Replies to post #2451 on Integral Technologies Inc. (fka ITKG)

[Sptnws]

gktignol:

Thank you for your last post. While most of us knew the difference between Authorized and Outstanding Shares there are many newbies on the Integral Technologies board who are not very well versed. Hopefully your information will prevent others from posting such incorrect information.

Once again thank you for making this board a learning experience.

[daviking1]

Yep, you're right. It helps, as I used the wrong word. The point was,though, that in order to keep in business, the company has to have revenue (which ITKG has $4003 this year) or sell shares (authorized). In the last year they increased the authorized # of shares by triple, therefore making it easier to "Sell" shares if they don't get the revenues that they had been projected 5 years ago. Actually, I would be impressed if they received in hand, 0.1% of the revenue forecasted back then. That, of course, would not even pay for the salary of one of the Bills but I believe that they have awarded themselves options and shares despite their inability to raise any revenues of significance.

Thank-you for correcting me!