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Hi Marsred: You said "Not a great time to be trying to raise capital. Especially for a company whose only tangible asset is their dwindling bank account and whose PPS is nearing record lows."
I believe that your opinion reflects the general idea that money is tight considering the "financial crisis" that has occurred in the US and spread around the block to a degree.
I have to disagree however because there are many venture capitalists in the thick of their habits everyday, investing in companies just as they always have. Just as there are many real estate markets in the US right now that are appreciating in the double digits.
I don't believe that it's reasonable to judge Integral's ability to get needed capital solely based on the credit crunch. It's irrelevant if the company, and their IP, is viable. The current stock price is also irrelevant in that case. That just reflects the infectious panic occurring, whereby all sorts of investors are wrongly liquidating their portfolios...doing things backwards as usual. Sure, those who are selling off just to buy back in at a low in order to play the "game" is one thing, but those who are selling to save their butts when retirement is long in the future, well, I just feel sorry for. Here I'm speaking of stocks in general, not necessarily ITKG.
As far as ITKG goes, this crisis is irrelevant if the IP is still viable. "A Game" investors, weather in real estate or business ventures, never miss a beat.
qlt- oh, crush away! : ) Aren't the markets a ride? Funny, my other UV's aren't affected at all. Want me to tell you why? Here's why:
They have all the traits of Integral but, because they are not "disruptive", so therefore they do not have shareholders who are misjudging them, IMO, they're just sitting there about to explode despite the financial crisis. Certain products, even if consumer spending is low and credit for businesses and consumers is hard to come by, will be successful. You just have to pick your products. I'm invested in permanent, ahead of the curve trends (not lightly), and stocks like Integral, products that will change the world, this one via how electricity is conducted. I've got people betting on me to be wrong, but they've been waiting for years for that, and will be, IMO, : ), for years to come.
Am I the only one that understands that there must be endless scientists and companies that would do just about anything, and I mean anything, to steal this technology and make it their own? (and don't tell me about the patent process...)
Gee, having to trust people must be fun for Integral. The last time I heard, disruptive technologies have always taken an unfamiliar road to "fruition". The only thing I'm actually concerned about here is that they'll get burned.
Marsred: You said "Careless at best. To replace existing flight control materials with an unproven one that has not been used in any other market."
Do you actually believe that existing flight control materials would be replaced with unproven technology? Let me just explain something to you ~ it's not done like that. This is, first of all, disruptive technology, and that phrase carries with it a lot of baggage, good baggage for LL's however (but only LL's). I'm not going to get into all of the complexities here. I'd assume that anyone interested in this stock would understand the bigger picture or wouldn't be here?
As for airlines specifically, testing will be rigorous, won't involve passengers, and won't do so for some time. Personally, I can't wait to fly on a plane that has circuits lighting up, and running on for that matter, with Electriplast. I can't wait, but I will.
Regarding the subject of making false claims, that Daviking1 has thoughtfully brought to our attention, you've made 6 rather astounding ones that I, for one, have no evidence to verify them with. I can't verify them to the contrary either. Can you, other than with supposition?
Again, this is disruptive technology. Do you all realize the actual implications of that...hardship? (and ultimate grandiose success?). Everything within me tells me that so much could be going on that we are not aware of. Certainly it's easy to say "why not tell the shareholders if there's good news?" however, I can see all sorts of things happening, or not happening (only temporarily) for different reasons. They're not going to have to worry about attracting shareholders in the future, IMO.
I guess Daviking1 didn't find fault with you trying to "state" unproven facts because you and he are aligned with respect to having negative opinions of this stock. It's only those of us that have favorable opinions who are attacked here.
DK1- I never said anything about "now" or "recently" in my question to you. You are insinuating that IR actually lied to you so, if you please, what did they actually say in answer to your questions, and what were your questions?
To my knowledge, they have never used terms such as "will" when speaking of the timing of their product's success. "Anticipate" is more like it, and a statement using liability-free terminology cannot be criticized. In fact, it is the norm. Nothing has come to fruition YET. There's nothing wrong with that....
