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Hey Sputnik, how ya been.
ITKG...stick a fork in it.
John Quackenbush aka John Harrel contributed in the Q & A on the ITKG conference call.
Just finished reading the transcript of the latest conference call. Counting my blessings I am not a shareholder of ITKG! What a stinker!!!
Last count 909,658 shares purchased......but 2,582,535 sold. Add that to the 1,744,455 already sold this week and you`re over 4 MILLION in just the last 3 days. Close to 7 MILLION sold in the last 3 weeks. Not a pretty picture.
Thin
I really can't believe people buying shares today.. to each their own. I hope they make money. will take another slew of lies though
luckily a couple years back when I was amassing many 10s of 1000s of shares of ITKG above .40 I was doing the same with ABRW.. which is now YTEN
ran from my .36 average up to $6.50 today.
so the $17K I lost on ITKG.. well... we know where Doug can stick it
And don`t forget Doug`s yarn about the elimination of convertible debentures. A priority it was. But instead, the convertible debt liability went from $94K to $1.15 MILLION in less than two years. And that was BEFORE he put another 30 MILLION shares into more convertible debt type financing a couple of weeks ago.
Thin
remember BASF deal that was in the bag,,, just some admin gal screwing up the flow of paperwork. Done Deal. yadda , yadda, yadda.
The Hong Kong virtual billionaire who had the secretive new invention dependent on electraplast? didn't that guy turn out to be broke and the deal worth hardly anything to begin with?
How many more yarns have been spun since then?
I'd gamble that the answer is 2 or 3, at least and thats only been 18 months.
if you like to lose money either hang onto your bags for sub .01
of just buy a ton more shares here.
either will achieve the same. IMO
Oh My! $0.0256 has been attained! Sub-penny on its was?
ITKG = ATM Machine for Doug. end of
This company is not Truthful. I've been following for years and after a few bits of info I gathered determined Doug was in business to smooth talk new retails to buy shares so that he could extract that money and fund his life.
Does anyone truly trust this guy anymore?
The cc on the 22nd must not have gone well. On the website they are still having "technical" issues with the replay.
What happened?
Oh my! Where did all of those shares go?
SBI INVESTMENTS LLC 2014-1 has filed a new 13G, reporting 9.99% ownership in $ITKG - https://fintel.io/so/us/itkg
From L2 Capital`s web page.....
"L2's proven approach dynamically allocates capital across three core strategies: convertible debt, convertible preferred equity, and discounted equity."
Convertible and discounted equities.....That`s Integral!!!
From Integral`s web page.....
"Before joining Integral, Mr. Bathauer worked with some of the leading firms in the financial services industry providing financial and investment advice"
Yep, financial services and investment advice.....still happening......while he pays himself nearly a thousand $$$ a day.
Thin
L2 Capital, LLC has filed a new 13G, reporting 9.99% ownership in $ITKG - https://fintel.io/so/us/itkg
Did anyone catch the conference call?
What do you think?
Oh my! Another delinquent SEC Quarterly filing for ITKG!
$0.035 has been attained. Another 52 week low. Big money continues to get out in a big way!??
ITKG-- same smell, different day!'
Tell us how "big money" are killing it?
Big money sellers at it again. Getting out while the getting is good!
All you big money players could have killed it today
ITKG should run any day now... :)
I guess the size of the "yea" depends on one's stock position.
"If accepted", even if it were to become a reality, could just be the beginning of a long journey....with many forks in the road. See NHTSA/ACAS.
Thin
"If selected" has always been the insurmountable hurdle standing in the way for ElectriPlast's acceptance in any market!
Integral Technologies, Inc. (OTC-PK:ITKG) ("Integral"), and its wholly owned subsidiary ElectriPlast Corporation, announced today ElectriPlast's conductive material is in final product validation with an Automotive Tier 1, for use in an automotive optical electronics application.
Another 52 week low was established yesterday! $0.0403 was attained!
We need another conference call so Doug can tell us how great things really are..... even though the share price is in the toilet.
