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Just as he said, filings are coming in!
Thanks for the info. I listened -nothing new, but a good summary of what are the most important things right now.
I think the best way to approach this stock is to have selective memory concerning the past. It has been way too long in coming, but I hear Doug saying that things are gelling. So, I am going to focus on Integral's successes, not their screwups.
My regret in this whole thing is that I wish somehow I could know everything I do now and still have my cash.
New radio interview with Doug Upticknewswire.com
If you had listened to the CC, you would understand that the stop sign and subsequent filings to remove it will all be taken care of in the very near future.
OTC Markets still has a [color=red]STOP [/color=red]sign issued for ITKG due to delinquent SEC filings. I don’t see that changing any time soon.
No RS! Then look for an increase in the AS count! Take it to the bank!
I have a feeling that was a few bigger buyers that wanted in at a lower price. I was watching L2 like a hawk yesterday. Someone was buying and selling shares back and forth over and over again to get it down.
I don't know, but it seems that the silly selling is over. There was nothing said in the cc that would move me to sell.
True, but the government may want exclusive right to the battery if it is for a military purpose. They would probably be willing to pay the premium for that as well if they want it bad enough.
Also, what is important is that the battery deal can proceed without the government deal solidifying. Provision for the government deal can be written in now for the if/when of any government deal.
There was nothing said, but what is important is that this possibility occurred before any battery deal got signed. Integral will add language now that makes sure that Integral has a place in the government deal. What was not clear to me is who brought the government deal to Integral. Was it the battery company with which they have a verbal understanding, or someone else?
What are your ideas on what the government wants with this bi-polar battery?
I would say energy generation or vehicle propulsion myself.
You are right. This is what Doug said, but the deal is not with PolyOne, but with one of the 3 battery companies Integral was in talks with.
I have to disagree with you on the good news side of things. I would have to say that there was nothing said that would give anyone a reason to sell. The cc was full of good news. It is just not immediate good news.
I'll break out the headphones tonight lol.
I thought he said they were about to go through with that deal when the Government called, so they chose to hold off until they see what happens with that. I could be wrong though, wouldn't be the first or last time.
I like to listen to each cc a couple of times myself. However, I already had this idea in my thinking before the call. On the last cc Doug talked about 3 battery companies. It sounds like Integral has decided on one of them.
I'll have to go back and re-listen to it tonight, must have misheard that part.
Just a note: the battery deal has nothing to do with PolyOne - as far as what I heard. Perhaps PolyOne will make the plastic. I don't know, but the deal is with another company.
I can see you have been around this one for a while.
You are correct, as of this time there is no significant revenue. But with Polyone that can change in a matter of days. That's the beauty of this partnership.
You must not have looked at the SS recently then, it has only risen incrementally over the past few years. All things considered, 248 million isn't that bad, they wouldn't even have to change the SS to uplist. Should this big deal with Polyone go through, the company would not need to issue anymore shares. Doug also outright said that he has no plans for a R/S.
Yep that is what conference calls are for, spread all the good information currently available and hope that investors don't ask about the bad, lol.
The US government is very interested in the bi-polar battery that ITKG holds patents on, that alone is enough for me to hang around.
There is actual promise here compared to previous years, this is an R&D company whos products are finally making it to the market. This is the part where the fun begins.
Thanks for the summary.
So still no significant revenue.
Outstanding up to 248, almost 100 million more than the last number I saw.
I wonder what the fully diluted number is.
But great things to come. When have I heard that before. Oh, every cc.
The only good news is we all might as well wait, why waste the time selling at 3 cents a share.
Very basic summary of the CC:
Feel free to correct me or add on
1) Q1 and Q2 filings should be out in a matter of days
2) New CFO is in charge of filings from here on, based on his track record we should not expect to go delinquent again.
3) Government/DOD contract in the works for Bi-polar battery tech, currently being tested on a "government" project and looks promising. On paper "it fits all their needs" and "if it comes to fruition it WILL BENEFIT ALL OF US".
4) They plan on reducing their BOD size to cut costs
5) Company should be cashflow positive in 2019, but if not, for sure then by 2020. Lots of things in the pipeline, it's a matter of getting those contracts on the books.
6) "Putting words in Doug's mouth" Company has enough cash on hand to survive until the big battery deal with Polyone comes to fruition. This deal alone should be able to sustain the company for an extended period of time.
7) ~248 million current outstanding shares
8) NO PLANS FOR A REVERSE SPLIT
9) Will have another CC by end of year
10) Company is following through on cutting costs and increasing revenue streams. Exciting times are ahead!
