Replies to post #7889 on Integral Technologies Inc. (fka ITKG)

[Sputnik]

What the heck happened to Chang Rim? Another one bites the dust.

"We have been working closely with Chang Rim on the material formulation to optimize performance and reduce cost," stated Doug Bathauer, Integral's CEO. "We are at work with our Korean manufacturer, Hanwha Advanced Materials ("Hanwha"), to ensure that we have the local manufacturing capacity in place to support Chang Rim's anticipated demand for their automotive and mobile device projects." Chang Rim's yearly demand is expected to be 50 tons for the mobile device application.

[Sputnik]

When the SEC comes a calling! I can’t wait to hear Doug’s excuse!

2. We note that you estimate that you “will require $3.0 million of additional financing” to continue your operations through the end of your fiscal year. We also note the same disclosure on page 4 of your Forms 10-Q for the periods ended September 30, 2015 and December 31, 2015. Please revise future filings to clarify how and why your capital needs have not changed since the completion of your last fiscal year, despite your disclosures and public statements regarding the developments of your business, particularly with respect to the agreements and relationships with third parties. If those needs have changed materially, please describe. Further, in addition to disclosing a dollar value of financing that you require, please also clarify in future filings the purposes to which you will put that financing.