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Hello Crew,


Make sure you are ready for what could be a big week.  As you know, we’ve been closely following 3 companies, Allied Energy Corporation (AGYP), Ultrack Systems (MJLB) and Eco Depot Inc. (ECDP):


All three stocks are sitting at potential entry levels after small pullbacks on Friday.  So if you haven’t researched the companies yet, today is your opportunity.


AGYP’s first week after releasing impressive Q2 Numbers


AGYP cut its operational and net losses for the quarter — principally by reducing expenses and reinvesting all money from saved expenses back into its well development program.


Operating losses off the three months ended June 30, 2021 dropped to $85,913 from $113,368 the comparable period the prior year — a 24.2% decline. For the six months ended June 30, 2021. It cut operating expenses in Q2 2021 to  $175,461 from $231,286 — again, by 24.1%. All triggered similar drops in net loss for both periods.


This was principally achieved by cutting salaries/wages. In the 2Q period in 2021 it was $45,000 vs. $81,000 vs. the same period the prior year. In the six months  period in 2021, the salaries/wages number dropped to $90,000 from $162,000 the year prior.


George Monteith, CEO, and Gordon Johnson, COO, now routinely convert their accrued salaries into AGYP notes. The notes are unsecured, bear no interest and are convertible into common or preferred shares at market rates. This reflects management’s commitment to the company’s business model of using new technologies to make old or abandoned wells in Texas new again — producing American oil from U.S. soil.

Also important is that AGYP management used all of its cash flow for investing activities — or $224,563 — back into re-investment into its oil and gas properties. In other words, management has converted its own salaries/wages into AGYP notes and even invested any free cash flow it generated back into the well themselves. This is a management team that believes in its future performance. 


MJLB’s grows revenue by 227% 


Ultrack Systems (MJLB) reported a 227% jump in Q2 revenue, to $162,055 vs. $49,415. The filing showed a net gain for the three months of $16,550 compared to a net loss of $152,254. The primary difference in the period was a reduction in officer compensation to $9,222 compared to $151,500 last year — a $142,278 decline.


MJLB is ready to receive its certification in Canada and USA for its DrivelineELD product. It is also planning to enter the European trucking fleet market.  Ultrack Systems (OTCMKTS: MJLB) is a GPS tracking company which has announced plans to achieve strategic expansion within the European fleet market with the Teltonika line of products.


The company just released a twitter update on a DrivelineELD brochure hitting the printers, which shows they are ready to start selling to potential clients.


ECDP Starts Bounce, Could Continue This Week


After hitting its YTD low, ECDP’s stock started its bounce last week from $1.06 to $1.17.  The company is 300% below its YTD high of $4.91 meaning there is a ton of headroom on the chart for this ESG play that is set to roll out its Bronya Climate Shield paint which reduces energy costs up to 40%.  The company is opening its first production facility in North America.  This facility will be a total of 4,200 Square Feet with a production capacity of 2,700 gallons per day, capable of generating revenues of 107,994.60 USD per day.   




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Good Trading & God Bless,


Mark McKelvie

Editor Wall Street Grapevine


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