ElectriPlast

Welcome to the world of ElectriPlast!! This Blog is dedicated to open and honest discussion on Integral Technologies & their intellectual property (IP) known as ElectriPlast. Discussions on this Blog include: Historical Perspectives (Integral & its Products); Management Profiles; Patents; Production Issues; Tech Spin-offs; Product Speculations and Time Tables; The Game Plan; Media Relations; Corp Supporters; Shareholder Impressions; & the Latest News.

My Photo
Name:
Location: Bavaria, Germany

I am a retired US Government analyst, currently residing in Germany. I am also a shareholder in the company called Integral Technologies (OTCBB: ITKG), and have a desire to enlighten and share its great and still emerging story. I am well read, focused and appreciate challenging interactions which spark creativity and develop enlightenment. That is why I created the ElectriPlast Blog, and the reason I am here.

July 23, 2008

ElectriPlast: Shareholders Slam Integral Commo Policy




Silence

is Not

Golden



By Vince S.
ElectriPlast Blog Editor





EB Publisher's Note: Recently, the EB Editor conducted an informal survey, polling a number of ITKG Shareholders on various Internet Boards, Forums and other Venues. This article is a direct result of what you, or your fellow stock holding stakeholders have shared. So, what say we all see just what "The Survey Says"...



"We need consistent and transparent shareholder communications."
ITKG Shareholder



Hello, Bellingham? Is Anyone There?

Nine months after the famous joint press release in which Integral CEO Bill Robinson boldly proclaimed 2008 as the year our ElectriPlast technology would be commercialized, shareholders and EB readers are still waiting. By now, we expected a steady stream of press releases, a CEO Letter to the Shareholders, supportive statements from Investor Relations, and the opening of the new website, ElectriPlast.com. Indeed, the EB desk should have been in crisis mode dealing with the abundance of news extolling the virtues of our disruptive conductive polymer!


That's the way it should have been.

Instead, we are eight months into 2008 and no commercialization! Even worse, there have only been two insipid press releases* from Bellingham ((*)now "three" counting yesterday's 'nail-biting' article), and they were issued six months ago! Since those two releases, there has been no information out of Bellingham other than the obligatory SEC filings. Loyal Longs are hard pressed to think of a period in Integral’s long history during which shareholders have been so isolated by management. And based on their survey results, shareholders are ticked off at being shut out. We’re not talking about receiving material or inside information; that would be illegal! We’re talking about common courtesy; information that shareholders in any publicly traded company expect as a right of ownership!


There’s Nothing Like a Survey to Get it Out in the Open!

Anger and frustration, the ITKG shareholder’s lot, really spilled out during a recent confidence survey. A small, but critical, block of ITKG shareholders were participants in the survey. They are critical because they hold or influence 266 investment accounts and nearly eight million shares (18% of the shares outstanding), and they vented their anger about Integral’s managerial and communications style! To no one’s surprise, the issue that grated the majority of shareholders is the abysmal lack of communication between Bellingham and the shareholder base. Survey responders, many of whom have held their shares eight years or better, roundly castigated Integral management for its abject silence. In fact, several shareholders said that some other penny stocks they own have taken extraordinary steps (initiating Blogs, sending company letters on a regular basis, etc.), to communicate with them, the very people who helped fund their company. That isn’t the case with Integral Technologies, so some shareholders said they would make this grievous lack of communication their main gripe at the first shareholders’ meeting.


Shareholders believe in the concept and the technology; they have great confidence in the Jasper involvement; and many believe that this will be the commercialization year, based on Jasper CEO Doug Mathias’ comments. Such confidence does not extend to Integral management. As a result, Bellingham was blasted for its narrow-minded approach to the communication issue. Shareholders expressed pent up frustration and anger in a series of strongly worded comments: “communicate more,” “a letter to the shareholders every six weeks,” “I don’t perceive that management cares for us,” “No investor with this company should be reading new information about contracts, business relationships, patents, etc., in a trade magazine,” “I am invested in another…startup and I hear progress reports at least every two months,” “Quarterly updates…,” “…more letters to shareholders,…” “If a previously announced statement of progress has been made and not met, an explanation should be given,” “quarterly management updates,” and on the litany went. Harsher words were spoken by some, but they cannot be quoted here. Clearly, ITKG shareholders are NOT happy with the manner with which Integral communicates with them.


So, What Do Shareholders Like?

