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Thanks. I'll check it out.
Doubt it. Probably good timing. What other public companies does Wilbur Ross own shares in?
I wonder if Wilbur L Ross selling his stake in
ITG $ITXN had any relations with his involvement
with the Trump administration?
One thing for sure he's had experience in trade
I would imagine.
https://www.sec.gov/Archives/edgar/data/918964/000119312516744920/d462169d8k.htm
https://www.itg-global.com/cone-denim/
Trump / Ross
http://www.nytimes.com/2016/11/24/us/politics/wilbur-ross-commerce-trump.html?_r=0
From E*trade in response to my inquiry "DTC shows that the anticipated payment date for this reorganization is 11/22/2016. Based on this information we would expect to be paid by the company tomorrow. Once we receive the payment we will distribute it into your account."
3+ weeks and counting.
Thanks. Etrade had told me it normally takes 1 - 2 weeks, so probably soon.
I normally receive info from etrade but nothing yet.
ITG’s common stock has ceased to be publicly traded, and former ITG stockholders will receive information from Continental Stock Transfer & Trust Company, the paying agent in the merger, on how to receive the cash consideration for their shares of ITG common stock, in the near future.
https://www.itg-global.com/itg-acquired-by-platinum-equity/
May have to make a call..
https://www.itg-global.com/contact-us/
http://www.continentalstock.com/contact/
Do you know when this should settle in our accounts?
ITXN: Cash merger; ITXN acquired by Platinum Equity, LLC; for every 1 share of ITXN, shareholders have the right to receive $0.55 in cash.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
That's what it looks like .55c
International Textile Group Acquired By Platinum Equity
Published: Oct 24, 2016 1:11 p.m. ET
$ITXN Should get a nice boost on Quarterly earnings from its, No Fly Zone Technology (NFZ) #ZIKA
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124635288
https://www.itg-global.com/burlington-2/#
http://www.burlington.com/no-fly-zone/
Denim has been hot as well..https://www.itg-global.com/cone-denim/
International Textile Group, Inc.
http://www.otcmarkets.com/stock/ITXN/quote
some great news + this tiny float = boom
ITXN..Burlington Industries..Our sister company, Safety Components, is the producer of PBI Max™, the world’s strongest flame resistant fabric. Pictured is Greg Yates, a Lieutenant in the Fort Worth Fire department and our representative for Texas. Yates says, “It’s easy to sell something when you rely on it every day. Nothing beats the maximum protection, comfort, and durability of PBI Max™.” As an ITG Company, Burlington is part of a textile family that represents every fiber type known to man.
https://www.facebook.com/burlington1923/?hc_ref=SEARCH&fref=nf
http://www.itg-global.com/
http://www.burlington.com/
http://www.safetycomponents.com/
$ITXN..ITG, Burlington Labs, No Fly Zone, #technology
as it relates to #Zika fears..
Article
Excerpt...L.L. Bean also sells a variety of bug-repellent clothing. “Our No Fly Zone apparel has realized steady growth over the last few years as awareness of insect-borne illnesses has increased,” said L.L. Bean spokesman Mac McKeever. “This year in particular, we’ve seen very strong double-digit growth in our No Fly Zone apparel. Our apparel has always helped protect outdoor enthusiasts from the elements, including biting insects.”
L.L. Bean uses Burlington Labs for its permethrin-based insect repellent technology. The same compound that Insect Shield uses. Burlington calls its product the No Fly Zone.
http://wwd.com/retail-news/trends-analysis/zika-bug-repellent-clothes-10505922/
Here's a bit of my personal research...
CDC...Wear long-sleeved shirts and long pants
Treat items, such as boots, pants, socks, and tents, with permethrin or buy permethrin-treated clothing and gear.
Permethrin-treated clothing will protect you after multiple washings. See product information to find out how long the protection will last.
If treating items yourself, follow the product instructions.
Do not use permethrin products directly on skin.
http://www.cdc.gov/zika/prevention/prevent-mosquito-bites.html
More info..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120343291
ITXN..Tweet..Grateful to Outdoor Industry Association for the shout out in regards to Burlington & Cone Denim American...
Every four years, we are filled with an extra sense of American pride. Discussions of American strength, innovation, and competitiveness fill the airwaves and dominate water cooler conversations. The 2016 Summer Olympics are underway. From the opening ceremonies through the two weeks of competition, the American spirit is seen in the athletes who show America is still at the top of its game, dominating the competition on the largest international stage.
