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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.
I can see you have been around this one for a while.
You are correct, as of this time there is no significant revenue. But with Polyone that can change in a matter of days. That's the beauty of this partnership.
You must not have looked at the SS recently then, it has only risen incrementally over the past few years. All things considered, 248 million isn't that bad, they wouldn't even have to change the SS to uplist. Should this big deal with Polyone go through, the company would not need to issue anymore shares. Doug also outright said that he has no plans for a R/S.
Yep that is what conference calls are for, spread all the good information currently available and hope that investors don't ask about the bad, lol.
The US government is very interested in the bi-polar battery that ITKG holds patents on, that alone is enough for me to hang around.
There is actual promise here compared to previous years, this is an R&D company whos products are finally making it to the market. This is the part where the fun begins.
Thanks for the summary.
So still no significant revenue.
Outstanding up to 248, almost 100 million more than the last number I saw.
I wonder what the fully diluted number is.
But great things to come. When have I heard that before. Oh, every cc.
The only good news is we all might as well wait, why waste the time selling at 3 cents a share.
Very basic summary of the CC:
Feel free to correct me or add on
1) Q1 and Q2 filings should be out in a matter of days
2) New CFO is in charge of filings from here on, based on his track record we should not expect to go delinquent again.
3) Government/DOD contract in the works for Bi-polar battery tech, currently being tested on a "government" project and looks promising. On paper "it fits all their needs" and "if it comes to fruition it WILL BENEFIT ALL OF US".
4) They plan on reducing their BOD size to cut costs
5) Company should be cashflow positive in 2019, but if not, for sure then by 2020. Lots of things in the pipeline, it's a matter of getting those contracts on the books.
6) "Putting words in Doug's mouth" Company has enough cash on hand to survive until the big battery deal with Polyone comes to fruition. This deal alone should be able to sustain the company for an extended period of time.
7) ~248 million current outstanding shares
8) NO PLANS FOR A REVERSE SPLIT
9) Will have another CC by end of year
10) Company is following through on cutting costs and increasing revenue streams. Exciting times are ahead!
Just a reminder that there is a CC tomorrow. Submit you questions!
You should submit your questions so that Doug can answer them in the call this week!
I actually spoke with Doug last week, had an hour long conversation with him. Very nice and articulate individual. He could not be more embarrassed that the company went delinquent.
He assured me and the other investors I sooke for that he is doing everything in his power to get the filings current.
He wouldn't say it but I think switching CFO's probably has something to do with this.
You should email him and see what he has to say :)
As we all know, there is politics on many levels every where you go whenever you are involved with one or more human beings. With Integral, the important politics are between the Company customers of electriplast, obviously, but also between the Company and the shareholders.
My theory is this: Doug would have likes to have spoken about more that he did, but the thing or things could not be talked about at that time. My guess is that he probably would have preferred to not have had the last conference call at all; but, he was probably getting pressure from shareholders to have a call. I know, I told IR that we should have a call.
So, for the coming call, I am hoping that something had developed or progressed to the point where it can be talked about. Doug Said last time that he will be saying more about batteries, and more about the internal structuring of the company.
To respond to Sputnik, what you are suggesting could have been talked about last time, so I doubt that these topics are on the agenda.
If you all think back a few years, there was a call postponed for a week because Doug had something he wanted to talk about, but could not quite yet. So, the two calls close together like this suggest developments, not setbacks. If this call for Wednesday gets postponed, you can guess that there is something in the oven, but that it is not quite done.
I just checked the OTC Markets website. ITKG is still under a STOP sign warning. Delinquent SEC filings! No new filings on the SEC website as well! Could there be discussion of a reverse split or an increase of the AS in the upcoming conference call?
Sounds like he has a timeline falling into place for everything.
Exciting times to be a ITKG shareholder!
Here is what I use for that exercise.
https://www.sec.gov/cgi-bin/browse-edgar?CIK=ITKG&action=getcompany&owner=exclude
Just keep an eye on OTC Markets, filings could drop anytime.
https://www.otcmarkets.com/stock/ITKG/overview
For those who are interested!
DelinquentFilings@sec.gov, or call (202) 551-5466.
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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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