Just a reminder that there is a CC tomorrow. Submit you questions!
You should submit your questions so that Doug can answer them in the call this week!
I actually spoke with Doug last week, had an hour long conversation with him. Very nice and articulate individual. He could not be more embarrassed that the company went delinquent.
He assured me and the other investors I sooke for that he is doing everything in his power to get the filings current.
He wouldn't say it but I think switching CFO's probably has something to do with this.
You should email him and see what he has to say :)
As we all know, there is politics on many levels every where you go whenever you are involved with one or more human beings. With Integral, the important politics are between the Company customers of electriplast, obviously, but also between the Company and the shareholders.
My theory is this: Doug would have likes to have spoken about more that he did, but the thing or things could not be talked about at that time. My guess is that he probably would have preferred to not have had the last conference call at all; but, he was probably getting pressure from shareholders to have a call. I know, I told IR that we should have a call.
So, for the coming call, I am hoping that something had developed or progressed to the point where it can be talked about. Doug Said last time that he will be saying more about batteries, and more about the internal structuring of the company.
To respond to Sputnik, what you are suggesting could have been talked about last time, so I doubt that these topics are on the agenda.
If you all think back a few years, there was a call postponed for a week because Doug had something he wanted to talk about, but could not quite yet. So, the two calls close together like this suggest developments, not setbacks. If this call for Wednesday gets postponed, you can guess that there is something in the oven, but that it is not quite done.
I just checked the OTC Markets website. ITKG is still under a STOP sign warning. Delinquent SEC filings! No new filings on the SEC website as well! Could there be discussion of a reverse split or an increase of the AS in the upcoming conference call?
Sounds like he has a timeline falling into place for everything.
Exciting times to be a ITKG shareholder!
Here is what I use for that exercise.
https://www.sec.gov/cgi-bin/browse-edgar?CIK=ITKG&action=getcompany&owner=exclude
Just keep an eye on OTC Markets, filings could drop anytime.
https://www.otcmarkets.com/stock/ITKG/overview
For those who are interested!
DelinquentFilings@sec.gov, or call (202) 551-5466.
Another Conference Call.
This can only be a good thing for this company. The activity is picking up and the CEO is following through on his statements during the last conference call.
Integral Technologies Schedules Conference Call to Provide Corporate Update
Integral will hold an investor conference call on Wednesday, October 17, 2018 at
4:30 eastern time to provide a general business update.
IF YOU HAVE QUESTIONS YOU WISH ADDRESSED DURING CALL PLEASE EMAIL THEM TO ; ITKGINQUIRY@ITKG.NET
The call-in details are:
Live PARTICIPANT Dial-In: 712-451-0692
Access Code: 876641
Replay information will be posted after the call at: http://ir.electriplast.com/conductive
I'm sure many people have been checking in just not posting.
Should see an uptick in traffic once the company goes current and gives some updates.
ITKG
I am just happy to see people on this board again talking.
We can only hope this will finally mean something for all of the long time investors.
Also, with a new CFO I would imagine he would want to start off strong by getting everything in order.
I understand, when they release the most current filings we should get a better understanding of what they have accomplished.
They seem to be pivoting from manufacturing to just licensing their patents for now. Smart to let a more capable manufacturing company get their products out there for them.
I'm also very curious about the CT gag order. The only thing I can think, is that it is related to pricing with PolyOne and their other new contracts.
They have said similar things in the past, but they never showed up in the financials.
Let’s hope this time is different. If it is different the filings will occur. If not, they just won’t file. Count me as skeptical. I heard the cc and it all sounds great...... just like the year before and the year before and the year before.........
No I have not, that is my outside opinion looking in. Integral signed new royalty partnerships in the past year that will show up in the next filings.
Not only that but the CEO said he was doing several things to help bring down the debt to revenue deficit.
All of these will show up on the next filing, he is trying to get current as soon as possible. With more revenue and less debt going to show up on the next filings that's why I say Q4 is shaping up nicely.
ITKG
How do you know Q4 is looking nice, have you seen the 10Q for the year ended June 30, 2018?
Volume picking up! Q4 is looking nice, time to get current and start making profits ITKG!!!
Once the person sitting on the ask is gone this has plenty of breathing room.
Going to be a great 4Q for ITKG
That article you posted was what really got me interested in this stock. In the spur of the moment they were able to fill in for a competitor, using their mold without any problems? I bet that caught the attention of other tier 1 auto manufacturers.
Let's get electriplast to the markets!!!
