Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There are supposed to be certain possibilities if you can get 10% of the shareholders together for a small revolt ... turn up the dimmer instead of letting your invested money go bust!
You got that right !!! What a disgrace. It's going on two years without the audit that was promised as well as lifting the SEC hold on this. Absolutely NO consideration for existing shareholders (bag holders). I'm thinking at this point that Dr. Whitney and Mr. Biden are on the same nap schedule. Time to turn this over to someone else with a burning desire to take this where it should be after 30 YEARS!!! Are the lights on you ask? Maybe, but someone's forgotten to turn the dimmer switch up. Not a happy camper here!
Aren't any of you near Reno to see if anyone is still working in the shop? What about the manufacturing facility at Wabuska, Nevada? What about theirGOLD'nGRO Multi-Nutrient Liquid Fertilizers business?
Is there a light on somewhere?
Shooting for two years of being suspended Dr. Whitney & Co? When is it going to end? I thought the audit being done was right around the corner? NOT!!!! So frustrating because it shouldn't have happened in the first place, but now you're just adding insult to injury by dragging this suspension on and on and on.
Been a shareholder and believer since 2004 but company needs show effort to get current
After a successful Phase 1 Rock Kleen testing program, which was announced in a November 2022 Press Release, Itronics and the operating gold mining company are planning a Phase 2 program. The Phase 2 program would become part of a plan to develop the project through pilot testing, engineering, and feasibility, to be followed by construction and start-up of a tailings processing operation. This would be completed over several years, inclusive of permitting....... After reading this 10 times over. It looks to me that They are moving forward. This stuff is going to take time and Money. They need to get it right.
As much as I appreciate the update and I do, there was not one word mentioned concerning the financial audits that were supposed to be done by the end of the third quarter, September 30, 2021, nor any insight as to when we'll be trading again.
I'm glad to learn that sales are up and I do think marketing Gold'nGRO to the Nursery trade is a GREAT idea. However, the Rock Clean update seems to be just another "we're going to try this and test that to see if a committee should be formed and a report submitted to once again test this and try that to see if a feasibility study should be done". My God, this has been going on for years. What ever happened to applying for all the government money free for the taking to address the lack of Critical Raw Materials in our country? Please, stop dragging your feet Dr. Whitney and Co. Thirty years of due diligence and we're still a $5M company in one location.
If you think I'm being too harsh, just go to the home page on our website and read all the press releases from 2000 to now. like the one dated 11/11,2020 that "reported today that it has expanded its management team by appointing Declan Costelloe to the position of Vice President Corporate Development. Mr. Costelloe is an Executive with significant experience in Corporate Finance and Strategic Development. "He will develop and manage strategic relationships in the financial community to improve Itronics ability to obtain financing and expand financial market exposure," said Dr. John Whitney, Itronics President. What ever happened to him?
Oh, and here's my favorite, dated 08/21/2021 that stated "The Company is targeting to have the audits completed by the end of the third quarter, September 30, 2021" In the same press release under "About Itronics" it states "The Company's growth forecast centers upon its 10-year business plan designed to integrate its Zero Waste Energy Saving Technologies and to grow annual sales from $2 million in 2019, to $100 million in 2025" Well, looks like we're really gonna have to giddy up and go to meet this lofty target.
Look, what we're doing here is vacillating, which means being indecisive. Lots of talk about great technology and unbelievable opportunities, but at the end of the day, the years just keep going on and on and on without any tangible changes. Dr. Whitney is a very smart man, but he does not have the driving force needed to fully exploit and market his achievements to take this company to where it should already be. If it were so, we would already be there by now. The reality is when you hold something too tightly, not only do you hold it back, but you risk killing it. At 74, Dr. Whitney is very comfortable with the status que, just going along day by day keeping everything just as it is. Unfortunately, I anticipate that nothing is going to change here until there is a change. A BIG change! GLTA
Itronics Updates Investors; Revenues Up 34 Percent
Tue, April 25, 2023, 4:42 AM PDT
(Intellectual Properties) I"m thinking for Itronics more like Trade Secrets, and Industrial Design. As soon as you are granted a Patent for anything you have just exposed your ideas and process to the whole World. It's not that hard to steal a idea from others. At this point for Itronics, the less information that is out there, the more protection the creator has. My opinion is that Itronics is well ahead of the curve with their Technologies. They have figured some things out that no one been able to do.
Have you asked these questions? We know that they have no IP protection. They're saying that their secret formula is better than a patent. I say BS. You can't have secret formulas while having employees working with the formula in the field.
It is getting ridiculous. That said, we'll resume trading soon and there will be opportunities to bail if necessary.
What ever happened to the biggest pumper of them all, Jeff Backlet?