This year’s Olympic Games are a little more exciting as Outdoor Industry Association (OIA) Made in America Working Group member, Lifetime Products, has received some extra recognition. You may have seen it—the spot aired during the opening ceremonies and has continued to run on NBC’s primetime coverage of the events. With Aerosmith playing in the background and scenes featuring Lifetime’s Clearfield, Utah, factories and workers, the ad’s narrative affirms Walmart’s commitment to supporting U.S. manufacturing. We were also excited to see all of Team USA wearing fabric made by OIA member and Made in America companies Burlington and Cone Denim.
https://outdoorindustry.org/article/2016-olympic-games-media-coverage-gives-big-nod-to-american-manufacturing/
TWITTER LINK..
Grateful to Outdoor Industry Association for the shout out in regards to Burlington & Cone Denim American... https://t.co/3rq0LX9ehP
— Burlington Fabrics (@Burlington1923) August 16, 2016
I would tend to agree. I've noticed that the American textile companies that have survived are those who turned to high quality, high tech materials for fabrics. Their debt is their ball and chain weighing them down, but if they keep up the sales they can reduce the debt.
$ITXN I think fabric technologies will drive growth here.
2 nice quarterly reports so far this year.
Good find 1center. Good 10Q came out yesterday as well.
$ITXN ITG Burlington and Cone Denim at the Olympics...
http://m.greensboro.com/business/greensboro-made-denim-on-parade-at-olympics/article_5b8633c4-e9ee-5860-9b88-75526871f069.html?mode=jqm
https://m.facebook.com/burlington1923/
$ITXN..Ken Kunberger, ITG CEO, and fellow military troops at the #Yankees game last night. Excited to see our troops
https://www.facebook.com/burlington1923/photos/a.298026396995150.1073741825.233408516790272/816311185166666/?type=1&theater
https://www.itg-global.com/burlington-2/
$ITXN @.12 Burlington Labs..CDC recommended prevention of Zika Virus
When there is no vaccine there is Prevention.
Bear with me, here's some research:
From the CDC... •Treat clothing and gear with permethrin or purchase permethrin-treated items.
http://www.cdc.gov/zika/prevention/index.html?platform=hootsuite
Permethrin is registered by the EPA
Factory-Treated Clothing to Repel Insects
The only insect repellent currently used for factory treatment of clothing is permethrin. Permethrin is a broad spectrum, non-systemic, synthetic pyrethroid insecticide that targets adults and larvae of many species of biting, chewing, scaling, soil, and flying invertebrates. Permethrin is registered by the EPA as an insecticide for use in a variety of settings. When used to pre-treat clothing, it is an insect repellent.
... Women Who are Pregnant or Nursing
Based on our review of scientific studies, there is no evidence of reproductive or developmental effects to mother or child following exposure to permethrin.
http://www.epa.gov/insect-repellents/repellent-treated-clothing#treated clothing intro
Company
$ITXN..International Textile Group or ITG Global
http://www.itg-global.com/
Shares Outstanding 17m Float 3m
http://finance.yahoo.com/q/pr?s=ITXN+Profile
Income and Balance sheet
http://www.otcmarkets.com/stock/ITXN/financials
http://www.burlington.com/
https://www.facebook.com/burlington1923/?fref=photo
https://www.facebook.com/burlington1923/?fref=photo
https://www.conedenim.com/
https://www.facebook.com/conedenimITG?_rdr=p
The Product
Registered with the EPA, Burlington Labs.. No Fly Zone insect repellent technology is a contact insecticide and/or repellent, helping protect you from insects and insect-borne diseases.
No Fly Zone is effective against multiple species of crawling and flying insects.
No Fly Zone’s active ingredient permethrin is a synthetic form of a naturally occurring repellent found in the chrysthanthemum flower.
Permethrin is registered with the EPA as an insect repellent on apparel, and with the FDA as an insect repellent for agricultural and pharmaceutical end uses.
APPLICATION
Our unique, patented process and proprietary binding system provides a uniform application across the fabric. As treated fabric, No Fly Zone requires no further processing. The application is extremely consistent and durable.
