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Yes I am still optimistic. IMO, If the leadership felt the company was not ever going to survive you would not see all the effort to get the filings current and some of the cost cutting moves they have made. Why would they put up that big effort if it was not going anywhere? I think they are getting ready for a big positive change in the income and/or another big deal.
Battery deal still in the works with the UNITED STATES MILITARY
All the scare tactics in the world will not change the fact this R&D company is finally getting product to market.
Transparent, accountable management running this OTC company.
My question had to do with your optimism expressed in prior posts. Does this mean you are no longer optimistic about Integtal?
I was not very emotional at all in the post. Was it that I used an upper case Q that got you thinking that? I do see of recent they have been getting the past filings done. Not many more and they will be current if they keep at the same pace they have been.
That is ugly.
In six months liabilities increased by more than $1.1 million. At the same time issued and outstanding shares increased by about 70 million shares.
Please explain again why you are optimistic.
Here is an interesting commentary on this situation!
They are not close to current. The latest filing was 10/30/18, and was for the three months ended September 30, 2017. A year behind.
I agree that Doug sounds sincere and says a lot of things. We won’t know about actual revenue until we see current financials.
If Integral’s statements and press releases are truthful, we should see some revenue from these 2018 autos.
I have heard a lot of talk from this company before that never showed up as revenue. I have heard Doug say the dilution stopped, but that was more than 100,000,000 shares ago. I will be as happy as anyone to see significant revenue show up on the Income Statement. Until then I remain skeptical.
They have been pretty transparent when you look at how other OTC companies operate. Doug has been good at communicating with shareholders.
The recent catch up at getting the books current and conference calls has shown they are working hard to transition from the R&D mode to a revenue positive mode (The Switch).
Look at this closer and you can see once they have little or no debts with a low cash burn rate the switch will flip. This company will have a strong profit margin as its just receiving royalty payments with very low costs associated with its day to day operation.
In my opinion you will see this flip of the switch happen fast. The recent actions they are taking sure are pointing the company in this direction.
You mean the company is leaning out and cutting overhead in order to help balance the books?
Wow and a potential military contract in the works?
And the CEO said all this himself on a conference call before personally answering investor's questions?
A lack of revenue is a short term problem easily solvable with ONE closed deal. Of all the otc companies this one is as willingly transparent as they come.
I don’t know how I missed it. I will go back and take a look and read it and give you my thoughts afterwards.
This was reported as a subsequent event on Integral's latest filing (September 30, 2017) filed October 30, 2018.
On February 20, 2018, the Company entered into an exclusive technology license agreement with an arms-length vendor. In exchange for perpetual access to the Company’s technological assets, the Company will receive and/or be entitled to receive:
(i)
Upfront fee of $1,000,0000 (received) within 10 business days of the agreement;
(ii)
Royalties as follows:
(a)
10% of net sales effective years one to three;
(b)
7.5% of net sales effective years 4 – 7; and
(c)
5% of net sales effective years 8 – 10.
How do you interpret this disclosure? I am wondering about the exclusive and perpetual wording.
The European Tier 1 auto deal which is scheduled to run through 2024and is ITKG’s first deal with a European auto manufacturer was turned over to Polyone? Why? As I understand there is no commitment on Polyone to ever have to use Electriplast on any project!
Your correct on that and I share your opinion.
The cry that some deals did not work out and its some kind of evil thing is shallow. That is just how it is sometimes, not all deals work out the way they are planned everytime.
The European deal they had done was turned over to Polyone. Polyone is a very major player, when the revenues start rolling from the integration of electriplast into new and current product lines it will be a win for ITKG, IMO.
Well there are coalitions of negative sentiment promoters that roam the investing world message boards, sadly not much can be done about that.
A lot of the long term money in ITKG knows that this R&D company is finally getting their futuristic product to the market, I doubt half of them even check the pps on a weekly basis.
There are an infinite amount of scammer CEOs and schemes in the OTC world, but after personally speaking with Doug I do not believe ITKG is one of those.
ITKG is looking out first and foremost for the survival of the company and secondly the shareholders, for an R&D company that is how it should be imo.
IMO electriplast or one of their future products will be a household name in the future.
The filings will come out when they are ready, not at investor's discretion.
Where is the revenue?
Where’s the revenue?
No. They are falling behind. All of the filings are now delinquent/late. What are they trying to hide? No income from the five year agreement with the Tier 1 automotive manufacturer. That agreement commenced for the 2018 cycle and those numbers should have shown up in the late filings. Something is very, very wrong!! CAVEAT EMPTOR
Sputnik from what I have seen so far they are catching up, the late filings are getting filed first keeping it in an orderly fashion. I can see it would create a big confusing mess if they did it any other way or to please you.
Where is the latest 10K? It is now late/ delinquent. No NT-10K has been filed!!!!
Any reason given for discontinuing this market? This is from Dec. 1, 2016. Two years ago!!
OTC Markets still has a STOP sign listed for ITKG! Delinquent filings continue to plague ITKG. ITKG is tardy with the filing of the delinquent 2017 2nd quarter 10Q! Caveat emptor!!!!
Interesting theology. My take on the matter is that the road to hell was paved by Adam. Romans 5
“The road to hell is paved with good intentions!”
I am painfully aware of Doug's inaccurate statements. However, I think that whatever he has said, he has be said in good faith.
Just be aware that Doug has said a
lot in the past that haven’t proved to be accurate.
Maybe this time it will be different. I have that hope anyway.
I agree. I don't think that they will do what Sputnik is saying. Sputnik is guessing within the realms of business possibilities. At this state, we are all guessing to some extent.
I agree with your entire post, I'm just taking Doug's word over his for now. Doug all but outright said they are lean enough and have enough cash to make it until this deal is done.
Should they need to issue a few shares so be it, it wouldn't be enough to do any real damaged to the pps imo.
I would not say that Sputnik is saying something false, in that Integral has to have money to operate. At some point, if the battery deal takes too long, and Integral needs money, what Sputnik is saying is within the realm of what companies do. At the same time, we all know that Sir Sputnik likes to gravitates to one side of the argument. Admittedly, I gravitate to the other.
That's a pretty bold statement, I sure hope you have credible proof that is going to happen. Otherwise that is an intentionally false statement you made.
The upcoming increase in the Authorized Share count will send the pps sub-penny, in my opinion.
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.
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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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