ElectriPlast: Another Step on the Road to Success
A New
Piece
in the
Puzzle...
Plastics News Report
September 6, 2011
Firm using conductive plastic in next-generation antenna
BELLINGHAM, WASH. (Sept. 6, 1:10 p.m. ET) -- A new Integral Technologies Inc. subsidiary disclosed that Think Wireless Inc. is using ElectriPlast conductive plastics in next-generation antenna components.
Think of Coconut Creek, Fla., is using the components in Sirius XM Radio Inc. satellite radio receivers, the subsidiary ElectiPlast Corp. reported Sept. 6. Paul Mackenzie, ElectriPlast director of global sales, said Think Wireless selected ElectriPlast as its sole supplier of conductive resins.
Months of testing and trials preceded the Think Wireless decision, said Argy Petros, founder and chief technology officer of the wireless-device specialist.
In August, Integral formed the Philadelphia-based subsidiary to commercialize, sell and market ElectriPlast conductive plastics and appointed Herbert Reedman Jr. as the unit’s president and CEO. On April 15, Integral had retained the former automotive retail executive as a consultant and named him as an Integral corporate director.
With more than 80 blends in its line, ElectriPlast advocates are pursuing dozens of potential users. EP-CF/66, a polyamide-and-nickel-plated carbon fiber composite, is a recent addition to the company’s product line.
Proceeding from prototype to commercialization, however, can prove arduous.
Among its prospects, Integral began working with LG Chem Ltd., a producer of lithium ion batteries, in June 2010 and thought it saw a bright light in an LG Chem exhibit at the April 12-14 world congress of SAE International in Detroit.
Integral distributed an April 24 technology update including a photograph and said: “Pictured above is a component from an LG Chem battery pack to be used in an upcoming European vehicle. The gray cover on the end is made with ElectriPlast.”
The exhibit included a cutaway mockup of liquid- and air-cooled battery modules that would be integrated into a battery pack for plug-in or battery electric vehicle, said Damian Gardley, director of sales for a LG Chem Power Inc. research-and-development site in Troy, Mich.
“We have tested parts using ElectriPlast along with other resins,” Gardley said. LG Chem Ltd. is a subsidiary of the Seoul-based conglomerate LG Corp.
Integral says a compounded ElectriPlast formulation of resin-based materials is conductively loaded, or doped, with a balanced concentration of micron conductive materials and then pelletized. Non-corrosive ElectriPlast can be molded into any shape associated with plastics and rubbers and, Integral says, is as electrically conductive as if it were metal.
ElectriPlast was designed into an unidentified device for a military application through a systems supplier that became an Integral licensee in May 2010.
Integral established a relationship with custom molder and extruder Jasper Rubber Products Inc. of Jasper, Ind., initially in 2006. The arrangement includes patent license and manufacturing agreements. The Jasper plant can produce more than 50,000 pounds of ElectriPlast pellets per month.
During 2006-2007, Integral signed patent license agreements with heating element and light-emitting-diode supplier Heatron Inc. of Leavenworth, Kansas; automotive components manufacturer ADAC Plastics Inc. of Grand Rapids, Mich.; protective-systems supplier Esprit Solutions Ltd. of Liverpool, England; and electromagnetic-field-protected molded components maker Knowles Electronics LLC of Itasca, Ill. As of June 30, Integral had not received revenues from any of the agreements.
Integral retained James Eagan of Potomac Falls, Va., as a corporate director and consultant Dec. 1. Eagan co-founded telecommunications satellite service provider Orbcomm LLC in 2001 and advises Orbcomm on its Asia Pacific licensees.
Publicly traded development-stage Integral Technologies is based in Bellingham, Wash.
Contact: Doug Bathauer 812-455-5767
###
Read the full story at: http://www.plasticsnews.com/headlines2.html?id=23038
posted by PK... | 9/06/2011 11:37:00 PM
64 Comments:
Anyone have an idea of why this PO did not move the stock today?
Wonderful! An announcement that we are "back to the future" selling into antennas. Plastenna anyone? Haven't the EP people noticed that everyone's mobile phone and GPS antennas work just fine? EP is solution looking for a problem in this application. How many times do they have to learn this?
Or don't they care? Is this just about churning old news and past announcements to generate the illusion of "progress" to somehow generate more funding to pay salaries.
