Mr. Plum: Here's another perspective to a point you raised.
Someone clearly has confidence in this company, or is it ALL the Toby Smith effect? Longs will know better and comments on this would be appreciated.
From my optic, we are seeing more than just the Tobin Smith Effect driving the upward movement of this equity. Yes, TSE has had an impact as would any wave of buyers who decide to buy in after a long period of due diligence and observation. But I think you are also seeing renewed energy on the part of longs as well as folks who have been sitting on the fence. After a series of progressively encouraging press releases, along comes the ADAC Automotive licensing agreement.
While it didn’t include a “name” company, all one had to do is “drill below the surface” to determine who suppliers ADAC, STRATTEC and Witte are targeting as clients. They are Honda, General Motors and Nissan. Moreover, based on the graphics on the ADAC website, it appears they are already making door and other components for Ford.
Also, one of my colleagues discovered that a nanocap mutual fund, Birmiwal Oasis Fund, has purchased a small position (35,000 shares) in ITKG. The tiny Oasis Fund is highly successful, having appreciated 85.4% since inception in April 2003. The mutual fund rating service, Morningstar, gave the Birmiwal Oasis Fund five stars, the highest. The significance there is that Integral is slowly approaching the gravitational "pull" of capital appreciation mutual funds.
Incidentally, Kailash Birmiwal, who runs Oasis, formerly taught electrical engineering at Southern Illinois University at Carbondale. I'll bet he kicked the tires on ElectriPlast before investing.
Cheers