Despite strong shareholder feelings against the Boyz in Bellingham, there were mostly positive feelings for Tom Aisenbrey, whose genius made ElectriPlast possible. Sentiment ran high that this, indeed, would be our commercialization year. In fact, many survey respondents thought Q2 would see the first contact announcement, even though there has been no buzz from Bellingham. Most of the respondents said that the relationship with Jasper Rubber was critical to the success of ElectriPlast. Doug Mathias, CEO of Jasper Rubber, was viewed in a highly positive manner, and is the main reason many shareholders still believe in this partnership and continue to hold this investment. Per one contact, “Mathias has a record of success in business. He is receptive, innovative and a hard working organizer…he has my vote in the capability department.” We would be hard pressed to apply any of those adjectives to Integral management! Moreover, Jasper recently stated that it has “committed the necessary resources to bring commercial success in 2008” to ElectriPlast. That was a table pounder, a significant statement of support and another boost to those who know how to read the many small signs that appear here and there.


The Bottom Line

The vast majority (92%) of those who responded to the survey cared more about receiving general (not material) information on a regular basis than the fact that we are 88% down from our all time high share price. They demand to know the status of the ElectriPlast. Com web site. What happened to the notion of a Board of Directors? Why can’t shareholders hear about new patents and media releases before their general release? Is there a reason, other than arrogance and rudeness, why we don’t hear from Bellingham on issues of interest to shareholders?


The bottom line is that Integral Technologies had better have plenty of answers for that first shareholders meeting. To paraphrase one shareholder, "I’m here because I believe in the product, not the personalities in Bellingham." Based on the survey results, that shareholder has plenty of company.


Stay tuned, folks!




41 Comments:

Anonymous Anonymous said...

very factual. When is this 1st shareholders meeting?

July 24, 2008 6:41 PM  
Blogger PK... said...

Anonymous -- Not to be a wise guy, but I would think that the first mission of a Board of Directors. Until the time one is installed, it (this 1st Shareholders meeting) will happen at the whim of Integral Technologies' CEO, and as absent as he has been from the scene of late (a choice on his part), such an event might be anyones guess...

I wish I could relay something more positive, but honesty / transparency is usually a better option.

PK sends...

July 25, 2008 9:32 PM  
Anonymous Anonymous said...

I'll echo PK's sentiments: I think the 1st SH meeting will coincide with the installation of a BOD and our move to Nasdaq Small Cap (or a similar venue). Integral will not have a SH meeting until forced to do so. It would be nice if they actually started acting like a legitimate company in advance of our presumed success instead of only doing what they are "forced" by law to do.

July 25, 2008 11:09 PM  
Anonymous Anonymous said...

The logic of this whole argument doesn't make sense. If ITKG had anything good to communicate - they surely would. They have every motivation to do so. The company is quickly going broke and need to sell shares to raise cash. It's going to take a lot of shares at around $0.50 to do much good. We're sunk. PK - at what point are you going to admit that this is a failure?

Still long a lot of shares but feeling pretty stupid.

August 03, 2008 11:16 PM  
Blogger PK... said...

Anonymous,

Integral is far from "sunk". Is it manipulated? Yes. But sunk, I would say definitely not. Money is available, the product, its potential, and the collateral interest remains real and present.

Don't let the tree in view distract the notion that a forest is present.

As for the communication aspect, that is the real surround sound problem here. You (and I) are making judgments based on controlled Integral Technologies communications (or lack thereof). I, and others, base insight on information and assessments gleaned also from beyond that controlled medium.

While what I offer can be considered far off base, I still tend to think this is not the full case -- besides this is not a total Integral Technologies event, and this is not the sole focus I have been offering.

Instead, in at least my writings, I have praised: the JARCO aspect, the JARCO CEO response, the JARCO sales team potential, and the JARCO manufacturing ability.

Moreover, I think in reading at least my commentary on the EB you can sense the critical regard I harbor for Integral's handling of this investment’s potential -- their reluctance to work more closely/swiftly* with JARCO -- their stand-off nature with their shareholders (despite their reasoning).

(*) This is not a known fact, but an impression gleaned by the Integral’s dealings with its own shareholders—one can imagine that if the CEO treats its shareholders with less regard than its other deep pocketed Stakeholders, then they more than likely may have equal issues when it comes to playing well with others that are considered its peers.