No Fly Zone can be processed with various types of fibers: nylon, polyester, cotton, wool and Nomex®.
http://www.burlington.com/no-fly-zone/
Marketing Material ...
http://www.burlington.com/no-fly-zone-marketing-statements/#
EPA registered... http://ofmpub.epa.gov/apex/pesticides/f?p=ppls:102:0::no::p102_reg_num:83588-1
Burlington Labs.. http://www.burlington.com/burlington-labs/
Were to Buy
Cabela's... http://www.cabelas.com/category/IDS-No-Fly-Zone/333159480.uts
LL Bean... Why We Love It
Nothing ruins a fishing trip like swarms of bugs. That won’t be a problem in this bug repellent shirt. Developed with the help of Burlington Labs, we evenly treated the fabric with Permethrin – a synthetic form of a naturally occurring insect repellent found in chrysanthemums. It has thoughtfully placed pockets and vents for a comfortable day out on the lake or ocean. And lastly, you don’t have to worry about ironing because this shirt isn’t just bug free, it’s wrinkle-free.
http://www.llbean.com/llb/search/?freeText=bug+repellent+clothing&init=1&sort_field=Relevance
Duluth Trading...
http://www.duluthtrading.com/search/searchresults/sitesearchresults.aspx?pg=1&p_keyword=no+fly+zone&p_utk=no+fly+zone&p_search_sid=&gndr=&p_origin=mens-home&processor=content
Other links to buy
By the yard.. Repels Mosquitoes that can cause Zika and other diseases
http://www.amazon.com/Mosquito-Bright-Oxford-Fabric-Repellent/dp/B0195G1U9O/ref=sr_1_1?s=apparel&ie=UTF8&qid=1454635250&sr=8-1&keywords=no+fly+zone+burlington
http://www.rockbottomgolf.com/dorfman-pacific-golf-stetson-no-fly-boonie-hat.html?utm_source=nextag&utm_medium=cse&utm_term=20DORSTETSOMENXLG11KHK01#product-info
https://www.smartpakequine.com/pt/rambo-fly-buster-vamoose-with-nofly-zone-10245?cm_mmc=Social-_-Video-_-ActiveRiders-_-RamboFlyBusterVamoosewithNoFlyZone&utm_source=Social&utm_medium=Video&utm_content=ActiveRiders&utm_campaign=RamboFlyBusterVamoosewithNoFlyZone
Burlington Wins $8.4 Million Performance Fabric Contract for Army Physical Training Uniform...$ITXN
Unique domestic manufacturing capabilities provide Armed Services with technically advanced textiles
GREENSBORO, NC, December 3, 2015 — Burlington Industries LLC, a division of International Textile Group (ITG), announced it has been awarded a $8.4 million contract to supply micro denier polyester fabrics to the United States Army for use in physical training (PT) shorts. These fabrics will be produced at the company’s facilities in Cordova and Burlington, North Carolina.
The new Army Physical Training Short uses an advanced microdenier woven polyester fabric that features Burlington’s MCS®, Moisture Control System, a proprietary wicking and absorption technology. The fabric is lightweight with a soft hand and improved breathability as well as inherent moisture management properties. The MCS® fabric works by absorbing moisture, moving it away from the skin, and releasing it for quick evaporation. This allows the wearer of the shorts to remain cool, dry and comfortable.
“Light weight performance fabrics are one of Burlington’s core competencies,” said Burlington President Jeff Peck. “Our MCS® technology foundation provides the performance needed to support the Army’s renewed emphasis on physical training. These shorts offer moisture management, durability and stain resistance, resulting in the most advanced PT uniform in the Army’s history.”
Since 1923, Burlington® has been a global textile leader with core competencies in worsted wool and performance synthetics and has been an integral part of the defense supply chain for more than 50 years. Offering a diverse range of vertical manufacturing capabilities, fiber, and fabric blends, Burlington® Military is proud to provide quality fabrics for United States Military personnel. Through innovation, Burlington’s® in-house Research and Development department, Burlington Labs®, engineers advance fabrications and technical finishes that are applied to protect and enhance performance while providing troops easy-care and comfort in combat and training.
“We continue to explore new opportunities to equip and protect our U.S. Armed Forces,” said Peck. “Our products range from basic innovations that elevate the performance of PT, battle and dress uniforms to the newest advanced technologies in infrared, insect repellant, cold weather, fire, and ballistic protection.”
