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MJLB (Ultrack Systems) Major Run on EV (electric vehicle) Tracking Pioneer As Company Prepares for ELD Product Launch

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MJLB (Ultrack Systems) is on a wild run up the charts in recent months skyrocketing out of the triple zeros to recent highs of $0.26 per share. The stock has been under heavy accumulation recently and volume has picked up substantially with MJLB regularly trading over US $1 million in dollar volume per day. MJLB started moving last year, moving up off the triple zeroes and moving northbound as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And compared to TSNP, MJLB is truly a shining light of a Company with a real business and multi-national global corporations as customers.  

The time could not be better for MJLB to make a real powerhouse move to a whole new dimension like so many other penny stocks are these days especially in the EV space. We have been reporting on ABML huge rise. These are exciting times for Ultrack Systems, an early pioneer in the EV space currently readying the launch of its new ELD product in 2021 in partnership with major corporations that management expects will take the trucking industry by storm. As we reported earlier on MJLB when the stock was sub $0.02 the Company already has a number of big-name clients; MJLB successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models. Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use MJLB tracking platform for their BMW i8 and Tesla models. MJLB also consummated a business partnership with TELUS one of the biggest telecoms in north America with a $25 billion market valuation trading on the NYS and Canadian TSX Exchange under the symbol T. More recently MJLB inked two new deals for Ultrack’s products and services to be used by two high-end car rental companies. These car rental companies represent brand new clients for Ultrack and immediately helps the Company to achieve deeper penetration into the enormous car rental/leasing space. MJLB has been working hard behind the scenes recently securing a debt reduction of $105,150.00 representing approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021. As of the last Q MJLB has just $171k in total liabilities an incredibly low number. The Company has also recently successfully completed the process of retiring 100,000,000 shares that are currently issued and considered “outstanding” with its corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is approximately 275m. Management states it will continue to look at options as the year progresses including possibly reducing more outstanding shares or whether a share buyback and or dividend makes more sense. 

MJLB (Ultrack Systems) operating out of Concord, and Vaughan, Ontario Canada is a publicly traded company listed on the OTC bulletin boards. Ultrack Systems Inc., is a provider of GPS tracking solutions that develops, implements, and distributes electronic monitoring and tracking systems for companies in leasing, transportation, construction, disposal, and many other service driven industries. The Company’s platform; Utrack includes live tracking, reports, and alerts on a web-based platform. Ultrack Systems mission is to provide the best fleet tracking, reporting systems and its commitment to service. The Company plans to launch a new ELD product in 2021 in partnership with major corporations that will take the trucking industry by storm. 

MIcrocapdaily reported on MJLB on December 8 when the stock was sub $0.02 stating: “Ultrack Systems Inc (OTCMKTS: MJLB) is making an explosive move up the charts in recent days as its global tracking solutions gain serious traction. The Company has successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models. Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use MJLB tracking platform for their BMW i8 and Tesla models. Ultrack is preparing to expand further into the EV market in 2021 by updating its platform with specific features related to the EV sector which was worth $162 billion last year and growing fast. MJLB also recently consummated a business partnership with TELUS one of the biggest telecoms in north America with a $25 billion market valuation trading on the NYS and Canadian TSX Exchange under the symbol T. These are very big events for a microcap stock with just 350 million shares outstanding that are rapidly being accumulated by investors. 

TELUS has been a really happy customer of MJLB recently commenting on the partnership: “Since the TELUS partnership began, Ultrack has implemented a non-disruptive, phased deployment approach throughout the pandemic to its entire customer base, including all of North America and Mexico. This strategy has been beneficial within the last half of the 2020 calendar year as most of their clients are in the transportation and logistics business and are deemed essential workers.

MJLB has is almost debt free and management seems committed to increasing shareholder value. Recently the Company reached a decisive and favorable settlement with its key funder for a substantial debt reduction of $105,150.00 representing approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021. As of the last Q MJLB has just $171k in total liabilities an incredibly low number on the bulletin boards where most companies have millions in debt and many haver over $10 million in debt. 

Earlier this month Ultrack Systems reported it has successfully completed the process of retiring 100,000,000 shares that are currently issued and considered “outstanding” with its corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is approximately 275m. The 100,000,000 common share reductions are in keeping with management’s commitment to shareholders to growing this Company and adding value wherever possible. Management states it will continue to look at options as the year progresses including possibly reducing more outstanding shares or whether a share buyback and or dividend makes more sense. 

