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Here are two links from the SEC that should make for a very interesting reading. I believe they tell the whole story on why management and I TKG has not filed a 10K or 10 Q. And probably has no intention of doing so.
https://www.sec.gov/Archives/edgar/data/1018281/000114036116057502/filename1.htm
https://www.sec.gov/Archives/edgar/data/1018281/000000000016066446/filename1.pdf
It appears management has decided to allow ITKG to become a non-filer! Probably has something to do with the SEC communications (letters) of not being satisfied with previous filings. My guess is in order to file the 10K it became a much too onerous process of having to go back into history, revise and update in order to comply with the SEC directives. Selling stock will continue unabated!
First they need to sell more stock so they can pay someone to file it.
Another month has passed and nothing of value has been offered or received. Still no delinquent 10-K. Still no delinquent 10-Q. What`s the problem?
Thin
Sorry.
Oh My, 54,500 shares of ITKG sold at $0.0854! Are those new shares?
Of course you meant $.0854, right?
Thin
I didn`t see any comments. Please tell me your post was not intended to prove some sort progress toward a 10 year old failed commercialization effort. More likely progress towards some future debt goal. Ha, ha.
Progress towards getting relisted? Where`s the 10-K? Where`s the 10-Q? Without them, no measurable results can be obtained and no pledged progress can be verified. Commercialization remains a 10 year old dream for the product and a 4 year old dream for this management.
Today`s events only serve to pave a few more miles of the road to possible oblivion.
Thin
Oh good, Integral will be able to raise more capital and stay in business a while longer.
Stock is still their biggest money producer.
Where is that guy who kept assuring us there is no dilution, and there would never be anymore dilution. Liar, Liar, Liar!!!
What do you think their private placement will have to price the shares at to sell, my guess is a nickel or less.
"Today, as I write to you as your newly-appointed CEO, I have heard many of your concerns and questions. "Do you guys know we're out here?" "Why doesn't the company tell us anything?" "What's this new management team up to?" "What is your plan?"
These are valid concerns and demonstrate our need to do a better job of communicating our vision, progress and direction. Your support, understanding and commitment to us have been, and will continue to be, essential to the success of Integral. To that end, I will focus on the future, not dwell on the past, by pledging to do a better job of keeping you informed – beginning now."
That "pledge" was made in a press release dated January 23, 2013. It was titled:
" Integral Technologies, Inc. CEO Letter to Shareholders"
Hmmm, communicating our vision, progress and direction......Vision and direction, we are all aware, pretty much fall into that forward looking statement category. Yea, that`s nice, we all need a goal. But progress is where I really hoped we would see some honest dialog. Instead, we just got more rear view mirror press releases, and most recently, 6 months of "progress" deliberately withheld. That "pledge", it turns out, seems to just be another promise this CEO finds he can use when it serves him, and ignore when it doesn`t.
Caveat emptor, let the buyer beware!! I won`t be pledging My votes until he decides to uphold HIS pledge. It`s as simple as that.
Thin
I think there is more to it than that. They adjourned the vote because there were not enough shares voted to constitute a quorum.
To me, that means management does not control or influence enough shares to control the vote. If they did, the vote would have passed.
Confusing proxy or not, this tells me management does not have much skin in the game here. They would not have been confused by a goofy proxy - you can bet for sure that management knew exactly what a yes vote would do, what a no vote would do and what not voting would do.
"so IR is contacting share holders to get them to vote."
Where`s the 2016 10-K?? Where`s the now also delinquent 10-Q? I, and my family, will continue to withhold our votes until Management provides the delinquent SEC documentation. What`s the problem??
Thin
The explanation is simple: the proxy papers that came in the mail seemed to indicate that a non-vote was a yes vote. But what is true is that a returned proxy vote that did not vote yes or no is a yes vote. But a non-vote is a no vote. I did not get an proxy material from TDWaterhouse, so I did not vote, thinking a non-vote was a yes vote, as other proxy forms I got seemed to indicate. So I am now getting all of my voting numbers from TDWaterhouse so I can vote. Quite a few investors thought as I did, so IR is contacting share holders to get them to vote.
A new 8-K filed yesterday moves the proxy vote out to Nov. 28. No explanation given. Mr. Communicator strikes again.
Thin
No 10K for last fiscal year! No 10Q for last quarter! Is it possible they have decided to become a non-filer with the SEC? Couple that with the potential addition of 100 million new chairs and what do you have? A potential recipe for disaster with the current PPS
Sorry, don't know.