Several years ago, to expand its military business, ITG combined the resources from its Burlington, Safety Components and Carlisle business units to create an extensive military products platform of diversified fabrics developed to service the specific needs of the military market. Products include fabrics for camouflage combat and utility uniforms, Class A dress uniforms, physical training and extreme cold weather wear, flame resistant and fire fighting protective clothing, high performance equipment, ballistic fabric for body armor and load carrying equipment, and other specialty items.
http://www.itg-global.com/burlington-wins-8-4-million-performance-fabric-contract-for-army-physical-training-uniform/
Cone Denim Partners with e3 Sustainable Cotton Program
Expands sustainable cotton strategies for customers
December 1, 2015, Greensboro, NC – Cone Denim® announced today its partnership with the e³ Sustainable Cotton Program launched by Bayer CropScience. As part of its participation, Cone Denim has secured more than 1.5 million pounds of e³ cotton for the 2015-2016 crop year providing their customers access to the many benefits of the e³program. With a focus on developing and promoting sustainable denims, Cone Denim also participates with the BCI – Better Cotton Initiative and Cotton LEADS™ sustainable cotton programs.
“We are committed to providing our customers a wide variety of sustainable denim product options and opportunities,” said Steve Maggard, vice president of operations and Cone® 3D. “e3 fits right in. No matter which one of the three major cotton sustainability initiatives (BCI, LEADS, or e3) our customers would like to get behind, we can facilitate the project.”
The e³ program is a sustainably grown cotton initiative defined through third-party independent auditors certifying farmer’s commitment to grow e³ cotton in an environmentally responsible, economically viable, and socially equitable manner in the United States. Branded e³ cotton will allow retailers to connect directly with U.S. growers. Consumers can then trace the supply chain of their garments all the way back to the cotton used in making their apparel and the conditions under which it was produced, providing an elevated level of transparency and accountable sustainability.
“We are very excited to be working with Cone Denim as a resource to further support the sustainable initiatives of their customers. With the e3 certification, brands can be assured they are receiving traceable certifiable cotton from field to garment, and from responsible growers that are continuously working to improve and preserve their land,” said Monty Christian, Vice President, US Cotton Operations and Seed & Fiber Technology, Bayer CropScience.
Cone Denim promotes sustainable and responsible practices in its manufacturing operations and in the development of new denims worldwide under its Cone 3D R&D incubator. Cone was named a member of the Better Cotton Initiative (BCI) in June of 2015. BCI is a not-for-profit organization that promotes responsible global standards for Better Cotton, bringing together the complex cotton supply chain from farmers to retailers. Cone Denim is also a partner with Cotton LEADS™, a joint program initiated by Australia and the U.S. that offers manufacturers, brands and retailers a reliable cotton supply chain solution and confidence that their raw material is responsibly produced and identified.
$ITXN Nice bids coming in..http://www.itg-global.com
Future #Denim $ITXN International Textile Group http://www.itg-global.com/
Cone Denim has teamed with DSM Dyneema to develop a lighter-weight performance denim fabric that offers high strength while retaining an authentic denim look.
Janet Bealer Rodie, Contributing Editor
Cone Denim, Greensboro, N.C., has been producing denim fabrics since 1891, and from early on it has been a leader in the development of new denim technologies and platforms. Through a partnership with Dyneema® ultra-high-molecular-weight-polyethylene fiber producer DSM Dyneema, the Netherlands, the company has developed a high-strength performance denim that retains the authentic look and touch of classic denim. Cone reports the denim offers two- to four-times greater tensile and tear strength than conventional cotton fabric of the same weight.
Cone® 3D, Cone’s research and development incubator, and The Dyneema Project, DSM Dyneema’s innovations program for premium apparel brands, are leading development efforts for the new denim platform. According to Steve Maggard, vice-president product development and Cone 3D, Cone sees technical denims — in which strength, moisture management, high stretch and other such features are incorporated into the fabrics — as a growth area. “Dyneema is a natural fit for us and gives us a really good option in working toward really high-strength technical fabrics,” Maggard said.
Dyneema ultra-lightweight fiber is up to 15 times stronger than steel and up to 40-percent stronger than aramid fiber weight for weight. Therefore, it offers the possibility of making a high-strength denim with a lighter weight than denim made with other high-strength fibers, Maggard noted, adding, “but you can also use less of it as a percentage of the fiber blend, which enables you to keep a more authentic denim look. If you’re putting in 8- to 10-percent Dyneema, there’s still enough cotton in the blend to absorb the indigo and other chemicals, so the garment still looks authentic.”
The yarns for the new denim are spun by Patrick Yarns, Kings Mountain, N.C., and woven into cloth at Cone’s White Oak Plant, which opened in Greensboro in 1905 and produces the company’s premium and vintage denims.