No, communication is king in this regard, and failure to communicate it the primary problem and the prime reason that a Board of Directors (BoD) offers a far better option for all concerned--all except William Robinson that is. Giving up control is a hard thing to do, but since HE initially proposed the BoD, we can only hope that HE follows through and institutes this reality.

Think on it in this light. If communication, transparency, fuller disclosure, and shareholder engagement were present, then there would be far less anxiety, confusion and fear -- and what we see offered here and now would be replaced with knowing confidence.

Unfortunately, this positive, open, transparent form of communication is not Integral's current contribution to the equation, and as a result...like with the tree over the forest, this remains the focal-point problem as I sense it.

A problem more real than the company going bankrupt or as you note, being "sunk". To that end, that is only speculation based on limited (and as I noted earlier, possibly “manipulated”) information from an apparently questioned source.

I hope that helps to add a germ of sense and reasoning to the matter...

PK sends...

August 04, 2008 4:14 AM  
Anonymous Anonymous said...

PK -

No disrespect,BUT, your post is well written and very eloquent, however, does not address my concern. Integral has the motivation, need, and urgency to do everthing possible to get the share price up. You say in your first paragraph that they have the money. By my count, yes, about 3 months left. This mean more massive dilution is coming quickly. The share price is down over 80 % from its high. At current prices, the market will not stand for a futher dilution. This company is nearly broke, both financially and broke in goodwil with shareholders and potential customers.

Jasper rubber has been in a position for nearly two years to take electriplast and make some money with it. They haven't done it. So much for the JARCO sales team potential.

At this point in their development, I have to assume that no news is bad news. There is no other logical explaination for their silence. My guess is that ITKG management is most concerned with potential sharholder lawsuts, hence the new lawyers that were retained.

I'm still holding a large position but believe that it's been a big mistake. I cannot find a silver lining anywhere.

Again my questio to you, PK, respectfully is: AT WHAT POINT IN TIME, OR WHAT EVENT, WILL YOU ADMIT FAILURE WITH THIS INVESTMENT?

August 04, 2008 5:01 PM  
Anonymous Anonymous said...

has anyone seen a release from the company today? I have looked, but have not seen anything. Just curious why the 30% increase on such little volume....

August 04, 2008 8:33 PM  
Anonymous Anonymous said...

I know you were asking PK, but since this is a public blog I'll weigh in until he has time to do so. The simple answer is: He's already answered your question. I'll offer the same due respect you've shown him by saying, I think you've got that whole "forest vs. trees" thing going on.

In his opening statements to you he said, in part, "Integral is far from "sunk". Is it manipulated? Yes. But sunk, I would say definitely not. Money is available, the product, its potential, and the collateral interest remains real and present."

It's easy enough to look at the converse of his remarks to see that he's at least implying, when the money is NOT available, the product, its potential, and the collateral interest is NO LONGER real and present, then we're sunk.

He's a big boy and can weigh in for himself. But, I believe my take on his answer to you is just that: his answer to you.

A question if I may. If you indeed still hold a large number of shares (as you've stated), and further, if we are indeed "sunk" (your words), why in the world would you continue to hold a large number of shares?

Your shares .... your money .... but highly illogical.

August 04, 2008 11:38 PM  
Anonymous Anonymous said...

Can anyone here factually show me when we have EVER suffered from "massive dilution" and the corresponding negative affect it had on our share price? Thanks.

August 05, 2008 12:12 AM  
Anonymous Anonymous said...

Historically dilution may not have been an issue. However, that does not mean that it will never become an issue sometime in the future. As a shareholder, on the outside looking in, one must consider dilution as a potential reality (unless we get to the day when employees and attorneys work for free). Dilution is particularly relevant with a company that has not had positive cash flow for a long long time - which should not be a big surprise to anyone who understands the type of intangible assets which ITKG holds and the significant effort that is required by management to first protect those assets, and secondly put those assets in play (i.e. generate income).

To be frank it is next to impossible for any outside shareholder to even guess when positive cash flow will in fact be reality for a company like ITKG. We're at the mercy of management to tell us when that day will come, and for better or worse they have chosen not to share that. I do think that management has given some insight into why, such as the lengthy testing period that is required of a new material. Bottom line, an investment in ITKG represents an extremely HIGH risk asset for those of us who are willing to make the investment - I know that is not a surprise to anyone reading this blog...

August 05, 2008 1:59 AM  
Anonymous Anonymous said...

Very nicely put. Thanks for your reply.