What was the cost to acquire this opportunity?
The plastic is only new to Integral. And there is probably more than one. The customers are pre-existing customers to the other company. This whole thing is just a good opportunity for Integral.
So where`s the 10-K? The quarter/year ended on June 30. It was due on Sept 30. It`s now November. What`s the problem?
Where`s Delphi? What`s the problem?
Where`s Hanwha? What`s the problem?
Where`s BASF? What`s the problem?
Where`s Chang Rim? What`s the problem?
Where`s LeddarTech? What`s the problem?
Where`s Advanced Battery Concepts? What`s the problem?
Where`s The Ultimate Battery Co.? What`s the problem?
And now we are hearing about Lower Conductive Plastic and it`s potential market. A new flavor of the month. No names. No patents. No data sheets. (Hey, where are the 10 data sheets from the new formulas announced two years ago). Some claimed revenue, but you won`t be able to see it until February of next year.....if you`re lucky. We still haven`t seen the revenue from the April, May, June, quarter for THIS YEAR. Ha, ha, ha. Caveat emptor!!!
Thin
Do you have a name for this new plastic? Do you have a patent for this new plastic? How about a data sheet? Any idea what core fiber(s) they are using? How about the base resin(s)? Does it have a name? Does it have more than one name. The Electriplast patents claim between 20% and 50% of the total capsule weight. Are you claiming this new plastic is less than 20% core fiber?
You have nothing but some kool-ade put forth in a company conference call. And a promise of some numbers that might follow 3 1/2 months from now. From a CEO that already is two months overdue on his last annual report. Where is that 10-K???
And then there is the stock price.....bumping along at pennies away from it`s most recent 12 month low. No one is buying this latest flavor of the month but you, it seems.
Thin
Another thing that is good about this arrangement, if Integral needs to, they can probably produce electriplast at th new facility. My conjecture. And, if needed, they can draw on personal for their own facility. Again, these is just my thoughts. What is important here is that one of these months, the scale is going to tip into the black - maybe with a bunch of orders that come through the other plant, or with a decent electriplast order.
This is what I understand. Integral Technologies is working with an existing plastics company to make different kinds of plastic that is not electriplast - electriplast is highly conductive, whereas the plastic we are talking about is conductive, but not conductive like electriplast. And it is not a new plastic, and the customers are not new to that plastics company. However the arrangement is set up, I don't know. What I do know is that Integral has access to that facility and to its skill base, and to customers who are buying this other kind of plastic(or plastics). So, the long and short of it is that Integral has a side line that will be bringing in revenue. I made a comment to one of Integral's PR guys that it is strange that Integral may become a real business with conductive plastic other than electriplast. He was emphatic that, no, electriplast is still the main event, but that there is money to be made with these other kinds of plastic. So, my words now, this is a good thing.
ITKG has patent protection for Electriplast. If this new conductive plastic is not Electriplast, what is it? Does it have patent protection? 200% margin for a recipe? Did BASF also get a 200% margin for the materials they provided? Did Nova also get a 200% margin for the manufacture of the pellets that they provided?
And, of course, the billing for this new conductive plastic didn`t happen until the quarter that began in October.....so no financial data will be available until the middle of February of NEXT YEAR!!!
Oh, the kool-ade, and the gullible suckers that line up to drink it.
Thin
A direct quote from the 8K dated October 13 2016.....by Bart Snell:
"Um, this afternoon, we will cover some of the highlights of our 2016 performance for the full-year, and we will, uh, be finalizing our 10-K in the next couple of weeks."
Eleven days later, the company filed a DEF 14A notification of a proxy statement vote to be held on November 12, 2016. We are 9 days away from that vote and still have not been given an opportunity to see the numbers and facts for a quarter and year that ended over 4 months ago. The SEC has been appraised of that dilemma.
Thin
The 200% margin is not for electriplast. It is for a conductive plastic, but one that is lower in conductivity.
I looked at recent 8k. It said there were financial statements.
There were no financial statements, but their was a transcript of the latest conference call.
Mr Bathauer seemed to mix Advanced Battery Concepts and Ultimate Battery. But was very sure things were going great with both. His goals are ABC incorporated Electriplast into their Batterys and ITKG sell them lots of Elictriplast. Ultimate Battery has a MOU that they will license patents and pay royalty in addition to buying Electriplast.
He said they are currently selling Electriplast and have completed several orders creating revenue. He was optimistic this would grow. He said some had gross margins of 200%. Most were less but still decent margins. He said revenue would show up in this quarter. Will be cash flow positive in 2017.