I'll take this opportunity to defend myself against your incessant accusations towards me as well. If you have the right to have them published then I have the right to defend myself. Fair is fair.
I've never "espoused" anything on this board other than my opinion. "Knowledge" is impossible unless it was a reiterated stated fact by principals of the company. Any other insinuation about my position is ridiculous and unfounded but it seems that nothing you say is off limits here.
To add, I've never "professed", ie. "claimed to have knowledge", about anything regarding Integral Technologies other than that opinion. Now, to add insult to injury, you're getting away with accusing me of being Michael Pound. Thanks for the chuckle.
Hmmm...as for professing things, how is it that you're "sure" that something negative is about to happen? Correct me if I'm wrong, but I think you just committed the act that you have been accusing me and other LL's of, ie. claiming knowledge.
Daviking1: Can you kindly give me an example of the last time you attempted to garner a response from IR, either via an email or a phone call? Please tell me what your question was as well. Thanks.
notice1212 ~ then you'll have to wait a little longer, most likely. Good luck, whatever you decide to do.
qlt ~ read post #3305 (again), that may help as well. : )
notice 1212n~ read post #3305, that may help as well.
Marsred ~ that example would indicate that someone else made that claim, not Aisenbrey himself. To add, China chickens out on a lot of things. They have notoriously been a hard sell. That has no historical implication on a product's viability.
Hi Everyone ~ I hope all is well ~ yes, I'm still paying attention to all of the details and still impressed. Here are my thoughts if you're interested...and the delay in forthcoming news on a regular basis doesn't concern me...it's expected at this stage IMO.
I believe that the glass is half full (actually 3/4's), not half (or completely) empty. I was encouraged by this report, and not surprised by it's content. I'm simply not concerned with the length of time the process is taking. That the process is moving in a forward direction is all that interests me.
I don't think Integral should be judged on revenue figures at this stage of the process. Honestly, the notion is baffling to me. I think that there are very few of us who actually see the "process" for what it truly is here. Am I, and other loyals, the only ones who understand that actual products must be produced by way of a long, gruelling process called "integrating Electriplast pellets into new and innovative design processes"? This takes time, REAL time, and is a complex process with a beginning, a middle (which we're in now) and an end. (ie. other companies manufacturing leading edge physical products and then selling the ideas to their buyers.) All doable. All will be done, IMO.
The following moment is when I'll get concerned...and I don't anticipate that happening...
Manufacturers have completed their R&D (ie. designed amazing products using our technology, with a lot of money, time and manpower by the way) and they, for some unexplainable reason, can't find buyers. Not gonna happen...IMO. The buyers will be there, from numerous industries.
Bottom Line ~ deciding whether to sell or hold at this juncture based on whether or not there are "revenues" in the coffers makes no sense to me.
Good luck to all...sell if you feel the need...cheaper is better right now for all the visionaries. : )
qlt, to be more specific with respect to my comments on these other companies.....Integral will not only be part of it, they will represent what the others are trying to achieve adaptability-wise, for years to come. IMO.
qlt, thankfully I am able to respond to your post about how I do my DD, or what I consider DD, and perhaps as a result we can go back to our respective IMO corners. : )
Google searches on Electriplast? Ages ago, minor piece of the puzzle, boring. I am, of course, not referring to educating one's self about the IP, that is par for the course, the boring part is googling it after getting that education. THAT is boring. With respect to educating one's self about how this particular IP fits into the big picture out there.....this is where the searches become truly important with respect to that area of DD.
Company releases? Yes, relevant. Content, and how that content is laid out is taken very seriously ~ especially when all but "forward looking statements" must be accurate.
Calling up IR? IR is PR. Ah, but you already know this. And besides, they are so pretentious and are such masters of doubletalk that speaking to them is a waste of time. (especially if you are like me, ie. can smell it at 100 yards)
Now, the selling of shares. Well, you are right. This is part of the DD umbrella, which in my world, can keep me dry in a tsunami. My opinion on this event? Where I disagree with you is the word "evaluated". You will never know ALL of the facts regarding events like these so to allow it to affect your opinion of Integral in a negative way is well, something that I wouldn't do. I don't see the rationale. DD is FACT gathering for me, not conjecture.