Round and round we go...
Anyone ever notice that the IPhone has had major antenna/reception problems over the past few years?
Thanks PK for the perspective on this product down through the years. Although the Think Wireless might yield a few pounds of sales, its doubtful. Especially when considering the long line of past failures:
Jasper - this well established and respected molder, extruder and licensee has not been able to generate any sales in 5 years.
LG Chem Power - although we've seen a picture of a battery cover, all this company will say is "We have tested parts using Electriplast along with other resins". Apparently, the other
resins were preferable to EP.
Heatron, ADAC, Esprit, Knowles - These licensees have been looking at EP for 4-5 years but Integral has "not received any revenues from the agreements".
Its hard to hear but your summary of this Integral's history underscores that there is little
reason to believe that this company will survive. Thank you for being candid.
The previous poster keeps posting the same "Old News" over and over and over.. Everyone concedes that nothing came to fruition during the past 5 years sales-wise. Agreed and Undisputed...
Now there is a new sheriff in town and the product can now be consistently made batch after batch and Mo has engineered many of the most popular resin formulations that industry uses.
Standardized industry testing has been done on many of the most popular formulations and "White Sheets" are available on the website. UL Labs has also approved the shielding application.
The new company has a new leader who has a clear sales direction which is shielding and antennas. There are now professional sales people in place working only EP.
It is a new era so it might be prudent to look forward instead of always looking behind.
Might want to look at the history of a company named Apple that was written off as "Dead" after failure upon failure. They reorganized, brought in a new (their old) CEO, reformulated, reworked, and hatched a new game plan. Is anyone looking back at those lean years in the 90's?? Don't think so...
Its always fascinating that the most positive stories about this company don't come from the company itself, but from the loyal investors. And they never seem to hang together.
For example, if Integral solved the "fatal flaw" of inconsistency, why don't they shout it from the mountaintops? (After all, this "leader in conductive resins" has never been too modest.)
And the industry has had access to the wonderful EP "white sheets" and product data (under NDA) for 2 year. But nobody seems to be able to muster the courage to buy. Anything. Not even a pallet.
And the "professional sales force" assembled by car salesman? Are we so naiive to think that the skills required to sell an automobile will suffice to sell a thermoplastic resin to material scientists and engineers? But wait! We've had Mo working on selling EP for years. No dice. Now some car salesmen are the company's salvation?
I do get a chuckle out of the comparison to Apple, though. Herbie Reedman as the next Steve
Jobs...
The detractors keep dredging up the past failures and the promoters keep saying "this time its different".
A question for fellow ITKG investors. Clearly the company has had to obtain additional financing in the past, and my understanding is they are currently seeking additional funds at the moment. My question is this, given the poor operating history, (i.e. zero or minimal revenue), how is the company able to convince someone to invest? Given the economic times we are in wouldn't an investor be extremely careful with his/her money, even if it is being allocated to high risk assets? It's hard for me to believe that someone with the same information as you and me is willing to invest millions into this company. Are they being told something different from what the common investor is being told....
Good questions. But definite answers appear not to be available. So we are (as ususal) left to surmise and speculate based on the few facts we have.
The combination of ITKG being broke and their forming a subsidiary is very concerning. It leads one to believe that somehow ITKG is divesting, diluting or transferring assets in an effort to gain additional funding (now or in the future). There is no other reason to form a wholly owned subsidiary. What does a subsidiary allow them to do now that they couldn't do within ITKG?
And if ITKG is divesting, diluting or transferring assets, that cannot be good for the stock's NAV (net ASSET value). This company is in crisis and might not be long for this world.
Company is not in crises so simmer down. No need to ring the fire alarm...
All small companies need money to market and launch their products. ITKG is not just launching one product to one industry on a local or national level. This is a world-wide roll-out of many different products for many different industries.
Forming a sub corp is a brilliant move for the future. Look around at every multinational corp and you will notice that each has many sub corps or divisions that operate as whole entities within the master corp.
Having an EP corp allows for a clean sale in the future should Plastics Company X want to buy EP Corp. Let's say Plastics Company X wants to buy EP Corp for 1 billion dollars. Ep Corp could be sold for 1 billion with the proceeds going to the parent company ITKG.