In our previous report on MJLB we outlined the Company’s development of its J1939 CANBUS Device. The J1939 is developed to provide the most complete and comprehensive list of vehicle information available at the click of a mouse. The Company is not aware of any other single product that provides as much real-time data to vehicle fleet managers as the upcoming J1939. The Ultrack J1939 CANBUS Device was developed for transport that does not require Electronic Logging Device (ELD) but would benefit from the comprehensive engine and overall vehicle data that it provides. 

We also covered the newly consummated business partnership between TELUS and Ultrack Systems. TELUS currently trades under the ticker symbol TU on the New York Stock Exchange and has a market capitalization of approximately $25 billion USD as of December 2020. TELUS company stock also trades on the Canadian TSX Exchange under the symbol T. TELUS has been working closely with Ultrack, focusing on developing systems and processes that took their multiple pricing plans and billing requirements, product roadmap, and hardware and software integrations into consideration.  

Investor sentiment for MJLB is very high:

https://twitter.com/AlexandraHovor/status/1359166975268827144

https://twitter.com/TradeOfThoughts/status/1361016847252996104

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There seems to have been some shorting primarily by Citi is using GTSM and CDEL. This seems like a dumb course indeed considering MJLB’s global clients such as TELUS, BMW and Tesla as well as the coming launch of the Company’s new ELD product this could rapidly turn into a massive short covering rally. 

MJLB has been making big moves; in January the Company reported it has entered into contractual agreement with both Kore Wireless and Iridium Satellite in a strategic effort to expand Ultrack services worldwide. Ultrack renegotiated an existing Kore Wireless contract that further opens up Ultrack’s coverage to an additional 180 countries worldwide. Leveraging the power of in-vehicle video analytics, Electronic Logging Device (ELD) functionality, and location-based services in order to deliver deep insights to fleet managers.  

 

Iridium Satellite (NASDAQ: IRDM) is the world’s only truly global mobile satellite communications company. With a reliable global network, Iridium powers new and innovative opportunities through industry-leading core technology and an ecosystem of partners with expertise in virtually every market. Iridium valued at over $5 billion did $560 million in revenues last year. Iridium Satellite targets areas in which cellular service is limited or non-existent but where the need for corporate connectivity is still essential allowing Ultrack products and services to be effectively used in areas with very remote coverage zones worldwide such as isolated oil pipelines and throughout major ocean ways. 

On February 11 MJLB announced the Company has secured two new contracts for Ultrack’s products and services to be used in two fleets of high-end car rental companies. Additionally, the Company is now in the final phase before the official launch of Ultrack’s new ELD product and substantial hurdles have been cleared successfully. In early February, the Company inked two new deals for Ultrack’s products and services to be used by two high-end car rental companies. These car rental companies represent brand new clients for Ultrack and immediately helps the Company to achieve deeper penetration into the car rental/leasing niche, which happens to be vast.  

The global car rental market size was valued at $92.92 billion in 2019 and is projected to reach $214.04 billion by 2027, registering a CAGR of 10.7% from 2020 to 2027. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the forecast period. 

Recently management reported the Company has begun the testing phase of the Company’s new ELD product and anticipates certification by March. This new ELD product integrally partners with TELUS $TU and Iridium Satellite $IRDM. These partnerships provide potential for exponential growth once the new ELD device becomes officially available for our current customer base as well as new clientele. 

The ELD is rapidly becoming a required component across international jurisdictions as countries like the USA and Canada have begun to mandate that commercial fleets be outfitted with the devices to electronically log driving hours, engine data and other compliance specifications. The ELD market is booming accordingly and the Company is strategically positioned to take advantage of this rapidly expanding market with top-of-the-line components and the industry’s most robust software. Any US carrier entering Canada will need to be using certified hardware and the hardware they are currently using will need to be certified by the 3rd party certification company for Canadian roadways. Which will put Ultrack in a very good position for US market sales. 

Ultrack Systems recently stated they are in talks with two entities (one company and one government) that represent massive fleets of vehicles keenly interested in Ultrack’s new ELD product. These companies have provided a positive verbal commitment to come online with Ultrack’s new ELD once the ELD approval process is completed. 

