Replies to post #1445 on Integral Technologies Inc. (fka ITKG)

[gktignol]

Mr. Plum,

You have raised several salient points -- all of which are worthy of discussion. Allow me to address one for the moment and I'll hopefully have time to come back to a couple of the others later this evening. If not, there are several other knowledgeable posters who may jump in with their opinions.

You asked, in part, "Someone clearly has confidence in this company, or is it ALL the Toby Smith effect?"

Tobin made his first recommendation of this stock somewhere around mid-March if memory serves me correctly. I believe he followed that up with another recommendation sometime in May.

If one looks at the 'Trading Volume' column in the chart below, it's pretty easy to draw the conclusion that the "Toby Factor" was at least partly responsible. Having said that, I do not believe he is totally responsible for the stock's movement this year. Why? With the exception of February and October, every other month had decent trading volume of 4.5m-5m shares or better.

Month	Trading Vol % of OS  Closing High Closing Low 
 Jan	4,957,970 	11.67		$0.84		$0.36 
 Feb	2,153,482 	5.07		$1.01		$0.67 
 Mar	8,837,109 	20.79		$2.20		$0.91 
 Apr	4,423,515 	10.41		$1.94		$1.44 
 May	9,058,594 	21.31		$2.85		$1.75 
 June	4,535,941 	10.67		$2.50		$1.93 
 July	4,957,074 	11.66		$3.37		$2.38 
 Aug	6,123,020 	14.41		$4.05		$2.63 
 Sept	4,801,173 	10.55		$3.89		$2.69 
 Oct	2,431,664 	5.34		$3.30		$2.51 
 Nov	8,913,179 	19.59		$4.09		$1.92

Notes: % of OS based on 42.5m shares Jan thru Aug; 45.5 Sept thru Nov


There have been several other things this year that (IMO) have impacted the stock's trading patterns.

Jan - The Chairman's Letter
Apr - The Heatron License Agreement
May - 7 Additional Patents Approved
June - Tom Spoke Before the NPE
Sept - Jarco License Agreement and Additional Patents Approved
Nov - CES Award and Jarco Mfg Agreement

And that's the short list; there's probably a few other highlights I've left off this list.

Am I happy as a Shareholder that he's here? Absolutely! Do I think his (subscribers') presence has added to the volatility? I cannot know for sure, but if pressed would likewise have to answer in the affirmative. Would we "survive" if he decided for whatever reason to back off of his extremely enthusiastic recommendations? Again, I'd have to answer with a resounding 'Yes!'

The wheels are in motion -- kinetic-like energy is now at work. Will we continue to see volatility? You bet! Is our outcome assured? I have absolutely no doubt about it.

Again, thanks for writing. You submitted an outstanding post!

gktignol

[nysepick]

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