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conference call
It sounds like we are going to be cash flow positive shortly. That is huge.
My best guess is they're waiting word from Matchbox Muscle Machines ...maybe we should contact Mattel toys for info....
Two months later and we are still "seeing". Nothing has changed. Hype that never happens!
Checked it out. I applaud the obvious dedication but not the execution.
who the hell would ever notice if this "company" filed anything anyway....
Couldn't even file their 10-k on time. This company is truly somethin else
the ultimate battery company is the ultimate website....lol...
I saw Integral had someone making a presentation at a huge battery show Sept 14th. There was a very large list of exhibitors and sponsors, I did not count them, but I would guess over one hundred.
I found it strange that the Ultimate Battery Co. that Integral signed with was not among them. They can't be too ultimate if they were not involved in the show, as it appears all battery companies of significance were represented. Did I miss them?
On the positive side Advanced Battery Concepts was there.
"Met the requirements" means shareholders can "go away for a couple months and not bother us"......
"ElectriPlast bi-polar plate technology is fully compatible with all new developments in battery chemistries and construction, leading to higher specific energy, longer lifetime, improved reliability and energy density properties. The Advanced Lead Acid Battery Consortium(ALABC) development of the lead acid battery properties, have improved the partial state of charge (PSOC) and dynamic charge acceptance(DCA) are directly applicable on the bipolar lead carbon batteries with ElectriPlast bipolar plates, said Slobodan Pavlovic. Our recent internal data shows that ElectriPlast based bipolar batteries, satisfies U.S. Advanced Battery Consortium LLC requirements set for 12V Start-Stop Vehicle Applications and for 48V Hybrid Electric Vehicle Applications for year 2020."
In yesterdays PR ITKG states they have "met the requirements". The following link is a lot of information detailing what those requirements actually are.
http://www.evdriven.com/battery/commercial/phev/?open-article-id=3206804&article-title=usabc-reopens-4-rfpis-for-development-of-advanced-high-performance-batteries-for-start-stop--48v-hev--phev-and-evs&blog-domain=greencarcongress.com&blog-title=green-car-congress
What I am having difficulty with is the relevance. Why would they want to meet these requirements. Tried reading into but had no luck.
If you read ALL of my posts about Karma Automotives you would remember I used the word "speculation". If you look up the word "speculation" you will find the following definition: 1.the forming of a theory or conjecture without firm evidence.
Now that is out of the way, how is it I am the "only source on the car"? Have you ever looked up Karma? No? Its all over the internet.
I'm just wondering what that karma car thing was all about....I mean it seems mayo is the only source of info on this car.....another joke within a joke....
I can't deny, this company is a joke. There is a gigantic disconnect from what's actually going on in the company to its shareholders. Anything the company says IS going on never comes to fruition. Thinkin its about time to just sell out and be on my way.
Oh my! Check out that volume too!!
Thin
Yes, it looks like this is near the end of the road. Maybe in the monthly newsletter they can tell us how good things really are.
Oh, nevermind, we haven't seen one since February.
What's that smell? $0.085 has been achieved!
And most all significant "lightweighting" applications do not require conductivity. Corvette has been building lightweight, metal replacement auto components for over 60 years. The need for speed was a lightweight driver long before gas mileage became an issue.
Thin
Problem is there's many other (legit) companies that can provide electrically conductive plastic...
Looking at today's trades, big blocks of ITKG being sold belies your assertion!
Rather than start fresh with an entirely new car or a wholesale change to the powertrain, Karma chose to expedite the process with existing suppliers and inventories of parts to quickly get back on its feet. The brand is simultaneously building an entirely new platform and powertrain system that will underpin a wider family of Karma vehicles.
http://www.autonews.com/article/20160908/OEM04/160909845/karma-adds-dc-fast-charging-solar-roof-panel-revised-interior-to
This paragraph makes me think ITKG has a hand in this even MORE.
There are so many opportunities for Electriplast in this design. So many electric components and NEED for lightweight. It could be with the engine, it could be with the internal components, it could have a place in the super-fast charging system.
Regarding the Revero reveal....I'm not holding my breath....an association with Integral is as likely as a Trump landslide victory in Mexico....
