Ultrack Systems Inc (MJLB)

[tele55]

Something has gone wrong since the end of March, when we were told that cert was 90% done. So the big and important question is: how bad is the problem? Is it fatal or just another bump in this long and circuitous road? We can all agree that Steve's silence since March has been extremely unwelcome and unhelpful to shareholders (there is an NDA, but that never stopped him from talking in the past). Fwiw, I think it's more likely that he would have said something if the problem were fatal. If the problem is just another delay, then he probably figures that telling us how long he thinks the delay will be is more risky than it's worth (I'm sure he regrets predicting in Dec. that cert was weeks not months away). Better to just wait and give us the good news when it arrives. If and when the share price soars, all will be forgiven (that's the logic he's probably using now).