You are correct in that, we don't know what we don't know. And we are at the whim of those who've proven that they prefer to keep the shareholders in the dark on nearly everything except for that which they *have* to tell us.

August 05, 2008 3:29 AM  
Anonymous Anonymous said...

"Integral is far from "sunk". Is it manipulated? Yes.

Integral isn't suffering from manipulation, it's valuation is depressed due to gross lack of execution. In what little communication they do for articles year after year, they're constantly touting how many NDAs they've signed, how many pounds of test pellets they're providing for prototyping purposes and yet none of it has ever resulted in a sale. They can only claim so many years are "go to market" years that then aren't before losing all credibility.

August 05, 2008 3:04 PM  
Anonymous Anonymous said...

stay tuned for more silence.... I've held other stocks with long extended silence from management, which has almost always spelled one thing for all of them - a long downward spiral.

August 07, 2008 8:44 PM  
Anonymous Anonymous said...

The company is almost broke. The 10Q is 3 weeks late. Anybody concerned?

September 10, 2008 2:14 AM  
Anonymous Anonymous said...

I'm sure they are trying to get the wording just right this time....

September 11, 2008 9:48 PM  
Blogger James said...

Looks like some insider trading is going on, with the stock price going up the last two, three days. Or some manipulating before the big crash!

September 12, 2008 11:15 PM  
Anonymous Anonymous said...

PK - what do you make of the high volume today? Did anyone find the Bellwether report on ITKG?

September 13, 2008 1:17 AM  
Blogger PK... said...

Anonymous --

Apologies to all those who have written comments, I had been on vacation, an excellent family reunion, and again on vacation.

Many have had negative comments to share over the past weeks, and for many reasons these were well deserved. Let me note that the silence offered by Integral was unforgivable, but, maybe with the recent price per share increase, this could be an indicator that Integral is no longer calling all of the shots. Like with our upcoming presidential transition, maybe this is a sign of the change to come... And with that we all can hope, watch and wait with anticipation.

James --

Looks like some insider trading is going on, with the stock price going up the last two, three days. Or some manipulating before the big crash!

You asked about the prospect of insider-trading taking place.

Well, the fact that JARCO (as repeatedly reported here) continues to move forward with its plan to make ElectriPlast a primary niche of its infrastructure and marketing payola, the chances of one of their clients (or their employed staff) seeing potential beyond the immediate bottom line, is and has always been a reality, and a trip-wire mentioned in past correspondence to describe ElectriPlast viability and as a prospective pre-announcement indicator of a pending and signed Purchase Order contract taking place.

In my opinion, I tend to think along these lines, while keeping in mind that a number of other issues are more than likely occurring:

a.) BR's involvement is still in question. He has not been able to take this beyond the glass ceiling in the past, and it is doubtful that unless a Board of Directors or some other change-over occurs, this will ever happen. So we'll call this the: "Bill-watch issue"

b.) Doug's ever-active involvement is more than welcomed; he and the good folks at JARCO are this stock's godsend. Will their role in promoting ElectriPlast extend to product announcements? We can only hope. So we'll call this the: "JARCO-impact-beyond-product-sales issue"

c.) As always, there is the potential for a buy-out. Two years ago, BR -- with the permission of the stock's shareholders -- instituted a poison pill to deter prospective hostile stock takeovers as the glass ceiling came closer in view and the ElectriPlast potential came on the radar of the larger Fortune fish in the marketplace.

Actually it was a two pronged approach that involved a reservoir of untouched shares, and those patents that TA has been writing throughout the years.

The question that raises is: If a buy-out were to happen would BR fight, applying the poison pill to make it an extremely expensive venture for the other interested party (in this, were it to happen, we could see our PPS rise well over $70-$150 easily--and drop just as easily afterwards)? Or, would he entertain the prospect of a friendly take-over/buy-out wherein the PPS could achieve a $5-$10 bump (this is of course after we (JARCO) begins receiving product Purchase Orders and contract are signed)?

Which way will BR go were this eventuality presented?

We'll call that the: "Hopeful future"

d.) Then there is the self-destructive potential, wherein we could see BR whizzing it all down his pant leg and allowing his past inattentive inaction to continue, and thereby allowing the stock and our trust in its potential to attrite and deteriorate down to unredeemable levels.

I for one don't see him as self-destructive, definitely not in this light.

I mean, the guy is smart, smart enough to be a key cog in this venture. Key enough to have laid the groundwork to the options that are before us.