So, to reiterate, my DD has me holding faithfully. The "knowns" are all positive for me.
The only sense of 'gambling' or 'ambiguity' that comes into play for me is putting together numerous other threads with respect to the visionary aspect of the entire endeavor. That is WAY too complex and personal to explain to someone else. I'm sure you have your own instinctive formulas there as well. I add logic to my experience, throw in my instinct, which comes from combining the two, and voila, I think ITKG will be a winner.
If I were you I would dig deeper into the IP specifics of these other company's claims in comparison to Integral's IPs and it's capabilities. That's where the grit of DD comes in, with respect to IP. What kind of a chance do we really have..etc. I, for one, am satisfied that Integral has the goods.
Hold long and prosper qlt. : )
qlt ~ that's precisely why I only pay attention to my own DD.
You'd probably agree that it's really not that hard to pick successful pinks or OTC's. Yes, there a lot of factors but if one knows what ingredients are required, then Integral is a winner. Big news, IMO, is coming out in 08, ie. interest and orders, not necessarily revenues to quiet the "revenue guys". But it WILL be the first step to breaking into changing the vehicle in which electrical current travels, that just so happens to be lightweight, much cheaper and hugely adaptable. The potential applications in numerous industries are overwhelming.
For all the doubters, you're either in or you're out. If you're in...you wait. If you're out...stick around and watch for the next year or two. : ) (and there's nothing wrong with the term "year or two" relevant to the long term here...as the Oldguy said...."changing history".)
Medical and Military as well. I think it's been very easy for investors to lose sight of the big picture here. I believe in this company today for the same reasons that I believed in it long ago. The path is cut...the future awaits. This stock is for investors who truly view the impact as a whole, and, of course, have patience. I would have never invested in this company if I didn't anticipate long term initial processes. The idea is too big for casual merit.
Nysepick, lol, isn't it amazing? Noone who actually understands what Integral is doing, and all of its processes, are giving up this company for dead. Au contraire....as you know. : )
Hmmm...yes, could there be something to ITKG after all. Wow, that's funny. LOL I don't have enough fingers to count the bullseyes via Jarco.
Have you decided on the type of lobster to be boiled at the "success" festivities we diehards previously planned? Rock or Maritime..... I think this is going to call for Rock. : )
I received this article too. Smart move Integral. That article is absolutely everywhere today, generating the buzz that they deserve, considering what's in store for this year and many to come. So far I've found it on 7 respectable business/financial sites. If I had all day I'd probably find it on 50.
IMO, they didn't make this public statement to appease shareholders. I don't need to be appeased, I understand what is about to happen with their technology and Jasper, et al. No, it was just a smart thing to do, ie. get their name out there again because they DESERVE the recognition and attention.
If this process hadn't been taking so long and they did something like this (went public with a sane, logical, thoughtful, intelligent, well timed press release) then the shareholders would be impressed with it, simply for what it's worth. EXPOSURE BEFORE THE REAL EXCITEMENT BEGINS.
Marsred (and FYI FV) ~ the disclaimer you have quoted applies to "forward looking statements" only. The company assumes no responsibility if the proposed actions in those particular statements do not come to fruition. True.
The majority of the document speaks of past actions and current actions. If either of those 2 subjects are being misrepresented the company would be liable for such misrepresentations.
When using reasonable thought, IMO, I believe that it is safe to assume that the forward looking statements, which are directly related to the past and current actions, are plausible.
Therefore, IMO, the document is well written, and the document does not mislead investors. In fact, all sounds quite promising to me.
IMO, all that seemed possible at the beginning of this endeavor is still very possible. All is going according to plan, and plans of this magnitude never pan out in a straight line. It straightens out once sales and manufacturing are in high demand. There is no reason to believe that this will not happen. IMO, NONE.
The personalities of the principals, and how they treat investors, leaves much to be desired. That, however, IMO, cannot override the potential of the IP. Not a chance.
