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Who do you think Doug is going to nominate to be on Pivotal’s board of directors?
4. The board of directors of Seller shall have the option to nominate one (i) director to Purchaser’s board of directors, and Purchaser shall take the appropriate corporate action to approve and elect such nominee within five (5) business days of the nomination. Seller shall maintain this board representation as long as its ownership of Purchaser’s capital stock is equal to or greater than 2.5% of the outstanding shares, or the Promissory Note in the Agreement remains outstanding.
ricky, turnout the lights, the party is over!
No ElectriPlast to sell!
No bipolar battery plates to sell!
Now the coup de gras.................from the latest 8K!
d) INTEGRAL PRESENTLY HAS NO ADDITONAL COMMON STOCK TO ISSUE. ALL OF INTEGRAL’S AUTHORIZED COMMON STOCK IS EITHER ISSUED AND OUTSTANDING OR RESERVED FOR ISSUANCE. Integral shall, within twelve (12) to twenty-four (24) months after the Closing, take all necessary actions to provide the Company the Two Cent Warrants.
These guys don't even answer emails anymore. I have tried several times but just crickets so sad I guess is was just a scam. Too bad so many people have wasted so much time and money here.
Hilarious! Profitking’s best work!
A blast from the past...this is too funny.
From another ITKG source!
Just listened to the June 6 Conference call recording again. Hilarious!!
Doug begins by apologizing for the still delinquent SEC filings that were supposed to have been caught up 6 months earlier in January. He then promised to "get it taken care of" . That was 3 additional months ago......and still no filings or any commitment from this CEO/Treasurer.
Then he goes into a short commentary about PolyOne. "A great partner" . Sales from Surround...."YES". What he didn`t say was that all financial information was going to be withheld. It`s been 18 months now and we haven`t seen a dime of revenue reported. So much for his "measurable results" promise. So much for his Company Code of Ethics also. Like the SEC, those rules don`t apply to him(???).
Then he switched to the Pivotal "binding" agreement. "We looked at various paths" he claimed, but "our goal is to monetize the battery technology as quickly as possible". so we passed on all the actual battery manufacturers and went with a company that was formed in March of this year and whose address is a paid mailbox. Are we really that stupid? An agreement for an agreement whose promised conclusion was a week ago. I counted three times during the call that Doug promised more information in the next few days. That was 3 months ago.....it didn`t happen. No press release, no 8-K, and no new conference call. Not a word even on his "conductive" web page. Mr. Communicator is refusing to communicate.
For those who come here seeking information.....these are the facts. This is the other side of the coin that the pumpers want to ignore. All fully documented, where possible.
Caveat emptor, let the buyer beware.
I called that bogus activity myself. Not gonna generate any income. The real tell is affected a pivotal deal fell through. That’s the death note for this company, Integral Technologies!
Still some activity with this company, Do not think its dead yet. Sure close though.
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=%2216%2F236,533%22&OS=%2216/236,533%22&RS=%2216/236,533%22
I remember the big auto makers ITKG almost got a deal with. lol
It sure looks dead, but it traded 765k shares today.
Jasper was getting a monthly “R & D” stipend for being the exclusive worldwide manufacturer of Electriplast pellets! The contract called for the stipend to go away once Jasper reached a monthly Electriplast production level of $75,000! It was never achieved, Jasper went away!
I tried contacting Jasper Rubber long ago...they put me on hold and never answered. I left a message and got no return call.
Go figure.
Babe, the end is here for the Integral Technologies Electriplast Scam. You called it a long time ago
This address is from the latest 8K SEC filing. Google Earth to get a picture of the latest executive office for Integral Technologies!!
412 Mulberry, Marietta, Ohio
45750
(Address of principal executive offices)
(Zip Code)
Looks like Integral Technologies has closed up shop! Anyone have the current address for the corporate office?
It’s only easy if one has been honest! Doug still hasn’t compiled with the SEC’s request!