It's been over 1 1/2 YEARS since trading was halted. In this time, us shareholders have had our funds frozen. We've been unable to use them to profit in other areas while management has dragged their feet in simply meeting SEC's new rule (Sept. 28, 2021) for transparency. Despite knowing well in advance what was required, they chose NOT to take the initiative to meet the requirements, but rather decided (?) to take the reactive approach.
These requirements could have easily been met by now, trading resumed and our funds become available to keep here or invest elsewhere at OUR discretion. The hard reality is that after being in business for over thirty years and despite their technological patents (?), Mr. Whitney simply didn't have the funds to pay for the audits and keep the doors open at the same time.
I'm sure others here (along with myself) have been approached privately by HR and offered to invest their funds through a private placement. I considered this, but chose not to based on the company's history of repeated lack of transparency, communication and (in my opinion) mismanagement of funds and resources. I've already been burned on one R/S. I'm sure there were others in the past thirty plus years, with potentially others going forward.
For the sake of all who have invested in this company through the open market and ESPECIALLY those who have invested through a private placement, I implore you to reach out to the company and ask:
1) Are any of the so called company's intellectual properties currently legally protected?
2) In whos name are all of these intellectual properties and patents in? Itronics or Dr. Whitney?
3) Upon Dr. Whitney's demise, who will own these intellectual properties, patents and company's assets?
4) Are there any legal personal (Wills) or corporate documents that address the above and what do they say?
5) And here's a BIG one. Is there anything in writing to address who will assume the management role upon Mr. Whitney's demise?
These are some MAJOR concerns of mine and they should be for you as well. At this point in time, there's nothing I'm aware of that addresses any of these concerns. And they are BIG transparency concerns.
Just to be clear, like you, my funds are tied up here. Like you I want this (our?) company to succeed and prosper as it should (after thirty years). BUT, these concerns need to be addressed. At 74 years of age, Dr. Whitney needs to make sure that his and OUR legal affairs are in order.
GITREAL!!!!! Itronics has received the valuation report. News is out.
Had a great talk with investor relations for over a half an hour.
Did the IR guy convince you to send more money? Maybe a private placement?
Has it finally dawned on ITRO investors that they've been SCAMMED?
So the auditors found that the books all the way back to 2008 had to be corrected. That early estimate didn't anticipate how big the job was going to be.
He did speak about financing and I didn't follow up on it. Sorry. It is not my area of interest.
Initially I had intended to ask about when the stock would start trading. After that the conversation just flowed along the lines of whatever triggered my next questions.
My focus was on Rock Klean and how how the deals with mining companies would work, then Goldn'Grow plans, then the processing plant development and then the Auric Gold mining company.
That audit was supposed to be completed over a year ago. Did he say anything about that IP valuation deal that included non-dilutive funding?
I called this week thinking it was about time that the auditors should be finished and turning it over to the SEC. Had a great talk with investor relations for over a half an hour. My focus was Rock Klean but we ended up discussing almost every iron than Itronics has in the fire. But to the first question I had look for Itronics to be finished with the SEC and back to trading by the third quarter.
I don't want to throw in the towel that quickly!
It is truly frustrating, but these are assumptions that are not backed up with solid information.
Isn't there anyone out there who really knows what is going on, what the status of pending or even overdue SEC filings is?
Isn't there anyone who would have direct contact to get clear signs?
It was over a YEAR ago when Itronics went out of compliance because of their complete negligence and as a result, trading was HALTED. Now they have a whole year of incompetence under their belt by NOT following through and getting us back to trading. Mr. Magoo (that's Mr. Whitney) has done it again. When in the World is this 30+ year old company going to be run by someone else with REAL business skills and drive, rather than the same aging Scientific Researcher that can't seem to get out of the Lab? We all need to just wake up here and see that this is broke and the only way it's ever going to be different is someone (ELSE) fixes it. That is, markets the hell out it. Enough!
Thank you, happy new year to you too! Let us hope for a resurrection soon!
Little bump today on the Expert Market. Hoping for a Christmas P.R. and a Happy New Year to all........
I assume because he hoped for investors who would have stupidly entered their sell order without limit ...
The company itself seems to believe in ITRO, and hoped á la long to make a healthy profit.
The question is ! Why was Alternative Liquidity interested in Itronics in the first place? I believe it is a pooled investment firm. Can't go wrong at a penny.
P.R dated 09/21/2022 states that work on the audit of it's financial statement is advancing with completion expected toward the end of 2022........ Then it's sent off to the SEC. How long that will take I have no clue. My own hopes is the beginning of 2023
Thank you for the answer! Too bad you could not get more detailed information from direct contact!