FV ~ you can do extensive DD without talking to the company. In fact, that is the only TRUE DD one can do, IMO.
marsred ~ that is correct, the fact that I believe that their IP will be useful for laptop technology is MY OPINION. Congrats. :)
As for application possibilities with respect to the limitations of laptop technology, noone has developed a better mousetrap yet, except, highly possibly, Integral Technologies.
And do you have any idea how much liability they would be dealing with if any of the statements in these 7 paragraphs were false statements?
****************************************************************
Manufacturing
Through our new relationship with Jasper Rubber, founded in 1949, we have secured a manufacturer of innovative rubber and plastics development.
Jasper manufactures a full range of products under three facilities totally 330,000 square feet with an 800 person work force. Jasper currently manufactures a variety of goods for major appliance, oil filter, and automotive industries including several Fortune 500 companies. Since our exclusive manufacturing agreement was completed with Jasper several important steps have been taken. Jasper purchased state of the art machinery which has been integrated into their premises. The equipment although readily available had to be changed and in many instances had to be customized to meet exact specification in order to produce an ElectriPlast™ pellet. This work was done by Jasper’s experienced work force. The machinery development stage has now been implemented and future equipment modifications and expansion will be much easier.
Our focus for 2008
2007 has been a busy year for Integral and Jasper. We have established and implemented an exclusive manufacturing agreement, bought and customized newly acquired pelletizing machinery and completed tests on this machinery in order to finalize an agreement on a pricing matrix from Jasper to Integral. We will continue to expand our sales and marketing activities, focusing primarily on customer needs based on the ElectriPlast™ technology. That said; we believe that the bulk of our sales activities will be conducted through partners and third party suppliers with established industry distribution.
While sales and marketing are becoming the key area of focus for us going forward, we realize that our most valuable asset is our technology. It is important that we maintain our leading industry position and continue to invest in innovation. This objective will be implemented by expanding and protecting our intellectual property, while sharing the cost of innovation with our partners and customers.
From Jasper
The year 2007 has been filled with enthusiasm and hard work by many individuals marketing and manufacturing ElectriPlast™. The sales effort is developing at a controlled pace as it moves from communicating the initial capabilities of the material to new customers, into designing, prototyping and testing of new applications. These efforts are time-consuming, but necessary, as new designs must be created and proven, due to the innovative nature of ElectriPlast™. Also, the new design must be manufactured and tested before production tooling and commercialization can occur. The basic manufacturing techniques have been established and the equipment is currently being utilized for material development and prototyping. We continue to be excited about the future of ElectriPlast™ and believe 2008 will lead us to commercial success.
Conclusion:
In conclusion, with interest having been received for hundreds of applications of ElectriPlast™ from Fortune 500 companies in industries such as automotive, aircraft manufacturing, communications, computers, consumer electronics, medical devices and others, we believe that Integral has moved from the R&D stage of the development of its ElectriPlast™ technology to the next phase being a commercial enterprise.
On behalf of Integral Technologies and Jasper Rubber we would like to thank you for your continued support. It has been an exciting run and we look forward to a very productive 2008.
Yours sincerely,
William Robinson, Chairman & CEO Doug Mathias, CEO & President
Integral Technologies, Inc. Jasper Rubber Products, Inc.
The link you have provided doesn't depict any inappropriate statements.
With respect to the length that the company's website has portrayed their summary of intellectual property and intentions with said intellectual property.....there is nothing inappropriate or unusual there either. Nothing at all. Some processes take longer than others, and even then, this length is not that unusual, so therefore not a red flag necessarily.
What right does anyone on this "blurb" have to insinuate that Plastenna/Electriplast is not a viable product?
There is no such thing as an LL selling stock. If they did so...they are not classified as LL's. "Loyal" means sticking around, ie. holding. Even if you mean that "seeing the light" is a synonym for "considering"..well, "considering" is not selling. Rational thought takes over, and selling doesn't occur by LL's.