MJLB is an early pioneer in the EV market valued at $162.34 billion in 2019, and projected to reach $802.81 billion by 2027, registering a CAGR of 22.6%. Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019. North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%. 

Ultrack CEO Michael Marsbergen enthusiastically commented: “Ultrack’s new ELD product will be submitted at the end of February for the approval process by regulators and once approved, our new ELD product will be an industry disruptor. Our device is faster, longer ranged, has more robust infrastructure, more security, and ultimately provides far more comprehensive real-time and logged data to the end-user than anything currently available. Reaching the finish line on our new ELD device will catapult Ultrack into a new tier of revenue and industry recognition. I feel like the past 14 years of business is leading up to this point: all of our technology that we’ve built upon, all of the strong industry relationships we’ve grown, all of our strategic partnerships with multi-billion-dollar corporations like Telus and Iridium Communications. I believe that Ultrack’s new ELD is going to become the new trucking industry standard at some point in 2021-2022.” 

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MJLB is on a wild run up the charts in recent months skyrocketing out of the triple zeros to recent highs of $0.26 per share. The stock has been under heavy accumulation recently and volume has picked up substantially with MJLB regularly trading over US $1 million in dollar volume per day. MJLB started moving last year, moving up off the triple zeroes and moving northbound as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And compared to TSNP, MJLB is truly a shining light of a Company with a real business and multi-national global corporations as customers. The time could not be better for MJLB to make a real powerhouse move to a whole new dimension like so many other penny stocks are these days especially in the EV sector stocks such as ABML. These are exciting times for Ultrack Systems, an early pioneer in the EV space currently readying the launch of its new ELD product in 2021 in partnership with major corporations that management expects will take the trucking industry by storm. As we reported earlier on MJLB when the stock was sub $0.02 the Company already has a number of big-name clients; MJLB successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models. Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use MJLB tracking platform for their BMW i8 and Tesla models. MJLB also consummated a business partnership with TELUS one of the biggest telecoms in north America with a $25 billion market valuation trading on the NYS and Canadian TSX Exchange under the symbol T. More recently MJLB inked two new deals for Ultrack’s products and services to be used by two high-end car rental companies. These car rental companies represent brand new clients for Ultrack and immediately helps the Company to achieve deeper penetration into the enormous car rental/leasing space. MJLB has been working hard behind the scenes recently securing a debt reduction of $105,150.00 representing approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021. As of the last Q MJLB has just $171k in total liabilities an incredibly low number. The Company has also recently successfully completed the process of retiring 100,000,000 shares that are currently issued and considered “outstanding” with its corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is just 275m. Management states it will continue to look at options as the year progresses including possibly reducing more outstanding shares or whether a share buyback and or dividend makes more sense. We will be updating on MJLB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MJLB.

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Disclosure: we hold no position in MJLB either long or short and we have not been compensated for this article.

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Meta Materials Inc (OTCMKTS: MMTLP) Short Squeeze is ON as FINRA Approves Corporate Action, DTC Notifying Brokers; Effective Date is Tuesday December 13

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Meta Materials Inc (OTCMKTS: MMTLP) is rocketing up the charts after FINRA approved the corporate action and its now displaying on the daily list with the effective date of Tuesday, December 13. DTC will now send the corporate action notice to brokers who will begin closing out short positions; the MMTLP short squeeze is now ON. According to FINRA MMTLP shareholders with settled positions as of December 12, the Record Date will receive 1 share of Next Bridge Hydrocarbons, Inc. for every 1 share of MMTLP held on the Pay Date of December 14. Purchases of MMTLP executed after December 8 will not receive the distribution. To receive the dividend once must own or buy the stock tomorrow or Monday and hold through the effective date. MMTLP shares will be canceled effective Tuesday, December 12 at 4pm. Expect a press release from META premarket tomorrow explaining everything in detail. 

Our thoughts on MMTLP and what happened: 

As everyone knows by now MMTLP was halted and will not resume trading again. If you go on YouTube there are dozens of videos now saying that FINRA is corrupt and working with the hedge funds to screw the little guy and that what happened to MMTLP is “unprecedented” and nothing like this happens on the bulletin boards.    