The first end product featuring the fabric was San Francisco-based Levi Strauss and Co.’s limited-edition men’s Levi’s® 501® Centennial Jean, created to celebrate the 100th anniversary of Levi’s and Cone’s partnership. That product — featuring an intimate blend of 10-percent Dyneema and 90-percent cotton, and billed as Levi’s lightest, strongest jean — sold out quickly, according to Neil Bell, who handles business development in North America for DSM Dyneema, and who previously served as Levi Strauss’s global fabric innovation manager.
Cone showed several garments with Dyneema at the Outdoor Retailer Summer Market in Salt Lake City and received a very positive response, Maggard said, adding that several companies are now sampling Cone’s fabrics. He and Bell both mentioned several targeted end-uses for the fabric, mainly in performance markets including motorcycle, hiking and outdoor, and safety apparel. Meanwhile, development is ongoing, and the two companies are looking at incorporating moisture management and stretch into the fabrics to further enhance comfort levels.
For more information about Cone Denim’s high-strength performance denim with Dyneema®, contact Steve
Maggard, steve.maggard@itg-global.com.
September/October 2015
http://textileworld.com/Issues/2015/Sept_Oct/Quality_Fabric_Of_The_Month/Future_Denim
Thanks genlou, $ITXN 10Q out #microcap
a profit still on track for a good year.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10996225
1center, earnings are out.
$ITXN @0.101 Semi annual looking better. Company
noted increase demand for denim. #smallcap
http://www.otcmarkets.com/stock/ITXN/financials#
International Textile Group, Inc.
http://www.itg-global.com/
http://finance.yahoo.com/q/ks?s=ITXN+Key+Statistics
$ITXN @.12c..Burlington and Duluth Trading Co. highlighted its No Fly Zone® (NFZ) insect repellent technology at the show. The NFZ repellent technology affects the insect’s nervous system,
NFZ
Duluth Trading Co. shirt using No
Fly Zone® insect repellent technologycausing "hot foot," and making the insect fly away before it bites. The repellent application is effective against mosquitos, ticks, ants, chiggers, flies, and midges.
The technology can help prevent the spread of insect-borne diseases, by repelling insects away from a person wearing NFZ-treated apparel or gear. Burlington’s proprietary patented NFZ binding system technology is consistent can be processed with various types of fibers including nylon, polyester, cotton, wool and aramids. According to Burlington, the No Fly Zone® fabric is one of the most efficient permethrin fabric treatment processes available. It is odorless, requires no additional garment processing, and is durable for up to 70 washings.
http://www.thetechnicalcenter.com/safetyprotective/technicalfibers0915.cfm
http://www.duluthtrading.com/search/searchresults/sitesearchresults.aspx?pg=1&p_keyword=no+fly+zone&p_utk=no+f&p_search_sid=&gndr=&p_origin=mens-home&processor=content
This is Cone Denim and Burlington industries. Both forced to bankruptcy and bought out by Wilber Ross several years ago. Cone stock once sold for $69 alone before they became private. The world's largest denim producer. I know, I worked for them over 20 years.
Once in blue moon the stock will generate foundation and continue uptrending PostPromo. ITXN outstanding swing trade opp off low 10's could generate more capital infusion on clear 30' break for 40's
ITXN
Good luck to you too!
OK, well I appreciate the info but I'm already getting the stock name at 08:30 the same day when the promotion starts. The only problem is by the time you can execute a trade most of them are up at a very high % and it's to risky unless you wait for a big dip. If there was a way to get a notice like the day before closing that would be a big advantage. Hey, appreciate your help though.
I went to that site and it looks like something I will subscribe to. One question if you don't mind, on ITXN, the promotion started at 08:30 AM on 4/3. Did you see or get the promotion noticed on 4/2 or earlier? Or did you get it at 08:30 on 4/3 ? Thanks for reply.
Thanks for the info buddy. Good luck on trading. Appreciate any help I can get. So far I've been doing pretty well but have had some set backs here and there. Again, thanks!
I use a program called OTC View that tracks stock promotions. It doesn't alert before promotions but it does track almost all of them.
www.otcdynamics.com
If you don't mind me asking, how did you know about this stock prior to today? I just got the message on this being a hot pick at 09:30 this morning. Is it a benifit for being a level 2 or how was you informed prior to today. Do you mind me asking? Thanks for reply. EXCUSE ME I HAD THE WRONG STOCK IN MIND. MY BAD. GLT
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