1. We note the numerous agreements and “relationships” mentioned under Item 1 of this filing. Please revise future filings to describe in specific, concrete terms, the nature of the relationships, including the terms of any material agreements and the nature and extent of each party’s obligations. For example, it is unclear what the “recently formed
Douglas Bathauer
Integral Technologies, Inc. February 26, 2016
Page 2
relationships” require of each party, such as the nature and extent of any “collaboration,” and whether an actual, written agreement governs those obligations. Please also revise future filings to disclose what specifically has been accomplished to date pursuant to these agreements and “relationships” and what remains to be achieved, including any material obstacles that are known to exist. Ensure your disclosure distinguishes actual accomplishments from aspirations and goals.
It certainly appears that is the case. Doug basically gave the store away to Polyone! The delinquent SEC filings should have NEVER happened. If Doug is complaining it is the auditors fault, it is most likely they won’t certify (endorse) what Doug has supplied!
Is this company done? I know you guys have said this before and I was holding out hope, but no filings no updates from Doug I fear the worst. I guess we should have invested in Hanwai when we gave them our technology.
Has Doug scheduled the conference call to go into the details of the Pivotal deal? If so when is it?
Back to old CFO. Did the currant CFO leave because he couldn't consciously put his name on an 10k filing?
Thank you for the response. Only makes me more sad.
That seems like an easy requirement to meet.
Appropriate time to revisit this post!!!
The SEC had the following request for Doug. It has gone unfulfilled as ITKG has become delinquent with its SEC filings. Answers a lot of questions!!!!
Quote:
You disclose here and in your Form 10-Q for the period ended September 30, 2015 the receipt of the “largest . . . order in the Company’s history.” You also disclose “during this fiscal quarter, the Company began manufacturing production quantities for delivery . . . during the second fiscal quarter.” Please revise future filings to discuss the amount produced and delivered during the quarter to satisfy the order to which you refer and how such amount affected your results of operation. Please also discuss how much of the order remains to be fulfilled.
Can you explain to me why the won't get current with their filings?
It doesn’t look too good.
It appears to me that they had to create a startup for their spectacularly great battery technology because no real battery company was interested. I hope I am wrong, but the market seems to agree with me.
On the plus side, now they have a new company to sell stock in.
So management is not going to get currant with their filings and this is going to fail? WTF I guess all you guys were right this was all just BS GLTA
Great memory! You are correct.
My memory says it had the greatest antenna technology even before plastenna.
Yes, Plastenna!
A Tiny Tech Firm Has Its Antenna Out for Growth
By Christine Nuzum
Dow Jones Newswire
Call it the invisible antenna. Integral Technologies, Inc., an outfit of eight employees in Bellingham, Wash., has developed an antenna that can be blended with plastic, then molded to assume virtually any form.
Made from a highly conductive material that the company declines to identify, the antenna can be as thin as an eighth of an inch. The company said it can be molded into functional components such as bumpers on cars, the rubber seal that holds the windshield in place or the back panel of a cell phone.
The antenna has brought Integral, which six months ago had nominal revenue and only one freshly-signed customer contract, to the attention of General Electric Co. and other large multinational companies. It has hurtled the company's internal revenue projections into hundreds of millions of dollars.
Wireless phones, vehicles that are remotely tracked and security tags in retail clothing stores are among the candidates that Integral sees for its antenna. Some antennas that have been on the market for several years - such as the engraved circuit under the back panel of current Nokia phones and the car radio antenna that is embedded in many windshields - are already virtually " invisible." But Integral claims its antenna offers better performance and is far cheaper to manufacture.
The antenna could be Integral's ticket to graduating from the over-the- counter stock market. According to the company's most optimistic projections, it could drive revenue, which was $15,209 for the fiscal year that ended in June, above $150 million next year.
Tom Aisenbrey, Integral's general manager, developed the substance last spring for a component of the company's low-lying "flat panel" antenna for satellite communications. He then realized it had the conductivity to be an antenna itself, and used it to replace the one on his own Nokia phone. It is now virtually indistinguishable from the back panel of his phone, a plastic casement near the top that protrudes just a fraction of an inch.
"Tom had converted one of the Nokia phones and he called me that afternoon and said, 'Billy, it works,"' recalls Chairman and Chief Executive Bill Robinson. "When we realized what we had, we realized we would need some serious help."
So Mr. Aisenbrey made a cold call to GE Plastics, which led to a manufacturing and marketing deal. In addition to manufacturing the product, GE/Fitch, a joint venture between GE's plastics division and Fitch Co., which is owned by Cordiant Communications Group of the United Kingdom, will help find customers and help with designing different models to suit those customers.
