Integral Technologies Inc. (fka ITKG)

[zdog]

You can listen to replay, of the webcast at : http://electriplast.equisolvewebcast.com/sh-update-7-14-16

I did listen last night. CEO spoke and took questions for about an hour.

What I heard:

Integral went with Ultimate because it is small and private, they find working with large companies takes too long. He said there were things that had to happen to finalize deal and get the 4 million. The up to 50 million license fee is a top limit of what they will receive. He said most of earnings from relationship will come from pellet sales. Integral will own 20%, and ultimate will bear cost of further development.

The "globalization agreement" was not good enough Integral would give up the control of Electriplast technology and not get enough in return. That proposed agreement would have made it so the Ultimate Battery agreement wouldn't be possible. Sounded like it is not going to happen.

Expect more dilution. CEO talked as though Integral was going to seek to raised authorized shares. He said they have to raise cash somehow. Say it ain't so Joe.

He also talked about Delphi, they were still developing Electriplast applications, but with large companies it takes a long time to production.

ChanG Rim has not been ordering as much Electriplast as expected.

He also talked about bundled shielding applications for Electriplast, and that they would look for a partner similar to the Ultimate deal.he said engineering was close on that app.

My take is that Doug is a good talker and all of the deals may or may materialize.

The fact that he is talking about raising cash though the sale of their main product so far (stock), did not have me feeling like the $4 million from Ultimate would hit the bank anytime soon.

All this is what I heard, listen for yourself. You know I listen with skeptical ears. All IMO