This of course is not what happened FINRA is not corrupt and they are not working with anyone. FINRA rightfully halted the stock to protect shareholders who would have bought MMTLP after the 8th because anyone buying after the 8th did not get the Nextbridge shares and would have been buying an empty placeholder. Everyone who was invested in MMTLP will now be shareholders in Nextbridge Hydrocarbons, a private Company.

As for the short squeeze, we believed just like everyone else, MMTLP was skyrocketing up the charts, dozens of YouTube channels, stock twits, reddit everywhere else all saying the same. Youtube Bird lady rollerpigions saying there was millions of MMTLP shares short and then the Torchlight CEO John Brda appearing on multiple live streams with Bird Lady agreeing with everything she was saying and going as far as saying that “everything Bird Lady was saying was right over the bullseye” this gave her an air of legitimacy, we believed her.

We have now listened to the logic of the youtubers and one thing they all seem to miss is that MMTLP was not trading like a stock that had this enormous short position stuck in it during the last week. If an enormous short position of 10s of millions of shares had to cover in days, they would have been covering a long time ago. The last day that MMTLP traded last Thursday it lost almost half its value, relentless selling. Investors saw the writing on the wall, there was no short squeeze happening here and they were selling.  We have come to the conclusion that there never was a short position on MMTLP and in the coming days when they balance the books, we believe that’s exactly what they will show. FINRA was is just doing its job. 

________________________________________________________ 

MMTLP had a wild trading day on Tuesday falling to a low of $5.04 as the shorts executed one final massive short attack before FINRA posted MMTLP on the daily list and the stock went parabolic skyrocketing to highs of $9.70 per share and closing at $8.25 up 16% on the day on 5 million shares traded. 

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Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials (Nasdaq: MMAT) 1 MMTLP will be exchanged for 1 Next Bridge common share. 

Next Bridge Hydrocarbons is developing its Orogrande Project, in the Permian Basin in West Texas, USA. The Orogrande Project has potential for multi-stack pay zone, totaling up to 800 feet thick, with geologic and reservoir similarities to the Midland Basin. . The Permian Basin is a prolific oil and gas producing region and has produced 29 billion barrels of oil since output began in 1921 and despite that rich history, the Permian Basin’s best days could be ahead. Due to new advanced extraction techniques oil companies have figured out how to unlock the oil and gas trapped within the basins unique geology encompassing several stacked layers of hydrocarbon-bearing rock formations. Some of the biggest oil operators in the Country have a long history in the Permian Basin including Chevron, ExxonMobil, Occidental Petroleum, and Apache and many, many others. 

Image

https://twitter.com/MMATNEWS/status/1600221162168279040

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On Reddit, in the subreddit r/MMAT u/Free_Bid6752 posted: FINRA UPDATED 

AriaTisa replied: “The stock MMTLP will stop trading after closing on December 12th. If you are short, you have to close your position by then. If you want NB stock, you must buy MMTLP by end of the 8th and hold. Selling your shares on the 9th or 12 means the person who bought it will get NB stock but you have to transfer it to them.” 

NotRichorFamous replied: “Next bridge is the private company that MMTLP is turning into. It’s expected that it will either get bought out by a big oil company or the land will be sold to a big oil company and stock holders will get a cash dividend at that time.” 

Standard-Letter1130 replied: “To close the estimated (confirmed by John Brda there was that many, not sure how many of that original still need shares to cover) 80M TRCH (trapped) positions. A short would require 1 MMTLP & 0.5 MMAT shares. They will run up together, just not entirely sure by how much, but looks to be around a 15%-20% ratio. I.e. MMTLP goes up to $100, MMAT would be around $15-$20 based on the price ratio since S1 Approval.” 

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Disclosure: we have not been compensated for this article. We have never spoken to anyone at MMLTP, we believed what everyone was saying including the tweets from John Brda and RollerPigeons on youtube because she regularly spoke with John Brda and NextBridge/Meta management. Now I think it was all a lie, I dont think there ever was all these millions of shares short. We got caught up in the hype and we apologize to anyone that lost money. To be clear, we did not trade this stock, just as we dont trade any stocks posted on this website, we just wrote about it thats it.