Ravi Mirchandani, regional director at GE/Fitch, says that superior reception and a stronger signal are the antenna's top selling points. The market for such an antenna in cell phones is "absolutely huge," he says. " Even if they sell to 10%, that's a huge market."
Mr. Aisenbrey says that his composite, malleable substance will make today's protruding antennas obsolete. He says it may also be combined with materials like rubber and silicon. He says it may also be combined with materials like rubber and silicon. "We're the only guys that are professing to do this," says Robinson, although he added that other companies have used a similar material in shielding equipment made to protect people from possibly harmful waves emitted from wireless devices. Integral has a provisional patent on the substance and is preparing to file for a permanent patent.
"There's a good deal of research going on with respect to materials that behave like plastics but conduct like metals," says Bert Hall, a technology historian at the University of Toronto. However, he says he did not know of an antenna that behaves like plastic. "I won't call it revolutionary, but I will call it useful," he says.
Mr. Aisenbrey says that because of the highly conductive nature of the material, his phone now has better reception and is usable in places where he previously couldn't get a signal - like four floors underground in a Seattle parking garage. Chief Financial Officer Bill Ince was able to use it during a "dead- zone" stretch of his drive to his lakefront home. The antenna can detect more distant signals than most existing cellular antennas, Aisenbrey explains.
GE/Fitch is starting to market the technology by pitching Mr. Aisenbrey's modification to his Nokia phone to its original manufacturer. According to Integral, Nokia Corp. (NOK) is interested in purchasing the antennas but is awaiting the results of independent lab testing, scheduled for this week. Nokia declined to comment.
Integral says it has also talked to Denso Corp., which makes handsets to be installed in cars. It, like Nokia, wants to see lab test results before pursuing a deal. Denso declined to comment. The company is pitching its antenna to Motorola Inc. and Intel Corp. Intel declined to comment and Motorola didn't return phone calls.
Mr. Robinson says Integral is in discussions with Qualcomm Inc., which declined to comment.
If the antenna lives up to Integral and GE's claims, it could be "a compelling alternative to conventional technologies," says Philip Marshall, a wireless technology analyst with the Yankee Group. He cautions that it would have to be cost-effective to manufacture and not susceptible to significant performance variation when mass produced.
Not included in the print article was the last part of the newswire piece:
Integral estimates profit margins of about 30% on the antennas, including fees paid to GE/Fitch, and hopes to generate a profit immediately. Conservatively, the company estimates net income of $2.4 million, or 8.5 cents a share, on revenue of $20 million next year, according to Ron Manness, who serves on the company's board of advisors. Its most optimistic projection for next year is net income of $31.8 million, or $1.14 a share, on revenue of $183.8 million.
Over the next five years, Integral hopes to generate between $775 million and $2.2 billion in compounded revenue, depending on the launch and acceptance of the much-anticipated wireless technologies such as Bluetooth, which will provide a wireless connection between various digital devices such as computers, cell phones and some home appliances; global positioning satellite vehicle tracking and Web-surfing cell phones.
Cell phone antennas will be priced at about 25 cents apiece, Ince says. Integral is pinning the bulk of its expected revenue in other markets, where lack of competition will allow it to charge higher prices.
Integral hopes to generate about half its revenue from the market for global positioning satellite tracking of vehicles, an area where Orbcomm Ltd., a satellite company that emerged from a bankruptcy restructuring earlier this year, is already a customer for the company's flat panel antennas.
More expensive to make than cell phone antennas, those antennas are expected to sell for about $90 apiece, according to Ince.
Dean Brickerd, director of technical services at Orbcomm, says he hasn't seen anything similar to Integral's polymorphous antenna.
"It is pretty amazing," he says. "You could have an antenna that conformably matches just about anything you could conceive of fitting it to."
Orbcomm sells services to track vehicles and large transport containers through its constellation of low earth orbit satellites.
The company is preparing to test Integral's new antennas for tracking containers, which are immense rectangular cartons, often hauled on the backs of trailers, says Brickerd. When transported by ship, they are stacked on top of one another, then side by side, leaving no room for a protruding antenna. Integral's new antenna could lie flat on a side of a container, and perhaps eventually, be integrated into the rubber sealant on its surface.