Your negative insinuations are getting less and less succinct. The company is actually going to have to do something wrong in order to stoke your fire authentically.
qlt~ that super thin Apple laptop doesn't have an optical drive.. ...because it doesn't have room for it. That is significant. There is hope yet...trust me. : )
Unless you're 85 or older, that shouldn't be a problem! : )
Qlt: See post prior to this for a note to you... and remember my post # 2992? It's going to get mighty frothy! lol
Nyse, NO! lol You won't do it...I'm focussing on the phrase "until at least the end of this quarter". That could imply that you are intending to hang in until $15/share!
No worries QLT, our main man is a true believer. : ) Besides, he must be proven right at the homestead after all he's put them through. lol I'm looking forward to doing some buying soon. These prices are attractive, to say the least.
qlt ~ Can I pay you from the cream I gather from buying shares at $1? : ) I won't miss it.
Here Here Nysepick. This is just another buying opportunity to those of us who see the big picture.
qlt~ I've never provided technical analysis on this board, although I could if I was interested in doing so. You must have me confused with someone else. Have a nice day. : )
Qlt, p.s. With respect to whether I've bought back in yet, or not, just in case it is on your mind, I'm never going to let that cat out of the bag again. lol
Nysepick ~ always the gentleman. Thank you for the kind words. Yes, IR is a joke. : ) You'll probably enjoy my latest metaphorical assessment of these guys...these visions come to me whilst I sleep. lol
Integral is a company where, regardless of how badly the idiot behind the wheel is driving the car, the engine (Electriplast) will stand the test of time. It's a SLANT 6 ! Fundamental, simple, strong and will run anything, almost indefinately. :)
(p.s. I used to own one, intentionally, she's being shown all over the US now ~ the collector I sold her to had an identical classic and they're being shown together.) I know, it's a "romantic gurl thang" to care. lol
Remain optimistic sunshine !
I'm glad you're all having fun with this, especially now that you've made it clear that you think being a woman is somehow relevant. Early on, when I took/had the time to contribute well written posts on this board concerning Integral I was highly praised for my contribution. They're all there boys, if you care to read them.
As for your accusations and insinuations, (that don't warrant much of a response but what the heck), on 10.29 I wrote about my opinion regarding Integral's future and stated what I had intended to continuing doing, and now, will do again in the future. (without flipping, as I have never done so in the past and don't intend to again in the future.) Things are so pathetic over there right now I thought "why not?", they deserve no better at the moment.
Details are...the eve of the 29th I decided to do some serious re-evaluating of the situation. This, coupled with more thought about a (not too impressive, as I wasn't one of the private investors, just a lowly common shareholder like the rest of you) conversation that I had with Vancouver previously, made me hedge my bets and decide to sell on the 30th, NOT the 29th. Btw, I'm very used to speaking (successfully and productively) to CEO's, etc of companies. I could have been treated with MUCH more respect, instead I was patronized with doubletalk. I wasn't expecting to get any significant information, that is not acceptable and I've actually written about my thoughts in that before, however, I got P&D, as I said. Ridiculous.
I sold at $1.62 and it closed at $1.53 that day. Good call I'd say. The last time I checked, 5 minutes ago, it was down to $1.35. Most of the shareholders bailing right now, IMO, are, as stated earlier, those losing faith. I am not. (not that my words are taken literally anymore, hilarious).
I'm guessing that nysepick, gk, and the other notoriously intelligent and respectful gentlemen on here are not having the same thoughts about my postings, nor are they thinking that I have some sort of "agenda".
Those of you who chose not to profit during this pathetic decline, soon to be incline again IMO, do so as that is your choice. I decided to. My choice. How awful of me.
Whatever you do, don't learn any lessons from me, and now that it has been brought up that I am a woman, it's probably better that you don't pay attention to me at all anymore. I'll tell you what. I'll stop making the wonderful posts that I have regarding ITKG, and the details that investors, especially newbees to this board should hear for fear of giving credit to ITKG when it is deserved, as I have always done. This way you can all relax and take a deep breath. Let the naysayers with no credibility with respect to their negative comments win.
Enjoy the temporary decline....so sorry that you didn't make anything from it.