EP Corp is only the sales and design/engineering division of ITKG. ITKG still owns all of the valuable patents and IP. So even though EP Corp is sold for a billion, ITKG still retains ownership of the patents and continues to receive royalties from all of the companies and products licensing EP.
In the future ITKG could then sell some or all of their patents for say another billion or more. In the mean time once hundreds of products and tons of plastic begin to sell, ITKG will collect millions in royalties.
In the future ITKG could have a Wire Corp division and an Antenna Corp division, etc. Lots of sub corps operating financially on their own as divisions of ITKG.
Our difference is: You see a cloudy day ahead. I see a bright sunny future.
PS: Before you bring up the past 5 years of no contracts or sales; I agree totally that there were no contracts or sales. I also agree that we had terrible management who lacked focus and the ability to launch a new technology. I am happy that new management and leadership is now running the new EP Corp division. In my mind, another big plus for having this sub corp.
I don`t care how you slice it or dice it. How many cutesy names you put on it. Or how many patents you write controlling it`s application.
It`s a polymer based product impregnated with tiny bits of metal. That hasn`t changed in almost 10 years. It was claimed to be disruptive technology then and it still is now.
Integral has three products. Pellets, patents, and shares.
The pellets have not found a market in ten years.
The patents have not found a market in 10 years.
The shares, while having found a market, have been going sideways basically for a long time and barely fluctuate from recent press release announcements.
They are being given away at highly discounted prices to pay for legal, sales, and consulting services. And to acquire working capital for day to day expenses.
"Valuable patents and IP"??? Without a market how can they have any measureable value?
"EP Corp is sold for a billion"???
Give me a break. Where did that valuation come from? You`re living in a dream world with no foundation in fact. A dream world of your own creation.
Didn't say anything was sold for a billion. You continue to twist words around to suit your agenda.
You did say: "There is no other reason to form a wholly owned subsidiary. What does a subsidiary allow them to do now that they couldn't do within ITKG?"
I gave you some reasons as to why companies, from GE to Google to Exxon, have sub corps within the parent company. I very clearly answered your question. I obviously have to repeat the (Example) for you.
Having an EP corp allows for a clean sale in the future should Plastics Company X want to buy EP Corp. Let's say Plastics Company X wants to buy EP Corp for 1 billion dollars. Ep Corp could be sold for 1 billion with the proceeds going to the parent company ITKG. (This is just an example of a possible scenario) I am not saying EP Corp is being sold for a billion dollars nor am I saying it is worth a billion dollars. Again, just an example as to why businesses form divisions/sub corps.
Once again you bring up the no sales of pellets for 10 years. That was already stipulated and agreed on in my last writing. So once again; There have been no measurable sales of EP or measurable income during the last 10 years. Agreed!
Let us see what the future may or may not bring as management continues (Once again I agree and stipulate) to raise money by selling stock at highly discounted prices in order to pay for legal, sales, and consulting services. And to acquire working capital for day to day expenses.
So can you move on to some new points other then the agreed upon "There has been no commercial market for EP, Plastenna, or their patents in over 10 years."
I am also new to this stock (5 months) and have no allegiance to anybody or any side. Certainly not here to persuade anybody about anything. Facts are facts and everything else is just speculation..
One of us is speaking to the wrong anonymous. My post, just prior to yours, was about the comments made in the post just prior to mine.
The post prior to mine speculated on selling EP Corp for a BILLION $$$$`s and retaining the patents and IP that could be sold at a later date for another BILLION....after having already collected millions in royalties.
Where I come from, that`s called getting your cart in front of your horse. In this case the cart is so far in front of the horse, it`s beyond the horizon. Millions? Billions? A cow jumping over the moon would seem within reason just as easily.
You are wrong again and twisting the words I wrote. I never said (Quoting from you) "The post prior to mine speculated on selling EP Corp for a BILLION $$$$`s and retaining the patents and IP that could be sold at a later date for another BILLION....after having already collected millions in royalties."
Please read my post again. It was in answer to your post that said, (Quoting from you) "The combination of ITKG being broke and their forming a subsidiary is very concerning. It leads one to believe that somehow ITKG is divesting, diluting or transferring assets in an effort to gain additional funding (now or in the future). There is no other reason to form a wholly owned subsidiary. What does a subsidiary allow them to do now that they couldn't do within ITKG?"