When I first bought stock of Integral, it was an antenna company. They had the greatest antenna ever! See any revenue from antennas?
Is this ITKG? I've never heard any reference to a subsidiary called Emergent Technologies or to them having anything in Morgantown, WVa?
https://www.militaryaerospace.com/communications/article/16707560/integral-antenna-gets-nod-from-new-york-police
.....and what happened to Ultimate battery and their $4 million.
It looks to me like there were no interested battery companies and someone said “I have a great idea, let’s create a new startup, and sell stock, we can even sell stock to the suckers already on the Integral hook”.
I hope I am wrong, but that is how I perceive Pivotal. Time will tell. To anyone buying stock in Pivotal, thank you for your ongoing support.
I thought they always said we are not into becoming a battery company we only sell plastic plugs.
They put out everything except currant financials, unfortunately losing all faith. Too bad many years faithful.
Hope they are enjoying collecting their salary's from our trust in them.
I thought we had a deal with the military, and ABC?
Thanks Sumo.
Looks like they are creating a new company to sell stock to develop the battery.
Whatever happened to the $4 million Ultimate battery was supposed to pay? I guess we might find out if they ever produce current financials.
The 8K is out covering the battery deal.
https://ir.electriplast.com/all-sec-filings/content/0001437749-19-011793/itkg20190611_8k.htm?
Thanks, I listened. Now I can’t wait to see the revenue pouring in.
That’s assuming they start filing their financial statements on which I can see it.
Thanks for the link. I listened to the call. Not that exciting -- but not that bad either.
Here is the communication from the SEC that has Doug boxed in regarding the delinquent 10K. He is THE responsible party for the delayed audit!
https://www.sec.gov/Archives/edgar/data/1018281/000114036116057502/filename1.htm
I think you will hear Doug say there will be Press Releases and filings over the next few days detailing the Pivotal Battery deal!
Here is the site for the conference call replay! The conference call was a real doozy!
https://www.freeconferencecall.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0000.freeconferencecall.com%2Fstorage%2FsgetFCC2%2FRzJOT%2FIygmM&subscriptionId=8239174
Commentary from another source hitting the nail on the head!
The last "on time" SEC report was for the quarter that ended on March 31, 2017.. yes, over 2 years ago.
The June 30, 2017 10-K filing was filed 12 months late.
The September 30, 2017 10-Q filing was filed 11 months late.
The December 31, 2017 10-Q filing was filed 9 months late.
The March 31,2018 10-Q filing was filed 8 months late.
The June 30, 2018 10-K remains delinquent.
The September 30, 2018 10-Q also remains delinquent.
The December 31, 2018 10-Q also remains delinquent.
The March 31, 2019 10-Q also remains delinquent.
TWO YEARS, Mr.. CEO!!! TWO YEARS, Mr. TREASURER!!! How`s that for a measurable result!! And it`s all available in public records at sec.gov.
What`s the problem??? Could it be that the information required to be filed in the SEC (legal) documents simply does not support the claims being made in conference calls and press releases? Let the blame game begin......but INFORMED investors know where the real problem is.
Caveat emptor, let the buyer beware.
Enough with the conference calls! Just a waste of time. What is now needed are audited financials! I believe this company is dead!
Appropriate time to revisit this post!!!
The SEC had the following request for Doug. It has gone unfulfilled as ITKG has become delinquent with its SEC filings. Answers a lot of questions!!!!
You disclose here and in your Form 10-Q for the period ended September 30, 2015 the receipt of the “largest . . . order in the Company’s history.” You also disclose “during this fiscal quarter, the Company began manufacturing production quantities for delivery . . . during the second fiscal quarter.” Please revise future filings to discuss the amount produced and delivered during the quarter to satisfy the order to which you refer and how such amount affected your results of operation. Please also discuss how much of the order remains to be fulfilled.
No word from the company that I can find for a looong time. I loos at website, no news since 2018.
It appears Electriplast is at the end of the road!
. In the meantime if you have any question please call
Eric Daboling @360-835-7992 or Scott McArthur@360-376-1163
You are right. It was nice that they waited to the day of the call and rescheduled. I will have to read the transcript, I will be out of the country on the 6th.
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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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