While I believe we will never see success with him at the helm of this ship, I do see the ship as being extremely capable of weathering the storm under the hands of another, more engaged, leader.

I believe BR knows this as well, and as a result, and for his own personal reasons/incentives, he will willingly step aside to allow others to take ElectriPlast (and our stock) to the next level, and beyond. After all, he is the one who initially brought up this talk of a Board of Directors; I can only surmise that it was always in the back of his mind...

So we'll call this the: "Change-over"

And with that -- these are just some of the sub-current issues that I and others are watching for. The best bits are usually found just under the surface. When you dig a little, you can surprise yourself with what you uncover.

Anonymous --

PK - what do you make of the high volume today? Did anyone find the Bellwether report on ITKG?

I would say that a trip-wire or two has been crossed.

Consider it a preamble to the "Start your Engines" announcement.

Enough yammering from me, it’s the weekend and you all have better things to do.

Cheers and best to all,

PK sends...

September 13, 2008 9:10 AM  
Anonymous Anonymous said...

PK - was the poison pill a flip-in or flip-over pill?

September 15, 2008 9:46 PM  
Blogger PK... said...

Anonymous --

That is a fair comment, especially for those new to this stock-interplay, or those who have been here awhile, but who may have forgotten the events surrounding the proxy vote--2 years ago--that this Poison Pill comment refers to...

For clarification, recommend those interested re-read the following post for added insight and for reference.

http://electriplast.blogspot.com/2006/04/electriplast-upcoming-proxy-vote.html

Cheers,

PK sends...

September 15, 2008 11:03 PM  
Anonymous Anonymous said...

PK - there's a lot of people in the US drinking "the kool-aid" these days. I just hope we aren't in that camp as investors in ITKG.

September 18, 2008 11:55 PM  
Anonymous Anonymous said...

did anyone see the following analyst report from Bellwether Report?
Analyst Commentary:
Although shares of Integral Technologies Inc rose strongly in today’s trading session, we are taking a negative stance on these shares since we believe they are overbought.
Analyst Opinion:
We believe this stock will likely pull back in the short run and would advise investors to stay away from this investment at this time.

September 19, 2008 9:13 PM  
Anonymous Anonymous said...

You can't be serious that you actually take this report seriously! I'm not sure how valid this "research" is considering they didn't even get the Key Executives section right! You can surely find other reasons to cast aspersions on them than something you found in some monkey-generated report.

September 20, 2008 2:29 AM  
Anonymous Anonymous said...

I didn't take it serious. In fact, I called Bellwether and asked what the basis was for their opinion. The answer was less than supportive, and it was clear not much research went into that opinion. The question is this, why are they issuing an opinion on this stock all of a sudden? Why a negative opinion with no real basis other than "it's over bought"? The timing of this so called "analyst opinion" is coincidental to say the least.

September 22, 2008 6:00 PM  
Anonymous Anonymous said...

PK - shouldn't the quarterly filing be coming soon? Seems to me that ITKG's cash position must be dwindling based on the 8 month estimate in their last filing. Given the current credit environment I hope management doesn't find themselves in a position where they need to obtain quick debt financing.

September 25, 2008 1:25 AM  
Anonymous Anonymous said...

Have you stopped blogging? That could be a bad sign for sure.

October 04, 2008 11:21 PM  
Blogger PK... said...

Anonymous --

I have not quit the Blog, as a matter of fact, I submitted an article for fact-check/editing a few weeks ago.

Then, there was news of Michael Pound’s departure, but more importantly, there was positive news regarding an important Conference call that took place, and indications of forward movement with impacts and results to be seen sometime in the next 4-12 weeks.

That was before the market decided to become part of the Political playfield.

While I am sure the momentum observed a few weeks ago is still in play, there remains the fact that the Meltdown taking place could throw a monkey-wrench at our pending good fortune.

To that end, I am waiting on events to unfold as oppose to parading out the latest in rumors and cheering the CHARGE to all concerned.

As some analysts note, while the writing has been on the wall for the past 5 years, it still comes as a surprise that the crisis hit now of all times. Worse, no one can know the true impact until the politics of the US government, and the intervention by other countries is seen and discussed...

So, once again, I am still here. I am still strong in the belief that Technology and Energy are the way forward -- not only for our country; its employment revival; and our economy. And (for so many reasons) I still strongly believe that ElectriPlast is one of the many mediums that can put us in the center of an economic upturn.