A PR by the end of the month? For Electriplast to be part of this "official" unveil, they would have had to have contracted months ago. Wouldn`t that have had to qualify as an 8K material event?
Having worked in one of the largest assembly line environments in the world, I have to laugh people that think because a 747 may be on a 12 day cycle, that it only takes 12 days to build one. Like every time one is finished, everyone runs back and begins building the next one. Ha, ha. It takes months!! There may be 15-20 IN the assembly line at any one time. Changes to that line after it has begun create huge disruptions. Automobiles, because of their fewer components and corresponding speed of assembly require less lead time.....but it is still measured in months.
Thin
1 Day and 14 hours to go until official Revero unveil. Curious if we will see any PR by end of month. Could be totally wrong, in which case ill be selling out next month.
Actually things are different....different suckers....but the rest is the same....great story about a great product that never sells.....perfect pumping grounds for phony analysts....
Would those "poor suckers" be the same kool-ade drinkers that have been telling us for 4 years that things were going to be different this times? Ha, ha.
Thin
Yes he goes weeeeeeeee all over the poor suckers who believed his lies.
We need Joe to tell us over and over again that there is no dilution.
Hmmmm, 12 cents! What do you think buyers will be willing to pay for authorized shares when the market is sitting on 12 cents? 8 cents? 6 cents? so how many authorized shares will have to be sold at 6 cents to cover the $300,000 per month they are spending? Do the math.....it`s a nice round number. Ha, ha. 5 MILLION!!! Ouch, ouch, ouch. Reality bites!!!
Thin
Im with you on this, I WILL sell end of Oct if nothing comes. Good luck
I can understand the argument there. But I also know this is not an easy market to penetrate if you are a small company like ITKG. This is a disruptive tech. Takes time. Takes dealing with setbacks and delays. I'm still ok with the pace. I'm patient. Getting to the edge a bit, but looking for year end to keep me onboard. Next month begins my final waiting period.
I know zdog. And I'm sorry. Can't imagine waiting that long. I also know I'm only a few years into this, so I'm a little bias. All I know is Doug and his mgmt team. I have the luxury of not factoring in the prior years of disappointment and mismanagement. So looking at this purely from a Doug & Team standpoint, I'm optimistic.
Not even the minor league has a place for these guys...well, the cheap seats maybe.....years and years....nuthin but Yada Yada Yada...and the beat goes on.....
Nick sorry to say, but these guys are right. I've been a huge supporter of Doug and Integral for years. The proof is now on them and they would be sent back to the minor leagues by now.
Ha, ha. My calendar says tomorrow will be 4 weeks. Coincidentally, it will also be the last day of this month. And what do we get? Another kool-ade call.
Lets see.....the end of September will be the end of the 6th month since we got the last financials. At $300,000 a month expenses, they will have gone through possibly another 18 million authorized shares. That`s at $0.10 cents a share.....if they were lucky enough to even find a buyer at that price. Did I mention that that same last financial report identified less than $100,000 TOTAL hard assets. Not much collateral for a company depending on financial help from others just to pay the lights and rent.
Thin
Nick,
I have been in wait and see mode with this one since I think 1999. So far it has been all wait and no see.
Spoke with IR today. Yes, news was slightly delayed, as usual.
However we can expect some from ITKG this week (maybe) or next week (more likely). Then look for a steady stream the rest of the year as momentum builds and things start to fall into place.
Expect news next month from Ultimate Battery detailing their plans. The timeline on their PR is up to them.
Like I said, delays don't surprise me and I'm in wait and see mode. But I believe we will finally see progress the rest of this year.
I`m betting the next time we hear from ITKG management will be an announcement that they wish to increase the authorized share count. 50M? 100M? More? With little to no revenue to support their average $300,000 per month expenses and the share price remaining in the teens, the bottom of the authorized share barrel has to be getting very close. Do the math. With only about 30M shares reported left on Mar 31 of this year.....the train wreck can`t be very far away.
Thin
Has it been a week or SO yet?
The only connection I can see between karma and integral is both companies are total failures brought back to life by a Chinese parts company in karmas case and by foolish investors in integrals case....you may argue that integral had a business relationship with Fisker but it was a total failure for both....but that was then and this is now....there is no indication right now that a relationship exists other than hunches.....until we see otherwise we still have nothing but Bad Karma and Bad Integrity....