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Meta Materials Inc (OTCMKTS: MMTLP) Enormous Short Position in Trouble as Next Bridge Hydrocarbons Set to Stop Trading (George Palikaras & John Brda on Corporate Action)

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Meta Materials Inc (OTCMKTS: MMTLP) has an enormous week ahead as the short squeeze enters its final trading days and the massive estimated 80 to 100 million short position must now cover. The excitement on MMTLP is palpable with numbers like $60 per share or $80 per share at the height of the short squeeze being thrown around and many investors vowing not to sell MMTLP for less than $100 per share. John Brda and George Palikaras have gotten busy on twitter as we wait for the corporate action to be processed by FINRA and sent to brokers by DTC. While shorts time to cover is running out, they continue to play short and distort, borrowing another 291,000 shares on Friday alone, and launching 3 separate short attacks throughout the day.  

Our thoughts on MMTLP and what happened: 

As everyone knows by now MMTLP was halted and will not resume trading again. If you go on YouTube there are dozens of videos now saying that FINRA is corrupt and working with the hedge funds to screw the little guy and that what happened to MMTLP is “unprecedented” and nothing like this happens on the bulletin boards.    

This of course is not what happened FINRA is not corrupt and they are not working with anyone. FINRA rightfully halted the stock to protect shareholders who would have bought MMTLP after the 8th because anyone buying after the 8th did not get the Nextbridge shares and would have been buying an empty placeholder. Everyone who was invested in MMTLP will now be shareholders in Nextbridge Hydrocarbons, a private Company.

As for the short squeeze, we believed just like everyone else, MMTLP was skyrocketing up the charts, dozens of YouTube channels, stock twits, reddit everywhere else all saying the same. Youtube Bird lady rollerpigions saying there was millions of MMTLP shares short and then the Torchlight CEO John Brda appearing on multiple live streams with Bird Lady agreeing with everything she was saying and going as far as saying that “everything Bird Lady was saying was right over the bullseye” this gave her an air of legitimacy, we believed her.

We have now listened to the logic of the youtubers and one thing they all seem to miss is that MMTLP was not trading like a stock that had this enormous short position stuck in it during the last week. If an enormous short position of 10s of millions of shares had to cover in days, they would have been covering a long time ago. The last day that MMTLP traded last Thursday it lost almost half its value, relentless selling. Investors saw the writing on the wall, there was no short squeeze happening here and they were selling.  We have come to the conclusion that there never was a short position on MMTLP and in the coming days when they balance the books, we believe that’s exactly what they will show. FINRA was is just doing its job. 

 

Meta Materials Inc (OTCMKTS: MMTLP) is the placeholder for the Next Bridge Hydrocarbons Spin off from Meta Materials. One MMTLP (Series A Preferred share) will be exchanged into one Next Bridge common share once the spinoff is completed.

Next Bridge Hydrocarbons is exclusively developing its Orogrande Basin asset, the Orogrande Project, located in the Permian Basin in West Texas. The Orogrande Project has shown to have potential for multi-stack pay zone, totaling 600 to 800 feet thick, with geologic and reservoir similarities to the Midland Basin. 

The Permian Basin, also called West Texas Basin, is a large sedimentary basin in western Texas and southeastern New Mexico, U.S., noted for its rich petroleum, natural gas, and potassium deposits. The Permian Basin is one of the most prolific oil and gas producing regions in the world. The Basin produced a prodigious 29 billion barrels of oil since output began in 1921. However, despite that rich production history, its best days could lie ahead. Thanks to new extraction techniques oil companies have finally figured out how to unlock the oil and gas trapped within its unique geology encompassing several stacked layers of hydrocarbon-bearing rock formations. Permian Basin operators are driving oil and gas production to all time new highs. Many of the biggest oil operators in the country have a long history in the Permian including Occidental Petroleum, Chevron, ExxonMobil, and Apache to name just a few. 

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Metamaterial News tweeted on Thursday that there are “Over 150 comments on @FINRA page/post regarding MMTLP (Their Twitter Engagement up 500%+ ) Over 200 mentions of $MMTLP and @FINRA from peoples post. Over 20 confirmed calls to FINRA regarding MMTLP. We are using are voice as investors now let’s see action. On Saturday he retweeted:

https://twitter.com/AShortSqueeze/status/1599021715161419776

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John Brda h John Brda has continued tweeting on Saturday concerning the corporate action tweeting: Friend spoke with @FINRA examiner.  He was told that they are acutely aware of the $MMTLP issue, but could deny corporate action or request change to S1 using rule 6490..Last bullet pt. in 6490 reads, can be denied if: there is significant uncertainty in the settlement and clearance process for the security. Telling if denied for this reason since @FINRA listed $MMTLP with no issuer knowledge and with fraud info. “While it seems unlikely that FINRA would approve the record and distribution dates and then not process the Corporate Action John Brda continues to investigate tweeting later on Saturday: “I hear there is a bit of confusion going on. @FINRA has not notified anyone of anything.  We are continuing to move forward and will push this through.”  We will update on MMTLP as soon as anything new happens so make sure you are subscribed to Microcapdaily by entering your email in the box below.