For now though, let's watch how things shake out and discuss the true impact as the image becomes clearer...

Cheers and best regards, still from the Heart of Bavaria --

PK sends...

October 05, 2008 1:43 AM  
Anonymous Anonymous said...

PK - we're getting closer to the end of 2008 and without knowing the exact cash balane I would suspect it is getting low. What are your thoughts on ITKG having to issue additional shares to continue operations?

October 23, 2008 8:24 PM  
Anonymous Anonymous said...

I don't know how PK would answer your question, but in my opinion it is a foregone conclusion that additional capital will be required. A few words to ITKG management - Good luck finding debt financing and be careful with equity issuance. Hopefully management keeps in mind that what few shareholders do remain (and there aren't many of us left at this point) are sustaining the viability of this company. Most of you know this, but some may not, the performance of ITKG shares directly impacts the terms of any future financing.

October 28, 2008 5:11 PM  
Anonymous Anonymous said...

Just an observation.....

"what few shareholders do remain are sustaining the viability of this company."

How do they do that, and why do they do that? Isn`t a companies 'viability' their own responsibility.....to their shareholders?

November 01, 2008 7:50 PM  
Blogger PK... said...

Anonymous --

The company's viability is its responsibility, and as a result, it has a shared responsibility to its workers, those it holds contracts with, and its shareholders.

I had written an article in the past weeks, but it was overcome by events related to the current market crisis. In other words, while I was and am relatively confident all will work out, I also realize that there will be some tightening of belts associated to prospective product purchasers and their willingness to move forward, or their need to seek cover in the current market place.

Indications are that a number of those in discussions with JARCO are eager to stake their innovation claim despite the market. The reason I am not broadcasting this to the world is because of the premise of this article "Integral's Commo Policy".

How would it look for me to lean forward, releasing insight on corporate next moves when they are sitting back with a tighter fist on information than an Albanian Milk-maiden?

Look, while I will speak on leading indications and rumored possibilities, I will not cheerfully cheerlead for Integral without anything in the way of substance to offer.

To that end, I have intentions to reach out to JARCO in the coming weeks to see what they can offer. Why am I going this route? Well, trust and the fact that at this point in time, senses are that they have a firm finger on the pulse of events taking place, whereas, as most have noted over the past year--due to the dropping price per share (pps), and lack of any real leadership, or direction--Integral CEO, Bill Robinson has been on a vacation of sorts.

Not that the past few years have been too much of a strain on Integral’s leadership, but while Mr. Robinson might want to see this project through to the end, my thinking is that maybe now is the time for him to do as he once was quoted, and step aside, installing his once promised, and definitely more responsive "Board of Directors".

If Integral Technologies ever wants to hold a shareholder’s meeting, I suggest that this be one of the issues put to a vote…

PK sends...

November 02, 2008 11:06 AM  
Anonymous Anonymous said...

'...but while Mr. Robinson might want to see this project through to the end, my thinking is that maybe now is the time for him to do as he once was quoted, and step aside, installing his once promised, and definitely more responsive "Board of Directors"."

I don't know why you think this continues to be likely. It seems to me very unlikely for two reasons 1) as the sole BOD members, the Bill's have exclusive control over their compensation. This includes the ability to award themselves bonuses as they've consistently done in the past. From their own self serving positions, which is they way they view this whole enterprise, why would they ever give that up until absolutely forced to do so? 2) as the sole BOD members, they're protected from criticism because they can simply ignore it. Shareholders that don't like their inept performance don't have a forum. Establishing a BOD, gives up that protection and gives shareholders a voice. Again, they're not going to subject themselves to criticism until it's forced on them. Bill's lack of action on the matter speaks much louder than any words he may have uttered. Just because Bill said something doesn't mean he was sincere about it, he could have just been trying to appease unhappy shareholders.

"I will not cheerfully cheerlead for Integral without anything in the way of substance to offer."

I would say that is precisely what you did with your June 2nd, "Of Rumors and Whispers" article. If stating things like the following isn't cheerfully cheerleading, I don't know what is...

"rumors are rampant in Integral shareholder circles as well as in the ElectriPlast Blog readership, all of which counts for hundreds of shareholders and/or interested parties around the world. Here is what they are buzzing about:

-- Many business relationships, not all at the deal stage, are very close to fruition.

