stupid move.
"Ultrack will proudly display its suite of products, including its soon-to-be-released flagship ELD device." Ultrack CEO Michael Marsbergen commented: “I am looking forward to showing off our product line and especially our new flagship ELD device to the public eye. Decision-makers and fleet managers will be at this event so it is an important time for Ultrack to put its best foot forward in an effort to secure new business. I hope to see many of Ultrack’s valued investors at the show if you are in the area and able to attend!”(OCT 20-21, 2022)
People, if you're not buying right here, right now, you're either broke or not very smart. There is no doubt that this stock will quadruple, at the very least, within two months. No doubt. Do you have something that you think will do better? If you think so, I'll take the Pepsi challenge with you. Name your stock and let's see. (EMED was mentioned a month ago--it's down substantially since then.)
This stock was 26 cents just last year. It will return to 10 cents at a minimum before January 2023. There is lots here and a great future ahead. We've been stalled by a government agency, but that will end soon. Please understand that government agencies run on their own timetable; the minister of transportation was also in charge of airports and with Covid apps, and he was having a hard time. His attention and worries were focused on those issues, not the mandate. In addition, he is very inexperienced in anything transportation related and out of his league. Things will pick up now that the airport problems are out of the way. You'll see. Buy now--you can't go wrong when you buy low...and this is the bottom.
There is no hardwire issue. None. Re a bet: I've already bought 6 million shares, betting that certification will come. That's called putting your money where your mouth is. That said, I don't think it's much of a bet; I think it's a certainty. After certification comes contracts. With contracts comes more market share. Remember: product differentiation is a good thing when it comes to market share.
"Certification WILL come and all will be right with the world. In the meantime Ultrack keeps on rolling adding new clients and more to existing clients. Adding new products and expanding [its] tracking portal Relax [shareholders] and enjoy life instead of getting yourself all worked up." Words to live by.
"Not Following the Rules of Wiring construction"? Huh? Explain please.
MJLB is back to the shares outstanding that it had in Feb. 2021: 421 million--a quite reasonable amount of shares for an OTC stock (or otherwise). We're not talking 4 billion shares here. So talk of dilution is a bit harsh, in my view.
It is important to point out that companies that have already gotten their ELDs certified are peddling cookie-cutter Android ELDs. Only Ultrack has a Microsoft-based ELD. Unfortunately, the testing protocols were designed for Android ELDs. Hence, Ultrack's certification has suffered numerous delays. In the end, however, Ultrack will offer a superior product (certainly a different and unique one), which will translate into market share. I'm hoping that Transport Canada will overturn their decision to allow backend adjustability. If that happens, Ultrack will be sitting very pretty indeed--its competition (the certified Android ELDs) will have to be reprogrammed. Anyhow, bashers who make the point that other companies have achieved certification and this indicates that Ultrack's management must be incompetent are comparing apples with oranges.
Steve has never "lied" about anything. If you think otherwise, please inform us of his "lies." He has made predictions that have proved incorrect; but that's over-optimism, not a lie. He certainly believed what he was saying was true when he said it.
Steve is supremely confident about the future. Load up right now people! Load up here or regret it bigtime later.
Steve is optimistic about the future, which is good, because he has all the private information--information that, thanks to the Canadian government, we the mere investors aren't privy to. One wonders, however, who the Canadian government is seeking to protect with the NDAs, and why?
To MJLB longs: Though I know it can be difficult, don't let the long silence unnerve you. Steve has exuded supreme confidence and calm in my brief exchanges with him recently. I sense no fear or uncertainty in him about Ultrack's future.
Actually, the OS was roughly 400 million in February 2021; today it's 396 million. So there's been virtually no change. Of course, Steve did retire 1/4 of the OS early last year. Now they're back in the mix. No big deal (indeed, highly expected) considering that Ultrack plans market launches for both its soon-to-be certified ELD and seminal Pet Tracker--both during the first half of this coming year.