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Disclosure: we have not been compensated for this article. We have never spoken to anyone at MMLTP, we believed what everyone was saying including the tweets from John Brda and RollerPigeons on youtube because she regularly spoke with John Brda and NextBridge/Meta management. Now I think it was all a lie, I dont think there ever was all these millions of shares short. We got caught up in the hype and we apologize to anyone that lost money. To be clear, we did not trade this stock, just as we dont trade any stocks posted on this website, we just wrote about it thats it.

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Renewable Innovations, Inc. (RI) RM; the Rise of Nestbuilder.com Corp (OTCMKTS: NBLD)

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Nestbuilder.com Corp (OTCMKTS: NBLD) is moving quickly up the charts after the Company announced a reverse merger with Renewable Innovations, Inc. (RI), whereby Renewable Innovations will be the surviving Company. Renewable Innovations is a big deal; the Company is an emerging leader in clean, hydrogen fuel cell energy systems and has a deal in place with General Motors to supply the military with clean energy. Renewable Innovations plans to uplist to the Nasdaq as soon as it is eligible. 

Reverse Mergers can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. One recent RM runners that stand out is HRBR which went from a few cents (where we first wrote about it) to $3 plus. NBLD is debt free 100% fully reporting OTCQB and a valuable reverse merger candidate. NBLD hit a high of $0.93 on Thursday and closed at $0.80 up 2,200% on the day on 1.9 million shares traded. 

NBLD Friday 4PM Close Update: NBLD rocketed up another 210% on Friday to close at $2.50 per share. The stock hit highs of $3.75 on about $5 million in dollar volume. As we reported NBLD is under heavy accumulation after the Company announced a reverse merger with Renewable Innovations, Inc. (RI), whereby Renewable Innovations will be the surviving Company. Renewable Innovations is a big deal; the Company is an emerging leader in clean, hydrogen fuel cell energy systems and has a deal in place with General Motors to supply the military with clean energy. Renewable Innovations plans to uplist to the Nasdaq as soon as it is eligible. We will be updating on NBLD as soon as anything new happens so make sure you are subscribed to Microcapdaily by entering your email in the box below. 

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Nestbuilder.com Corp (OTCMKTS: NBLD) was incorporated in the State of Nevada on January 10, 2017 as a wholly owned subsidiary of RealBiz Media Group, Inc., a Delaware corporation On July 31, 2018. Prior business was servicing large and small broker accounts in the North America Real Estate Market. The Company had the ability to produce over 15,000 videos per day. They also owned the website LoseTheAgent.com. 

Renewable Innovations, Inc. (RI), goal is to accelerate the growth and opportunities within the renewable economy. The Company’s team of industry leaders brings extensive experience and connections across the Renewable, Hydrogen, and Alternative Energy sectors. Along with its partners, investors, and clients, RI is making major technological advancements with products and solutions to lead the world into a new and exciting carbon-free future. Renewable Innovations, advanced power integration, applications, and solutions are focused on creating a new Hydrogen-powered energy economy including Hydrogen Fuel Cell (HFC) scalable backup and primary power systems, Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market, Advanced Hydrogen transport and refueling vehicles and Greenhouse Grids to power communities. 

Immediately prior to the Merger, there were 6,090,580 shares of our Common Stock issued and outstanding and warrants outstanding to acquire up to an aggregate of 10,135,000 shares of our Common Stock. As a result of the Merger, we issued to the shareholders of Renewable Innovations an aggregate of 2,155,684 shares of our Series A Convertible Preferred Stock, par value $0.0001 per share, each share of which is convertible into 100 shares of our Common Stock, which represents a 93% ownership interest based on our fully-diluted capitalization immediately following the Merger. As a result of the foregoing transactions, we underwent a change of control on December 1, 2022. 