My favorite part.....
"The company has been building the Revero since April and has not said when it will deliver the cars."
Hmmm. April 1st ITKG was selling for around $0.25 per share. Since then it has slid to the $0.14 where it stands today. And the CEO can only make vague, unsupported, claims about some tier 1 activity. That`s the kind of CEO I want to invest in.....Ha, ha, ha.
Thin
Karma Automotive's Rapid Growth Prompts Move to a New Home
http://fortune.com/2016/08/26/karma-automotive-new-headquarters/
By Kristen Korosec
AUGUST 26, 2016, 4:58 PM EDT
The electric car startup has come a long way in just two years.
Karma Automotive, a rebooted version of the failed luxury electric car startup Fisker Automotive, is taking over more than 262,000 square feet of space once used by Kawasaki motorcycles and turning it into its own global headquarters.
The move to the massive facility in Irvine, Calif., which won’t begin until the fourth quarter of 2016, illustrates the company’s rapid growth since it was purchased in 2014 by Wanxiang Group.
Just three years ago, Fisker Automotive looked poised for the scrap heap. The company, which was founded by designer and entrepreneur Henrik Fisker in 2007, was out of money despite receiving $1.2 billion from public and private funds.
But Wanxiang Group, a Chinese conglomerate that makes automotive components, snapped up Fisker’s assets for $149.2 million in a bankruptcy auction in 2014. (Wanxiang is the same company that bought failed battery supplier A123 Systems.) Wanxiang moved the automaker’s production equipment from Finland to California and then rebooted the brand with a new name, car, and tech.
Karma Automotive is now preparing to sell the Revero, an electric hybrid that will be built in a 555,670-square-foot factory in Moreno Valley, Calif. Earlier this month, the company revealed a teaser photo and a few details of the Revero, a sporty sedan with a solar roof and an updated drivetrain, electrical controls, and infotainment system. The official launch of the vehicle, and when the public can begin reserving it, is Sept. 8. The company has been building the Revero since April and has not said when it will deliver the cars. The electric hybrid vehicles are currently undergoing testing.
Just 14 months ago, the company had about 240 people working at its headquarters in Costa Mesa, less than 60 miles from its factory. At the time, a spokeswoman said the company expected to create 150 full-time manufacturing jobs at the factory.
Today, Karma Automotive has more than 625 employees who work at its factory and offices. About 125 people work at the Moreno Valley factory. The remaining 500 employees work in engineering, supplier quality, sales, and marketing at its offices in California and Michigan. Its Detroit office employs about 20 people with plans to reach close to 100 people.
“We’re busting at the seams here,” Karma’s chief marketing officer Jim Taylor told Fortune. “People were literally sitting in the halls before we rented a second facility about a block away.” Now that space is filling up.
The company wants to move to this larger facility in Irvine to accommodate existing staff and future growth, said Taylor. Karma Automotive will have more than 700 employees by the end of 2016 and is on target to approach 800 in 2017.
Parent company Wanxiang appears to have even bigger plans for Karma—beyond the 3,000 or so luxury Reveros it plans to make. Wanxiang filed an application for an environmental review for a $375 million factory in Hangzhou, China that could make as many as 50,000 electric cars per year, according to a Bloomberg report in August. The application indicates that most of those cars could be a cheaper electric vehicle called the Atlantic.
You may me right. We'll see in about two weeks.
Hilarious......Electriplast components to support a production assembly line for a $50,000 to $100,000 vehicle that, according to the manufacturer, is supposed to begin in two weeks. And Integral doesn`t even have an 8K contract announcement yet. Pure kool-ade.
Thin
Nick....did you actually try to read this crap ??.... It reads like something out of the mouth of a squirrel in late stage Alzheimer's.....or......maybe out of the mouth of the CEO of a company promoting a 15 yr old scam....
"Approved to supply for a specific electric vehicle platform". I still strongly believe this vehicle will be the Karma Revero (Karma Automotives new and first electric car to begin the full production cycle starting next month), everything adds up in my mind. If anything Nick, the two posts you just quoted reaffirm my belief. Good luck :)
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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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