It will be so interesting to see if this is deleted. After all, you were all able to insult me from here to tomorrow and God forbid that I should defend myself. I even did it without insulting you back. Yup, I'll probably be deleted....
qlt ~ not sure why you'd hate yourself, lol, sounds like an assumption about my reaction? C'est la vie....
You said: "that usually involves buying low and selling high"
Yes, I agree. (and it is enjoyable)
You said: "Holding on while the price drops and then selling your entire position at a loss"
I never stated that I sold my position at a loss, anywhere.
I'm sorry to have caused you such an energy expenditure, I'm not sure how I did it. : )
If I'm wrong about the pps dropping down further to, what I deem to be, the low before the chronic appreciative storm, (don't ask me to explain my instincts, but they are known to be extremely reliable) that's fine. I won't mind buying back in regardless. The future is bright. Besides, I just made twice the profit over the past week on another stock with the funds that I took from ITKG. That made it even more entertaining!
Vancop, Hi, : ), I agree! What I sold wouldn't have made too much of a dent in the PPS, however, I too am willing the stock downward. Yes, us loyals are going to make a fortune in the future. If Integral's business plan insists on taking so long to pan out to its potential, hey, even the (extremely rare) flippers such as myself will get in on the fun. : ) What I am hoping for is that the faithless, many of them, will be the sellers now. That's what's happening, for the most part, IMO. Haha.... See you at the party! : )
nysepick, thanks, and I most certainly will. I have no intention of not doing so. My opinion of Integral hasn't changed one iota. See you in the future. Lovely to have conversed with you over the past few months.
Gatman ~ I sold my entire position last week, and will be buying in again, just not yet. I've never flipped before but it was too good a gamble to pass up. I will still be a loyal long in the future, just jumped off for a minute. The fluctuations now are almost as predictable as the inevitable future success of the company. : )
Hi JK - sorry for the literal hopscotch. Here is a relevant excerpt from the 10K filed in Jun/07.
"We anticipate spending up to approximately $250,000 over the next twelve months on ongoing research and development (primarily salaries and consulting fees) of the different applications and uses of our technologies.
During the next twelve months, we do not anticipate increasing our staff.
As of June 30, 2007, we had $2,240,358 in cash on hand. Accordingly, management believes that there is adequate cash on hand to fund operations over the next twelve months."
Prior to this, under "Risk Factors" it was stated:
"If we do not generate adequate revenues in our fiscal year ending June 30, 2008, we may need to raise capital to continue our operations. We estimate that we will require $1.8 million to carry out our business plan during our fiscal year ending June 30, 2008. We had approximately $2.2 million in cash on hand at June 30, 2007."
They have implied that, firstly, sans a major disaster, funds are adequate to June/08 and secondly, should they need an additional influx of cash, it won't happen until after the year ended June/08.
By my calculations, they are estimating a positive cash flow of $440,358. After deducting their anticipated R&D (salaries and consulting fees to y/e 6/08) they will still have appx $190,358 in their coffers.
Should all go wrong, and they, for example, cause this dilution via funding in January out of the blue, or worse, pack it all in prior to 6/08, we can complain all we want, however, to little avail as they are incorporated in Nevada. (as am I). Although, I always keep my promises ~ it's more for tax purposes than avoiding liability issues.
In my opinion, all will be well with Integral. I think that their personalities leave a lot to be desired, but I also think that the IP is bigger than anything that they can do to harm it's success in the future. I feel the same about Jasper, Knowles, Heatron, ADAC, and Espirit. (ie. much more powerful than any negative PR created by Integral). As long as the manufacturers have their ducks in a row (historically these ones seem to have always done so) any insufficiencies in personality over at Integral are irrelevant to me.
Daviking1 ~ JK stated: "they have zero sales, zero pending sales and they will have to sell another block of shares continue to pay their salaries and give each other bonuses." THIS IS NOT AN OPINION. THIS IS BEING PRESENTED AS FACT. THAT IS SERIOUS. I've asked him to prove it, he hasn't done so to-date. Other investors, or potential investors, should not be subjected to such statements unless they are supported by evidence.
As for my being one of those "friends"....wonder away.....