Now read what I wrote as to why Integral formed EP corp as a sub corp to Integral. I gave you the answer along with a hypothetical scenario so that you would understand. Here we go for the 3rd time.. (Quoting from my original answer above), "Forming a sub corp is a brilliant move for the future. Look around at every multinational corp and you will notice that each has many sub corps or divisions that operate as whole entities within the master corp.
Having an EP corp allows for a clean sale in the future should Plastics Company X want to buy EP Corp. Let's say Plastics Company X wants to buy EP Corp for 1 billion dollars. Ep Corp could be sold for 1 billion with the proceeds going to the parent company ITKG.
EP Corp is only the sales and design/engineering division of ITKG. ITKG still owns all of the valuable patents and IP. So even though EP Corp is sold for a billion, ITKG still retains ownership of the patents and continues to receive royalties from all of the companies and products licensing EP.
In the future ITKG could then sell some or all of their patents for say another billion or more. In the mean time once hundreds of products and tons of plastic begin to sell, ITKG will collect millions in royalties."
Come on man, this is not brain surgery and my (hypothetical scenario) above is very easy to understand. And please, once again, I am not saying that EP Corp is valued at 1 billon dollars nor am I saying the patents are also worth 1 billion dollars. I am clearly saying that "In the future", by having EP Corp as a separate corp/division of the master corp, Integral Technologies, Inc, it is accounting-wise and business-wise a cleaner way to sell that part of the company should someone want to buy them. If (hypothetical) someone bought EP Corp, the patents would still be owned and held by Integral Technologies, the master corp. And (Hypothetical) those patents could be sold at a later time. In the mean time, Integral Technologies, the holder of the patents, would be collecting royalties on any sales of products and or plastic that their patents directly control.
I believe that this scenario is fairly easy to understand and it totally addresses your original question (Your quote once again) "The combination of ITKG being broke and their forming a subsidiary is very concerning. It leads one to believe that somehow ITKG is divesting, diluting or transferring assets in an effort to gain additional funding (now or in the future). There is no other reason to form a wholly owned subsidiary. What does a subsidiary allow them to do now that they couldn't do within ITKG?"
In the last couple of weeks, we have had confirmation of 3 seperate companies involved in the use of Electriplast, Think Wireless, Sirius and LG Chem. For years now, there has been doubt cast on Electriplast because the lack of names of companies associated with it and now we are beginning to get the 3rd party confirmation. EP is exclusive supplier to Think Wireless, EP will be in a Sirius device, and we saw the LG prototype and LG confirmed they have tested EP. I realize they didn't confirm the use of EP, but they did confirm the testing of it. It sure looks to me like things have progressed tremendously this summer.
First, you accuse me of twisting your words yet you blame me for a post that I didn`t even write.
Second, I called your "hypothetical scenario" speculation. Isn`t that what a hypothetical scenario is....speculation? I did take issue with the valuations you offered in your scenario. It`s ludicrous, in my opinion, to attach those kind of numbers to a company and a product that is 10 years old and hasn`t found a single customer. What has changed? Hiring a couple of car salesmen to rearrange the deck chairs on the Titanic doesn`t get it. Brilliant? Don`t you think it`s a little early for "brilliant". You`re living in a dream world of your own creation in my opinion.
That`s not third party confirmation, that`s name dropping. Show me the contract.
More thoughts on hypothetical valuations. Jasper is the sole manufacturer of Electriplast. They have a legal contract with Integral that spells out the relationship. I have seen no such contract with EP Corp. That places Integral squarely in between any deal EP Corp may make and their ability to produce any product. Who would buy into that "reality"....at any price. What would they be buying? A couple of salesmen?
Also, hypothetically, what would a customer that signed a contract with EP Corp do if part way through the contract Integral decided to change the pricing or delivery schedules? That`s not brilliant...that`s a nightmare.
Show me the contract between Integral and EP Corp. Show me a contract between EP corp and Jasper.
Name dropping? A quote from another company is 3rd party endorsement. The last press release was a contract.
We now have the names of potential customers - that is referred to as "tremendous progress".
What passes for progress in this company is indicative of the hopelessness of the whole endeavour.
Soon, just surviving another day will be touted as "progress".
I thought we were talking about a third party confirmation, not a third party endorsement. The company web page is full of endorsements. A dime a dozen....some as old as 4-5 years. Not a single one has led to a contract. And "has purchased" is not a contract....it`s a sale.