The ridiculous offer of "Alternative Liquidity" I had probably noticed, without knowing them, I feel them as vultures ... who tried to get in for peanuts thick. Hardly anyone has sold them their shares. I myself also still hope that a hold out will be worth it!
https://www.marketscreener.com/quote/stock/ITRONICS-INC-120787162/news/Alternative-Liquidity-Index-Announces-Offer-to-Purchase-Shares-in-Itronics-Inc-37589862/
Thank you for the answer! Too bad you could not get more detailed information from direct contact!
The ridiculous offer of "Alternative Liquidity" I had probably noticed, without knowing them, I feel them as vultures ... who tried to get in for peanuts thick. Hardly anyone has sold them their shares. I myself also still hope that a hold out will be worth it!
https://www.marketscreener.com/quote/stock/ITRONICS-INC-120787162/news/Alternative-Liquidity-Index-Announces-Offer-to-Purchase-Shares-in-Itronics-Inc-37589862/
had your call to Itronics been able to shed some light on the darkness
I have not made that call and will probably not call in the near future, if I revisit this company I will. However from my perspective there are too many companies that are in current listing status that are bargains so I am concentrating on those.
here is the meat from the last SEC filing 3/21/22
FINAL AMENDMENT TO TENDER OFFER
This Final Amendment to the Tender Offer Statement on Schedule TO relates to the offer (the “Offer”) by Alternative Liquidity Index LP (the “Purchaser”), to purchase for cash, subject to the terms and conditions set forth in the Offer to Purchase, up to a maximum of 974,776 shares of Itronics Inc. (“ITRO” or the “Company”) at a purchase price of $0.01 per share, net cash to the seller, less any applicable withholding taxes and without interest (the “Purchase Price”) and the related Assignment Form.
The Offer expired on March 15, 2022, and no Shares were tendered.
Re: Mr. Zen post# 23778
"The plan is for me to contact the company and get a feel for when they will get out of the current sewer they are in .."
had your call to Itronics been able to shed some light on the darkness?
Re: Mr. Harpe post# 23779
"Hoping Audit to be completed' and trading to resume in the beginning of 2023 ..."
do you have any information to support your assumption? Until now, it had been said that the SEC filings would still be made in the fall of 2022. Any news on that?
Looks like another big trade came through in the expert market. Up 900%
Thanks for the information. I figured so. Well healed clients. I like that. So true......I keep a sell order open @.70 As positive news keep coming out maybe I will catch a well healed client. Go ahead Make my day.
This whole expert market and 15c2-11 ruling is just a way of keeping average people from getting a head start into companies because FINRA believes that
1. Retail investors need to be protected because they are not smart enough to participate and may create a financial hardship for themselves (ya gotta have money to have brains right?)
2. Broker dealers and their well healed clients want to cherry pick and do not want the general investing public getting in their way (greed breeds greed)
If you follow the FINRA daily list you will find out when they come off the expert market but most retail brokers need a day or two to plug it into their system.
https://otce.finra.org/otce/home
The Rule does not apply to the underlying transactions or the ability of an investor to buy or sell a security. Really! I see two types of brokers in the first part of the rule. Public Broker are restricted, but Broker Dealers are not. Hummmmmmmm. The companies that are affected can't even get good information on how its done. I guess I need a private Broker dealer. That makes no since either. Blah Blah.
Probably didn't want to deal with it.
There is more information on Investopedia:
SEC Rule 15c2-11
Unfortunately, reading the next page (after the section regarding companies with filing issues) the small capital investor cannot buy but only sell into the expert market.
I'm not selling. Sure would like to buy into it.
Thanks for the information. I talked to two brokers that I used. They didn't have a clue on how to buy on the expert market. Maybe they just didn't want to do it.
If you can prove to your broker that you have over $1 million in assets he can buy them for you, then they go into your brokerage account.
Anyone that holds shares in an expert market stock can sell their shares, only qualified "accredited investors" can buy them.
Those shares being sold are going into the expert market. Then where? Someone must be on the other end. I have looked all around for information on the expert market. Vary little info out there. Evan from the SEC, and the OTC. I just wanted to learn more about it.
Those shares being sold are going into the expert market, you need to verify $1. million in assets and $ 100k income per year... The SEC thinks if you have money you are smarter than everyone else and can stand the hit if it goes south.
yea right
Mr. Zen! I read your post over at KOMOF. Call Itronics. They have been good about talking to investors. I have called many times over the years. Ask for Kyle. Hoping Audit to be completed' and trading to resume in the beginning of 2023. I looked into the expert market. No go for me,or my Broker. There has been some liquidation trades now and then for next to nothing. Where those shares are going is beyond me.
The plan is for me to contact the company and get a feel for when they will get out of the current sewer they are in, if I feel like they can handle getting back to being full public disclosure I may jump on board. It may take awhile, I have too much on my plate right now. I can buy on the expert market although I rarely do unless I am involved in some way.