Maybe he can spin his stock sale so it sounds like a positive.
In reality, I doubt we will ever hear from him again.
$0.046 has been achieved! Another 52 week low has been established!
Thank you for your research into this Ultimate battery maker. It sure seems that Integral is a long running scam that is coming to a close.
I wonder if all those who professed such strong belief in Doug and the company still feel that way.
Ha, ha. "Is Ultimate a real functioning battery maker?"
Ultimate`s web site shows the following address:
The Ultimate Battery Co.
29226 Orchard Lake Road, Suite #290
Farmington Hills MI 48334 USA
The problem is, I am told, that Suite 290 (a 2nd floor office space) has a sign on the door that says pOrbis Group. Huh???
If you go to their web site, they list their North American Headquarters as:
North American Headquarters
29226 Orchard Lake Rd, #290
Farmington Hills, MI 48334, USA
And their "About" page offers the following definition:
pOrbis group companies focus on effectively delivering multiple services. These include but are not limited to Market Development and Representation Services, Performance Improvement Outsourcing Services for Global OEMs, Credit Systems and Services for Banks, IT Business & Outsourcing Solutions, Automotive Parts Franchise, as well as Engineering & Productivity Improvement Services.
I see services, services, services, but not a word about manufacturing....or The Ultimate Battery Company.
Mauizio Cunningham-Brown, who Doug`s press release claimed was CEO of Ultimate, is also listed (Google) as the VP of Business Innovation and Technology at pOrbis Group.
I`ve come to the opinion the whole press release was a sham, deliberately intended to mislead ITKG investors and potential investors.
Thin
Is Ultimate a real functioning battery maker?
That press release from July of last year is particularly disturbing to me. I can find nothing to support the Ultimate Battery Company as a functioning battery manufacturing company. This press release, in my opinion, went beyond simply not achieving predicted goals. This seems to be an attempt to deliberately misinform existing and potential shareholders. If anyone knows better, I ask.....no, I challenge you, to come forward with specific, verifiable information that can prove me wrong.
From the press release....."to build and execute highly customized, multi-faceted commercialization and development strategies." A portion of the "About The Ultimate Battery Co." description. Sounds more like technology strategy marketing rather than manufacturing to me.
Up to $50 million in licensing fees.....for what? Integral`s license fee for Ultimate`s license fee? Please, what serious manufacturer would ever buy into that supply chain bucket of snakes.
Thin
What happened? $50 million in licensing fees?
There she blows through $0.05! $0.0485 has been achieved! A new 52 week low!
I guess he needed the money. Then again at the top end it is only $20k.
Wasn't it EdgarAP that said something about a toilet bowl once?
Doug filed another Form 4 today. On the surface it seems he`s increasing his financial commitment.
But, sometime between June 30, 2016 when Doug reported beneficial ownership of 243,823 shares and March 7, 2017 where his form 4 reported only 131,273 remaining, he apparently sold 112,550 shares. Didn`t see any headlines when that happened.
The PPS during that period ran between $0.18 and $0.09, between 2x and 3x what the PPS is today. Sell high, buy low. A great day trading strategy.
No way to know the exact numbers but when you cut through the smoke and mirrors.....his actual financial commitment on 6-30-2016 was somewhere near $40,000. His financial commitment today is closer to something less than $20,000.
While the shareholders are watching their investment dwindle, the CEO that is supposed to be doing something about it......is taking a profit.
Thin
146,500 sold at under 6 cents....in 5 trades today.
Thin
Stinky around here. Lot's of selling below $0.06, indicating time to get out based on your theorem!
Because it is not significant to me if I lose it all at this point.
I am waiting because I think that Integral is a great buy at 6 cents, but a poor sell. So, everyday you don't sell is a day you bought. If you stay, you are buying at 6 cents. If you really think Integral is going to go broke, why would you not take what you can get right now?
Like I said, I am good at waiting. I am sure I can wait longer than Integral for XYZ. I can wait forever, Integral will run out of money and the ability to raise capital through dilution eventually.