Mr Billion$ just confirmed what the earlier poster said: a subsidiary is often a mechanism to carve out and transfer assets through sale or divestiture.
His mistaken assumption is that the proceeds benefit the parent corporation and flow to the stock holders. In the case of ITKG, we can almost be certain that such proceeds will be neatly funnelled to the principals of the company and its insiders - just as most proceeds have in the past.
In that way, he is also correct that creating the subsidiary is "brilliant" - its yet one more way to line the pockets of management.
This is obviously a burr under many an investors' saddles. It would be great if the company would SUCCINCTLY address the concerns many have given voice to here.
I'm just curious who all of you are that actually take the time to come to a blog only to articulately complain about how terrible this company is that YOU invested in. Why not just sell your shares and save yourselves and all the rest of us your concrete definitive highly logical reasons why Integral is going to fail miserably. Or maybe you're just trying to warn all of us crazy people from making a terrible mistake. And for that i thank you. I appreciate your care and consideration.
Now that is a brilliant idea from the poster directly above... If things have gone nowhere for 10+ years and will be going nowhere in the future and there are no orders or contracts, etc.,,,,, Why not just take your 50 cents a share and move on?? Are you indeed trying to protect all of us dumb sheep from throwing our money away??
Yes! Please stop rubbing our noses in it. We feel plenty stupid for having invested in this company.
What we need is to generate some interest in this stock to bid the price up and give us all an exit point.
Its always good to know the competition.
http://www.aschulman.com/Americas/Engineered-Plastics/Innovations-Applied/107/SCHULATEC_TinCo_The_Electrically_Conductive_Compound.aspx
Its more conductive than Electriplast:
http://catalog.ides.com/datasheet.aspx?I=70001&USR=2%7C3%7C0&FMT=PDF&E=130944
And they have SALES to customers with names (Hella Lighting):
http://www.aschulman.com/Global/All/SiteContent/28/2010_SPE_Award.aspx
These folks aren't the "leader in conductive plastics" like Integral. But they seem to be doing pretty well.
How much longer can Integral last?
Yep you are right... The money is not going to last long and other companies are already actually selling conductive plastic. And as you say, more conductive then EP.
Please everybody get out of ITKG. Just sell all of your shares quickly. We are all finished here..
Everything the poster above says is true, true, true... Please call your brokers or go online and sell everything you have.. Please do it now!!
Nice try
Good advice. Apparently the market is reacting to this news: ITKG is down over 8% today.
Get out while there's something left.
Everybody is lofting their shares!! Thanks so much "Soon To Stray" for your sage advice.. You are a wise man and I think we all appreciate you saving us from our own terrible investment decisions.. Thank You SO MUCH!
oh my god! I am selling everything! Right NOW!!!!!What a total disaster! I have been so misled by this company and was so completely stupid to not figure it out! Thank you so much for helping me to open my eyes! My only regret is that it has taken me so long, even though you have been posting the same warnings over and over and over again for the last 6 years! What an idiot I am! My utmost and abject thanks go to you, insightful and persistent-to-the-point-of-obsessive anonymous poster.
I too have come to realize that I have been a fool and first thing Monday (tomorrow) I am selling my 30K shares. I too should have listened to all of the smart advice and warnings that were and are repeatedly given by the poster(s) that have been drumming this in to everyone's brain for the last 5,6,7 years. Thank you so much for warning us all and I only wish I had listened sooner..
Please everybody sell and don't look back!!
Excellent advice. I sold most of my shares at $0.75 some time back. I now wish I had sold it all. Looks like we'll never see that price again.
Oh, well. These types of ventures are huge long shots. Most fail. Looks like this one will too.
So what was the extent of your DD that caused you to purchase shares in this company? Their track record has not deviated for 10 years. Did you even do any DD of your own, or did you just buy into someone elses?
What were your expectations? That the company really had a 10 year old breakthrough technology, or that there were enough pumpers working the message boards to inflate the PPS so you could cash in on a hansome profit? Who did you expect would pay for that hansome profit? Some other sucker?
Sorry, I have never offered buy or sell advice. Caveat emptor--Let the buyer beware.