What's the plan?
Alright, this news caught my eye, and then diving into it gets interesting
especially
Market Cap 1,989 10/31/2022
Held at DTC 5,176,286 10/28/2022
too bad it's expert market with promises of coming on line: however
I have a plan!
ITRONICS ANNOUNCES ITS ROCK KLEEN CHEMISTRY SUCCESSFULLY RECOVERS GOLD FROM MINE TAILINGS; SIGNIFICANT NEW DISCOVERY; GOLD RECOVERY; EXCITING BREAKTHROUGH
RENO, Nev., Nov. 1, 2022 /PRNewswire/ -- Itronics Inc. (OTC: ITRO) announced today that its on-going testing of gold recovery from gold mine cyanide leach tailings is successfully recovering gold during the Rock Kleen leaching process. This is a significant new discovery.
"In the current environment of high inflation, confirmed by the Federal Reserve's continued rate hikes, gold has traditionally served investors well as a hedge against inflation. We believe this can lead to growing price appreciation for gold, making our Rock Kleen Technology discovery an attractive opportunity for mining companies and investors with strong upside potential," said Dr. John Whitney, Itronics President.
Process adjustments made during on-going testing are demonstrating that most of the recoverable gold is being recovered by the Rock Kleen chemistry and that the cyanide leaching step recovers much of the remaining gold, thereby improving the overall gold recovery. Measurable gold recovery has now been demonstrated for gold/silver cyanide mill tailings, gold/silver cyanide heap leach tailings, and for very low gold content waste rock.
The discovery that both silver and gold are recoverable by the Rock Kleen chemistry establishes the potential for the Rock Kleen Technology to optimize both silver and gold recovery during processing of silver/gold ore. Gold is much more valuable than silver, so improvement in total gold recovery, while also improving silver recovery, could significantly benefit mines that adopt the technology. The ability to clean up the mine tailings, making them a salable industrial mineral, is a major added benefit, helping the environment.
The Rock Kleen chemistry was developed by Itronics to recover silver, base metals, nutrient materials, nitrogen, and residual cyanide from mine waste. A Rock Kleen chemical process step is being introduced to do a final leach to remove residual cyanide and to recover minor amounts of residual metals including silver and gold. This final leaching step ensures that water soluble elements in the washed rock are reduced to minimal levels thereby improving the environmental safety for the rock products that can then be recovered for commercial sale.
"The Rock Kleen chemistry continues to demonstrate its ability to remove residual cyanide to below drinking water limits, making this a robust environmentally compatible process," said Dr. John Whitney, Itronics President. "The ability to improve gold recovery is an exciting breakthrough."
"We would like to thank our investors for their continued support," said Dr. Whitney. "Our portfolio of 'Zero Waste Energy Saving Technologies' is making the world cleaner and greener and is positioned to enhance the Company's continued drive to profitability."
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a 'Zero Waste Energy Saving Technology' Company that produces GOLD'n GRO multi-nutrient liquid fertilizers, silver bullion, and silver-bearing glass. The Company's environmentally friendly award winning GOLD'n GRO liquid fertilizers are used extensively in agriculture in California.
Follow Itronics on Facebook: https://www.facebook.com/itronicsinc
Follow Itronics on Twitter: https://twitter.com/itronicsinc
VISIT OUR WEB SITE: http://www.itronics.com
Contact us
investor@itronics.com
(775)-689-7696
What's that interesting burp on the InvestorsHub chart?
Where is there any trading in the stock?
Well okay, I haven't called the company for quite a while so I don't know about the audit being pushed back. What I do know is that I've been waiting for Godot, er, I mean the audit to be completed,submitted to the SEC, reviewed and accepted so that trading can resume.
Couple that with the PR looking to evaluate the companies intellectual property for financing purposes and I am naturally assuming that the Rock Kleen process is gaining traction with mining companies and that ITRO is seeking financing to be able to meet anticipated orders.
I can't picture many mining execs and their boards signing contracts with a publicly traded company having a share value of zero. I can just picture an Ironics representative explaining that to prospects; Um yeah, the pps is really worth a lot more, but our front office is not very good at paperwork. But you can trust us with the contract.
I believe that the audit completion has been pushed out until closer to the end of the year. If their track record is any indication, that means early next year.
When I read Intellectual property; I immediately thought of the recipes for producing GOLD'nGRO and for producing Rock Kleen. Like the Colonels secret or Ronald's secret sauce, there is value.
This evaluation will determine how much the company can borrow. Whether it is either one, both and/or something else is to be announced.
The fact that the company announced this at this time and that the audit work is supposed to be done by end of month indicates that significant progress is about to happen.
The four mining companies that have come forward is interesting to me. There is a Green push happening in this country. Like it or not. It is, Clean it up or close it down. Go itro