In connection with the closing of the Merger, the following changes to the Board occurred on December 1, 2022 (the “Closing Date”), which will result in a change of a majority of the members of the Board: Thomas M. Grbelja and William McLeod resigned as members of the Board, effective on the Closing Date; Robert L. Mount was appointed as a member of the Board, effective on the Closing Date; Lynn Barney was appointed as a member of the Board, effective 10 days after the mailing of this Information Statement to our shareholders; and Alex Aliksanyan resigned as a member of the Board, effective 10 days after the mailing of this Information Statement to our shareholders. 

Currently General Motors is supplying HYDROTEC fuel cell power cubes to Renewable Innovations of Lindon, Utah to build the Mobile Power Generator. GM will combine its fuel cell hardware and software with Renewable Innovations’ power integration and management systems to create a generator that can provide fast-charging capability for EVs without having to expand the grid or install permanent charging assets in places where there’s only a temporary need for power.  

Multiple development projects involving the MPG are already in process, including a demonstration of the technology as a mobile charging station for EVs funded in part by the Michigan Economic Development Corporation and the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center. This version of the MPG is expected to first be demonstrated in mid-2022. 

The California Energy Commission is funding a separate demonstration program of four additional MPGs through its Mobile Renewable Backup Generation systems program to show how hydrogen-based mobile power can help offset the loss of energy during the planned power shutoffs used to mitigate wildfires throughout the state. This demonstration is being led by the Electric Power Research Institute, the preeminent independent, non-profit energy research and development organization, collaborating with stakeholders like GM and Renewable Innovations to ensure the public has safe, reliable, affordable and equitable access to hydrogen-generated electricity.

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In addition to mobile EV charging, GM and Renewable Innovations have collaborated on the EMPOWER rapid charger. Intended to help retail fuel stations add more affordable DC fast charging capability, the EMPOWER rapid charger will help deploy necessary fast charging without significant investment in nonrecoverable electrical infrastructure upgrades, like larger feed wires, transformers and potentially new substations. 

Palletized Mobile Power Generator System – GM designed a separate, palletized version of the MPG which is now being evaluated by U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center (GVSC).  GVSC is also exploring how this version of the MPG can power heavy-duty military equipment and camps. This prototype is equivalent in size to a 60-kW generator and produces nearly 70 percent more power than traditional diesel generators. This MPG variant also contains features not typically found on diesel generators, like battery backup and output regulation.   

GM will produce HYDROTEC power cubes at its Fuel Cell Systems Manufacturing joint venture with Honda in Brownstown, Michigan. Renewable Innovations will produce the trailer-based MPG and the larger, modular EMPOWER rapid charger at their facilities in the Salt Lake City metro area. 

Renewable Innovations shareholders will retain ninety-three percent (93%) of the publicly traded entity, which has been renamed Renewable Innovations, Inc. The Company intends to leverage its breakthrough hydrogen fuel cell technology, bringing grid independent, clean, renewable solutions for power generation and sustainability to the market. Plans include expansion into retail power distribution, especially along the US highway system through organic growth and acquisitions. Currently, the company is in production on orders for government and private company projects. Renewable Innovation’s integration technology allows for rapid charging of a vehicle in under 20 minutes, offering a significant time savings over current EV charging portals. Since the hydrogen-fueled systems require no grid infrastructure, they can be provisioned anywhere that rapid, carbon-free power is needed.  

Renewable Innovations, Inc. will continue to trade on the OTCQB marketplace maintained by OTC Markets Group, Inc. under the symbol “NBLD” until such time as FINRA approves the name and symbol change. The Company intends to file for a listing on NASDAQ as soon as it is eligible. 

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NBLD is rocketing up the charts after announcing the reverse merger with Renewable Innovations, Inc. (RI), an emerging leader in clean, hydrogen fuel cell energy systems that has deals in place with General Motors to supply the military with clean energy. Renewable Innovations plans to uplist to the Nasdaq as soon as it is eligible. Renewable Innovations new campus features 170,000 sq ft of office, R&D, and manufacturing space. We have covered many reverse mergers on this website including HRBR for pennies per share which went on to run to $3 on the Air Wisconsin Reverse merger. Not since HRBR have we seen a bulletin boards RM with as much potential as this Renewable Innovations. We will be updating on NBLD when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in NBLD either long or short and we have not been compensated for this article

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