Ultrack Systems Inc (MJLB)

[JakeFromSF]

One might ask, just how much can we expect the ELD to cover in terms of revenue and demand?

Simply put...quite a bit imo: https://www.krway.com/about/industry-facts/?doing_wp_cron=1614801918.9161469936370849609375

Estimated 700,000+ trucks in Canada. Also, the United States has their own mandate for ELDs, which is highlighted in this PR https://backend.otcmarkets.com/otcapi/company/dns/news/document/45980/content which also goes over how the partnership with Telus helps considerably with the US market. Every truck you see and MF as you go along the highway in the US and Canada, with the sparing exception of a collective few, are going to need an ELD. Not to mention, the US' fleet management and GPS tracking market is roughly TEN times that of Canada. We focus a little too much on Canada since this is a Canadian company with an upcoming mandate in its country...stop thinking so small.

Furthermore, trucking and commercial drivers are not merely over here on this continent. Across the pond, we have plenty of potential clients. When this pr https://backend.otcmarkets.com/otcapi/company/dns/news/document/46258/content
says worldwide expansion, they mean it.

Iridium Satellite and Kore Wireless help MJLB expand the reach across the globe. I don't know why this hasn't sunk into many investors' heads! Worldwide expansion and potential. We are not bound by the shackles of a small market.

For the most part when I Google basic ELDs, I get an average rate of $10-$20 per month PLUS the initial cost of the device. Ultrack stated our ELD will be an industry disruptor. Big words, but I think the contracts, partnerships, and verbal contingent agreements speak to those words' value. Imagine nabbing up these millions of orders with monthly income for each one after the initial purchase? Do you smell what the Jake is cooking?

And this is just the ELD!! Couple that with their other products http://ultrack.ca/en-US/Products.aspx and you have the ingredients for an oh so sweet recipe. I find this company absurdly undervalued. Given the OS, the CEO following up on his word, the transparency of management, the company making moves with brand names, the hope for future share buybacks And/Or dividends from the following PR https://backend.otcmarkets.com/otcapi/company/dns/news/document/46739/content, and everything else...am I missing something?

Again, this is what I am seeing, and you are entitled to your own opinion and DD for your own investments. A large chunk of mine is here, and I think it is for good reason.

GLTA and to all a good night,
Jake