But needs to authorize 100 million more shares. Ouch! I thought the dilution was over.
Still seem to be selling more stock than product. Next year is the year. Have we heard that before ?
It is prophetic.
How can this be?
I saw ITKG scratched on the wall of an outhouse which is usually a sign that the owners are making money.
:)
Great observation.....and historically truthful. Lets see, if those authorized shares are going for 10 cents each (which would be a bargain) they would need to sell 100,000 of them every single day. Ha, ha, ha. P. T. Barnum nailed it.
Thin
10K is what they're losing every day ....
10K should be filed today! Could be a real eye-opener!
"What position that is remains to be seen." So true.
And they have already laid the track that says we won`t see any real numbers until the 2nd quarter is reported in the middle of February.....NEXT YEAR!!
From the conference call: "But, for the most part, we’ll actually start seeing this revenue hit in the current quarter we’re in, which is Q2."
I`m not holding my breath. Ha, ha.
Thin
Just stumbled on this stock....I use to trade back in 2000.
My records show at one time I paid 1.30 a share 12/13/1999
3.65 a share......4/4/2000
5.75 3/8/2000
sold .47 cents 6/6/2001
lol not one of my best trades...
Not sure if you got the integral technologies e-mail!
Stock price? Way down! O/S way up, going higher! The never to increase, ever, A/S about to increase 100,000,000 shares. Cash flow positive? Nope! Uplisting? Nope! BASF selling Electriplast ? Not hardly!
Admittedly, Integral is a bit hard to defend these days, with any vigour anyway, but what is better - 65 million shares of nothing, or 130 million shares of something. The money was used to get Integral into the position they are in right now. What position that is remains to be seen.
I have posted this elsewhere but think it is pertinent here as well.
Still no 10-K......but they have now filed a proxy statement to increase the authorized share count from 150 MILLION to 250 MILLION !!! When Doug took over, the outstanding share count was at 65 million. Less than 4 years later, he has doubled that figure. As he (claims) positive cash flow is only months away out of one side of his mouth, the other side of his mouth is asking the shareholders for 100 MILLION additional authorized shares. 100 MILLION additional shares that, once authorized, he will have complete discretion over. And he can`t even get the annual report filed on time. A two week extension has come and gone and we are still waiting. Think I`ll stay here on the fence until I see him actually deliver something besides continued debt and ATM charges.
Thin
Doug said that these small orders are happening right now, but this is new activity, so the sales will start to show up when this current quarter is reported.
Well another one of your insights has been validated by ITKG management. Good call on the increasing of authorized shares!
Any link or ink on earnings release?
I can't recall any reasonable claims being made to being cashflow positive other than via a big contract. What we have happening is a solid base of real business developing based on the actual selling of conductive plastic. To be fair to the critics, this is not the tsunami that we thought was coming, but a dollar is a dollar, no matter where it comes from. If Integral can pay its bills by selling a lower conductive plastic, they won't be going broke. While these sales are happening and increasing, Integral will be continuing to develop highly conductive plastic applications. This selling of the lower conductive plastic is a good development. There is a time for criticizing, but there is also a time for taking a good look at something that may be worth reconsidering. I think Integral is going to make it, and by keeping their doors open, they stand a good chance of their highly conductive plastic applications taking off. (Also, note that it will take a year to get business to the level of being cashflow positive based on the sales of the lower conductive plastic.)
ROTFLMAO! Cash flow positive? Heard that one before!
Could someone please post a link to the conf call .... My computer skills at searching for stuff is minimal at best......
conference call
It sounds like we are going to be cash flow positive shortly. That is huge.
My best guess is they're waiting word from Matchbox Muscle Machines ...maybe we should contact Mattel toys for info....
Two months later and we are still "seeing". Nothing has changed. Hype that never happens!
Checked it out. I applaud the obvious dedication but not the execution.
who the hell would ever notice if this "company" filed anything anyway....
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ElectriPlast’s extensive patent library has earned them recognition as “One of the 50 Best & Brightest Companies” by MBD Capital and is one of the most extensive intellectual property libraries in the conductive plastics space.
ElectriPlast has been constantly innovating since filing its first patent application in December of 2002 for engineering a highly conductive plastic for antenna applications.
Holdings include patents covering ElectriplastTM, a line of non-corrosive, electrically-conductive resin-based materials, as well as patents specific to applications and components manufactured from electrically conductive resins.
Here is a link to the list of their current patents:
https://www.electriplast.com/patents/patent-portfolio
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