Are you familiar with the popular definition of incompetence? The one that describes doing the same thing....but expecting different results.
Thin
The latest phone conference. Try listening to it again without the last 20 years of nothingness screaming in your ears. Not easy to do, admittedly, but you might hear something good.
Which telephone conference? Which press release? We have been hearing those claims since 2006 when Robinson claimed that was going to be their go-to-market year. About that time he also claimed they had 350 companies under NDA that were "looking" at Electriplast.
Where is Heatron? They signed a patent license agreement in Mar. 2006.
Where is Jasper? They signed a patent license agreement in Aug. 2006.
Where is ADAC Plastics? They signed a patent license agreement in Nov. 2006.
Where is Esprit Solutions? They signed a patent license agreement in Dec. 2006.
Where is Knowles Electronics? They signed a patent license agreement in Jan. 2007.
The 2010 10-K promised us....." Various examples of applications for ElectriPlast™ are shielding, lighting circuitry, switch actuators, resistors, medical devices, thermal management and cable connector bodies, to name just a few. We have been working to introduce these new applications and the ElectriPlast™ technology on a global scale." Seven years later....where are all those "introductions"?
That same 10-K bragged about (49) issued patents that even today, 7 years later, have yet to find a customer.
Six years ago the 2011 10-K offered up this tid-bit......"Our business model calls for the Company to secure sales of ElectriPlast™ material from over 2000 Global manufacturers and to generate revenue through the sale of ElectriPlast™ material and licensing ElectriPlast™. The Company’s management has expertise and know-how in the ideas related to the use of the product. 2000 global manufacturers??? At that time Jasper Rubber had already been on record has having 50,000 ppm capacity for 4 years. That`s 25 tons every single month....300 tons a year. Wasted space. So they went to a different manufacturer that promised 10 times the capacity. Go figure.
Where`s Hanwha? Where`s Delphi? Where`s Chang Rim? And all the other names and "associations" that have been dropped?
There are 10 data sheets that have been on file since before Doug became CEO. All the emphasis we hear about the engineering credentials yet not a single new formula has made it as far as a new data sheet. October 2014 we got this press release......"Integral Announces New Conductive Plastics Materials". Two new core materials that could be combined with each of the 5 existing resin formulas....should have produced 10 new data sheets. 2 1/2 years later....not a word. Not a single new data sheet.
All this to say, the opportunity has been there. Light weight, low cost, we`ve been hearing all the buzz words about applications, about markets, about worldwide pellet manufacturing capacity for years and years. But sustained revenue producing customer contracts remain beyond this company`s grasp. Eleven years and counting. Always seems to be plenty of blame to go around....but nothing ever seems to change.
Thin
So, just to elaborate - a certain company - XYZ - currently makes a product - PABC - out of material X. Now company XYZ can make the same product - PABC - but better, out of material Electriplast. Company XYZ knows this, but is slow to make the transition. Doug and Integral Technologies is now dealing with the road blocks inside Company XYZ to get them to shift into using Electiplast. Again, this is not the same as saying that nobody wants to use Electriplast. My understanding from the telephone conference is that there are several such companies.
It depends on where you put the accent. There is already an established marker for the new line of plastic - a market that is growing and that can be bidded on. With Electriplast, there is no established market. To give an illustration, in one of the Dirty Harry movies, Clint Eastwood pointed a 357 Magnum handgun at some crook and told him that it was the most powerful handgun in the world. By the time I saw the movie, that fact was certainly not true, but lets say it was when the movie came out. At that time, I would assume that lots of boxes of 357 magnum cartridges were sold in the US to 357 magnum users. So when the first 44 Magnum handgun was thought up, there was no established market for that cartridge, but there is now - probably a bigger market than for the 357. So, Integral is trying to establish a market. This is not the same as saying that nobody wants to use Electriplast - they just have not started using it yet. However, most of the leg work has been done. The decision makers are slow to make decisions, but once one of them does use Electriplast to make a superior product, the market for Electriplast will develop.
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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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