ITKG
I sure like how they are getting everything in order. Very excited to see whats around the corner for ITKG.
This is all true. I can't wait to see how good the books look with all this debt and operating cost reduction taking place.
New CFO! With quite a resume.
CT order to protect something they have in the works.
Contract with a tier 1 auto group.
Things are finally turning around for ITKG!!
Keep in mind your looking at 16 month old data in this filing and the CEO talked about minimizing debt, not increasing debt in the recent conference call. Looks like they are getting the house in order bringing the filings up to date, along with a new CFO.
This doesn't look to promising and SEC delinquent? Ahhh, looks like they are trying to get current to get financing....now it makes sense. They really have no choice with all this debt, yikes...
We have generated net losses from inception and we have an accumulated deficit of
approximately $63 million as of June 30, 2017. We have experienced significant operating losses to date, including net losses of $5.7 million for fiscal year 2017 and
$4.6 million in fiscal year 2016. As of June 30, 2017, we had approximately $16,764 in cash
We may require additional debt and/or equity financing to pursue our growth strategy. Given our limited operating history and existing losses, there can be no assurance that we will be successful in obtaining additional financing. Lack of additional funding could force us to curtail substantially our growth plans or cease of operations. Furthermore, the issuance by us of any additional securities pursuant to any future fundraising activities undertaken by us would dilute the ownership of existing shareholders and may reduce the price of our common stock. Furthermore, debt financing, if available, will require payment of interest and may involve restrictive covenants that could impose limitations on our operating flexibility. Our failure to successfully obtain additional future funding may jeopardize our ability to continue our business and operations.
As of June 30, 2017, there are approximately 4.2 million in options and warrants that exercisable into common stock both affiliates (officers and directors) and non-affiliates under Rule 144 of the Securities Act of 1933, as amended. In general, under Rule 144, a person who has held stock for six months and is not an affiliate of the Company may sell their exercisable options and warrants without limitation under Rule 144. Future sales of common stock will increase the public float and may have a material adverse effect on the market price of the common stock, which in turn could have a material adverse effect on our ability to obtain future funding as well as create a potential market overhang.
r net loss for the year ended June 30, 2017, was $5,737,907 compared to a net loss of $4,639,698 for the year ending June 30, 2016, representing an increase of $1,098,209. Significant changes for year ended June 30, 2017 compared to the prior fiscal year have been described as follows:
Revenues decreased by $24,353. The decrease is a result of no longer earning services revenues due to the Company shifting its focus to entering into technology license agreement.
Operating expenses for the year ended June 30, 2017, were $2,789,801 compared to operating expenses of $3,547,124 for the corresponding period of the prior fiscal year, a decrease of $757,323. Significant changes for the year ended June 30, 2017, compared to the corresponding period of the prior fiscal year have been described as follows:
Consulting fees increased by $691,262. Consulting fees of $1,420,120 include non-cash fair value of obligations to issue shares of $12,720. This is compared to consulting fees of $728,858 provided in the corresponding period of the prior fiscal year that included non-cash obligations to issue shares of $26,460. The increase is primarily a result of the company switching from the use of employees to consultants during the year;
Advertising and marketing expense decreased by $318,428 to $2,031 for the year ended June 30, 2017 from $320,459 in the corresponding period of the prior fiscal year is attributed to management’s focus on cash conservation strategies;
Salaries and benefits decreased by $478,269. Salaries and benefits incurred of $417,929 for the year ended, 2017, compared to $896,198 in the corresponding period of the prior fiscal year. The decrease is primarily a result of the Company switching from the use of full-time employees to part-time consultants during the year;
Non-cash, Stock based compensation charges for the vesting of restricted shares were $196,576 compared to $179,584 in the corresponding period of the prior fiscal year. The increase is due to all remaining stock awards vesting during the year;
Professional fees decreased by $177,360 to $291,796 for the year ended June 30, 2017 from $463,156 for the corresponding period of the prior fiscal year. The decrease is primarily a result of the Company not needing to spend as much relating to new patents and reducing its audit fees;
Research and development costs decreased by $164,147 to $497,224 for the year ended June 30, 2017 from $661,371 for the corresponding period of the prior fiscal year primarily due to shifting management’s focus on securing licensing the Company’s technology;
Yes, This company is looking like its finally on the right track to reap huge rewards. Very excited to see the next updates from them.
Time to get current and put on the running shoes ITKG!
Time to wake this thing up, if we get any type of info on the confidentiality protection this thing will blow up.
They already have a tier 1 contract as well as a confidentiality order protecting them???
Me thinks this is a good one.
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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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