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"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.
So the problem is nobody wants to use it, that is a problem.
The problem with Electriplast is that there is not a functioning market for the technology, an existing current market. The new line of lower conductive plastic fits in with an existing 4 billion dollar plus 8% a year market. Integral can bid for orders of plastic that someone will be making - now. The long fiber conductive plastic that we know as electriplast is not being used right now. Doug said that he has working prototypes paid for by various large companies that know the plastic works, but have not committed to using it.
It seems to depend on who you talk too. It`s lighter.....according to the company press. It`s cheaper......according to the company press. It works, and it stands up to testing.......according to whoever EdgarAllanPoe is. An anonymous investor....more interested in the PPS than purchasing any Electriplast.
The ones we are not hearing from are the hundreds of CUSTOMERS that have seen it, touched it, heard the sales pitch, and then tested it for their own application.....but for some reason, chose not to buy it.
It seems Doug and Co. just haven`t found the right fairy yet. Great investment strategy, buy now and hope a "right" fairy will come along. Investors have been doing that for 15 years. Pump, pump, pump, maybe just the thought of a fairy......
Thin
What is the problem with Electriplast?
Well, I hope it is a fairy tale, because most of them turn out good. What we don't want is a soap opera. As for the early days, the antenna turned out to be not very spectacular when put to the test. Electriplast, on the other hand, does stand up to testing. The problem here is not that electriplast does not work.
Ah yes, the good old days! ITKG had nothing back and nothing today. Just an ongoing story (fairy tale)!
I am good at waiting.
Integral is one deal away from bouncing off the bottom.
Famous last words.
I am looking at it from the perspective of short term possibilities. Back then, Integral had no hope of generating revenue, but that is not the case now.
There are those HOPEFULL possibilities.
That's why I check the board, you never know.
Realistically though, the future looks dim, and it is reflected in the share price.
Day traders betting on the come. And the come is nothing tangible....it`s the pump they can produce to get other investors to buy them out of the hole they are in. It`s a game as old as the market itself.
Thin
You define "way worse" as an overdue phone bill and an 8 cent PPS? Their last 10-Q reported $1,687,690 in Accounts payable and accrued expenses!! Add to that another $1,055,668 in current liabilities and you will have the total current liabilities reported in that same 10-Q.
Revenue and assets for the same period don`t amount to one-tenth of that total amount. The conference call provided nothing that would significantly change that. All talk. ZERO deliverables.....and a 5 cent PPS.
Thin
I will buy ITKG at 4 but nevermore.
If you really think that Integral is going to 4 cents, you should be scrambling around finding every nickel you can beg, borrow or steal so you can fill your boots because someone is going to and they are going to sell it at 40 cents.
Integral has been in way worse condition. When the pps was around 8 cents 20 some years ago, I went down to Integral's office in Vancouver where I saw an over due notice for the telephone taped to the locked front door. Back then, they had nothing- NOTHING. Right now Integral is getting business in the lower conductive markets and they have several reasonable hopeful possibilities on the long fiber side. Listen to the Conference call again.
For the record, I am not ready to stick a fork in Integral.
Yes, it looks like about time to stick a fork in it.
At least it can't go negative.
The POTUS is a regulation killing hawk. From a recent CBS News article on CAFE fuel standards:
"Mr. Trump on Wednesday announced plans to re-examine the fuel mandates, taking a step back from Obama-era environmental regulations. Trump administration officials contend that the rules stifle economic growth."
And then: "In the last days of the Obama administration, the EPA completed a review of the standards for model years 2022-2025 and left them unchanged, saying the car companies have many affordable options to help them comply. The industry protested, saying the review was too hasty and didn’t consider the fact that gas prices have fallen and few consumers want the smallest, most fuel-efficient vehicles. President Trump is reopening the evaluation process, which could lead to weaker standards."
Thin
Further.....
Doug Bathauer`s stake remains constant(@.07 per share)at $17,067. That amounts to one 30th of the current total owned by the 6 players.
Kinda puny for a guy that has pocketed nearly a MILLION in wages and has his name all over every one of those pumped up press releases.
Those are the facts....taken from public records signed by and provided by Doug himself.
Thin
So lets take a closer look at these comings and goings....
Bill Ince with (@.07 per share) $184,090, is now gone. In his place are Jeffery Babka = $6,300 and Doug Mathias = $1,400. Not exactly a huge stake in the game for the new players.
James Egan remains but his stake has been reduced from $150,500 to $77,000.
Richard Blumberg remains but his stake has been reduced from $541,180 to $360,975.
So no matter how you arrange the deck chairs, the beneficial owners and managers, the guys making the decisions.....(@.07 per share)their collective stake in this game has been reduced, as I pointed out earlier, from $947,858 to $517,762. That`s a 45% reduction.....in one years time.
Any way you try to spin it, that is not the direction, or the extent, a shareholder would expect from a management team that, press release after press release, pumps this company`s product and it`s potential.
Thin
I am Soooo sorry, I was accepting what he/she said. On the other hand I also don't know if what you say is true. I will also not waste my time trying to figure who is correct, you or Marsred, because I have written this stock off as a scam in my mind.
Here are some facts according to Yahoo Finance.
Operating margin----(2,900%)
Return on assets----(609%)
Operating cass flow---(1.58 million)
Share price 7 cents
Fact: numbers in parenthesis are negative. In fact if you look there are really no factual positives with Integral.
Yes I know you will say it takes time to develop this fantastic product.
I have been in this stock for nearing 20 years and the stock price is at an all time low. Maybe not a fact, but based on my memory.
No it was a very misleading post. Some of the officers and directors in 2015 are no longer counted in those numbers. People come and people go.
Know the facts......
Thanks for this post, it tells us what we need to know about this company. If the prospect were good, those in the know would not be rushing for the exit.
I hope the company officers read this board. At least Eagan and Blumberg. Seems they are lacking your encouragement.
In FY2015 they held 13,540,831 common shares. A year later that number had dropped to 7,396,609 according to their FY2016 filing. SIX MILLION shares sold in a year.....by the guys that should have their finger on the commercialization button. And while the share price was dropping from $0.65 to $0.16. It`s now 9 months later and the share price has dropped to 6-8 cent range.
The shareholder gets press releases and shareholder communications that are filled with forward looking statements and glorious market predictions....but behind the curtain.....they`re selling the farm.
Thin
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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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