-- Some of these “near” deals are MAJOR in scope. How major? JARCO can crank out 50,000 pounds of ElectriPlast per month, but scuttlebutt claims capacity can be increased by several factors--and this may well be needed to meet all of the rumored demands.

In fact, as I listen to the rumors and whispers coming in to the ElectriPlast Blog desk, I am convinced that we are much closer to commercialization than ever.

By the way, 5 months have now passed since you posted these rumors & whispers that indicated that these "MAJOR" deals were "near" & "very close to fruition". Five months of nothing, nada, zilch. How is it that your sources are so consistently wrong?

November 03, 2008 5:26 AM  
Anonymous Anonymous said...

pk... said...

"The company's viability is its responsibility, and as a result, it has a shared responsibility to its workers, those it holds contracts with, and its shareholders."

Shouldn`t that last part read; TO those it holds contracts with, and TO it`s shareholders?

I`d say, those it holds contracts with are responsible for their own viability, not Integrals. And same goes for Integral`s shareholders.

November 03, 2008 6:46 PM  
Anonymous Anonymous said...

No offense to either one of you, but I believe you are referring to management's fiduciary responsibility to its shareholders, rather than it's viability, aka ability to continue as a going concern. At times it may seem that these two things are contradictory. However, management can not fulfill its fiduciary duty if it does not have the required capital to continue as a going concern.

Based on recent company filings the company is relatively low on capital and with no apparent revenues in the near future it seems to be a no brainer that the company is in need of cash. Where will it come from is the question. As PK mentioned, recent events may have thrown a wrench in the works. Hopefully management can come through, despite market conditions. We've all waited this long, what's a few more weeks, months, years…..
Maybe management would care to answer that one???

November 03, 2008 10:09 PM  
Anonymous Anonymous said...

Now lets see, fiduciary responsibility begins with management being honest with it`s shareholders about the viability of the company and it`s product. After six years without a single purchase contract, one has to wonder if Integral`s management is doing that.

All the well meaning shareholders and all the capital in the world will not change that if it doesn`t already exist.

Let`s get the horse in front of the cart where it belongs. Show me that the company/product truely is viable......before you ask me to support a need for additional capital to continue. That....is their fiduciary responsibility!

But on the other hand, those same well meaning shareholder have been letting them get away with it for six years, why should they change now?

November 04, 2008 11:48 PM  
Anonymous Anonymous said...

I agree 1,000%

November 05, 2008 5:45 PM  
Anonymous Anonymous said...

well, that A hole Tobin has finally completed his pump and dump scam on ITKG with his latest release. People actually pay for his reports....hundreds of dollars
Thanks for the ride you pos.

November 06, 2008 7:44 PM  
Anonymous Anonymous said...

PK - When are you going to admit defeat?

ITKG has offered:

No cash
No contracts
No news releases
No tech data
Key Staff leaving

Do you really think good news is still coming?

November 11, 2008 10:06 PM  
Anonymous Anonymous said...

At a minimum, good news hasn't come, if it comes at all, as quickly as PK alluded to in his "Are we REALLY closer to Commercialization?" posting.

November 12, 2008 2:25 AM  
Anonymous Anonymous said...

anonymous, you said:

"PK - When are you going to admit defeat?

ITKG has offered:

No cash
No contracts
No news releases
No tech data
Key Staff leaving

Do you really think good news is still coming?"


======================


There is something obscenely sinister, subversive and suspect about your post. What's the matter -- isn't raging bull enough of a forum for your negative rants?

PK stated his current take on the situation in an earlier comment. Re-read it and you'll find your answer.


I haven't heard the fat lady sing and it ain't over til it's over:

people are still buying and selling the stock; patents are still being approved; there is still cash on hand; clients are still visiting Jasper; contacts are still being made.

Back to RB with you and the rest of your minions.

Personally I'd like to see PK select the option of approving each post before it's listed to his blog, but that's not the path he's taken. He's too much of a stand up guy for that I suppose.

November 12, 2008 2:58 AM  
Anonymous Anonymous said...

"people are still buying and selling the stock"

This is true, but what does this tell us? There will always be speculators in the public markets, which at this point is all that we can do since we haven't heard any news from management in a VERY LONG time (typically not a good sign). Not one word as to successes or failures. As such we are left to speculate. Maybe that is all management can do at this point. Unfortunately, investors don't like to be left in the dark; hence, the current decrease in shareholder value is most likely to continue...

November 13, 2008 9:24 PM  

Post a Comment

<< Home