Egregious behavior.
I see they filed 3/28/23 a form 10-12G. An inquiry to the SEC revealed it, NOT anything from ITKG who never responds. Looks like there are as many as 290 common share holders like myself. As of 1/1/24, we are going to get 1/12,500th of any stock value going forward. Meanwhile, the two individuals on the form 10-12G will catch up on back salaries at an 8% interest rate. Seems egregious to me as there is likely intrinsic value in the product we all initially put our money into AND that product is being used currently and will be used in the future. They use the term "rebranded" to define the transfer of the IP to Polyone (Avient) while granting NO compensation to the shareholders. We were given a lot of lip service with terms like "monetize" and "getting current with filings". Those promises sounded good and I wouldn't complain as start ups are a gamble, except that the captain/s are not going down with the ship. Instead, they are set for a huge payday while washing out the investors. I hope one of the 290 share holders has a lawyer willing and able to turn the ship. At the moment, it seems that 6 months from now, we are all going to the bottom of the ocean as the two at the top calmly step onto their new ocean liner and sale off into the sunset.
