JanOne Inc (JAN)

[Principian]

Geotraq also has not filed any of the Necessary FCC Requirements. That is the biggest impediment to them even selling a single module.

From experience, this process takes about 90 days and they have had Pierre Parent now as the GM for over a year. This is a major Red Flag. This has now been going on for 3 years as to not have completed the necessary Compliance Testing and Carrier Approvals. Till this is complete, there will be No Sales.

Only thing I have seen Geotraq do with Twitter or Facebook is they seem to just be promoting these possible use cases.

Back in the fall, I had a few of my engineers inquire on getting details and after a few technical question emails were exchanged they never responded.

From looking at the numbers, they are still buring thru about $100K a month and that is on top of the ~$1 Million Writeoff they are doing each quarter on the Intangible Assets related to Geotraq.