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I have posted this elsewhere but think it is pertinent here as well.
Still no 10-K......but they have now filed a proxy statement to increase the authorized share count from 150 MILLION to 250 MILLION !!! When Doug took over, the outstanding share count was at 65 million. Less than 4 years later, he has doubled that figure. As he (claims) positive cash flow is only months away out of one side of his mouth, the other side of his mouth is asking the shareholders for 100 MILLION additional authorized shares. 100 MILLION additional shares that, once authorized, he will have complete discretion over. And he can`t even get the annual report filed on time. A two week extension has come and gone and we are still waiting. Think I`ll stay here on the fence until I see him actually deliver something besides continued debt and ATM charges.
Thin
Doug said that these small orders are happening right now, but this is new activity, so the sales will start to show up when this current quarter is reported.
Well another one of your insights has been validated by ITKG management. Good call on the increasing of authorized shares!
Any link or ink on earnings release?
I can't recall any reasonable claims being made to being cashflow positive other than via a big contract. What we have happening is a solid base of real business developing based on the actual selling of conductive plastic. To be fair to the critics, this is not the tsunami that we thought was coming, but a dollar is a dollar, no matter where it comes from. If Integral can pay its bills by selling a lower conductive plastic, they won't be going broke. While these sales are happening and increasing, Integral will be continuing to develop highly conductive plastic applications. This selling of the lower conductive plastic is a good development. There is a time for criticizing, but there is also a time for taking a good look at something that may be worth reconsidering. I think Integral is going to make it, and by keeping their doors open, they stand a good chance of their highly conductive plastic applications taking off. (Also, note that it will take a year to get business to the level of being cashflow positive based on the sales of the lower conductive plastic.)
ROTFLMAO! Cash flow positive? Heard that one before!
Could someone please post a link to the conf call .... My computer skills at searching for stuff is minimal at best......
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
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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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