So take responsibility for your own investment decision....however it works out. If the pumpers failed you, if the company failed you....take it up with them....not me.
Soontostray
Yikes! Mentioning the competition sure does hit a nerve around here! But it is telling that no one can offer an explanation why the mythical Electriplast is superior to all other conductive plastic offerings.
It brings to light one more risk element: EP isn't the only game in town. While we endlessly argue whether EP is relevant, we don't like to admit that it is not unique. Even before Integral has any sales they have in-kind competition to overcome.
And the competition has been around for years and hasn't seemed to take off. Why is that? And why should anyone believe that EP is better than the in-kind alternatives?
All conductive plastic offerings are secondary to the most widely used conductive material....metal. While conductive plastics may offer some advantages in some applications, their use is not exactly widespread. In all major markets metal still dominates. That`s not bashing, that`s reality.
Hello,
I bought ITKG stock a couple years back and am new to this blog. I see there is a lot of resentment and anger here. Question: if Think Wireless has purchased EP product, why is ITKG still reporting no revenue? At what point does ITKG get money from TW for the use of their product?
Thanks
GP
The Think Wireless sale was completed after the last reporting period so it will appear in the next quarterly. I too wondered and called Integral. The sale happened approx. 8 weeks after the close of last quarter.
The resentment and anger are consistent with the protests on Wall Street. People are fed up with sham companies that disguise themselves as something they are not - like "high risk entrepreneurial ventures". People are fed up with years of broken promises and a complete lack of tangible results while executives pay themselves and their consultants millions. They are beginning to understand that this type of shell game erodes the economy, destroys capital and does nothing to create jobs or improve our GDP.
Asking people to knowingly take a risk is one thing - deception is quite another.
Thanks to both of you for the replies. Do many people think that Integral is a "Sham Company"?
If in fact Integral did somehow screw-over all of its stock-holders with the creation of EP as a separate entity, wouldn't there be legal repercussions for Integral's executives as this would be clearly illegal? Thanks.
Is anyone else a buyer at this point? How about you PK, are you a buyer? You sure have been quiet lately......
After so many years of attempting to sell in so many markets, the chances today of any meaningful sales are infinitesimal. Is that a "sham"? I don't know, but the odds of any return to investors is extremely long. The product needs to be re-engineered for any chance of success. This isn't a marketing/sales problem.
The creation of the EP entity hasn't "screwed over" the investors...yet. There is nothing ITKG can do in the EP entity that they can't do already, so its creation is very suspect. Nothing illegal - but another shoe has yet to drop.
Considering the financials outlined in the last 10K, I would expect that ITKG will sell its patents to the EP entity. The EP entity can then be sold (spun off) to Reedman. The proceeds of both transactions will then be used to satisfy some of ITKG's debt and obligations and ITKG will pretty much expire. Then the shareholders will be "screwed over" as you so aptly put it.
I can't see any other reason for the creation of the EP entity.
I have my doubts that this is a sales/marketing problem also. That said, are we to believe Reedman isn`t smart enough to have already figured that out? Doug Mathias seems to have figured it out. Mo seems to have figured it out. Neither one of them are making any offers.
I`m guessing whatever the actual plan is, it is far more convoluted than we have guessed. Next months 10Q may have some answers.
RL
Agreed. A complex game may be played. But we know this:
- ITKG is going under financially and can't raise more cash.
- ITKG's only asset is their patent estate.
- Reedman's got money and interest.
- A wholly owned sub has been formed.
You add that up and you get spin-off.
As to Mo and Mathias, its hard to say what their relation is to the new EP entity.
- ITKG's only asset is their patent estate.
A 5 to 10 year old data base that contains 53 patents. Not a single one of which has made it to the marketplace.
Application patents for a replacement material for another(metal)that already exists in in markets worldwide.
Patents for manufactured products (B2B) whose costs can easily be (and have been) passed on to the consumer as long as the applications have existed.
I give Harry Reedman credit for being smart enough to know these things. His interest is making money. Whether Electriplast supports that interest remains to be seen. He is, first, last, and always, only a salesman.
Hey, she said the patents are ITKG's only asset. She didn't say what they might be worth. But I'd guess they aren't worth anywhere near the market cap of this company.
As to what Herbie knows and doesn't know: lots of folks get duped by shiny, new technology. Show them some sexy tech and they get visions of Bill Gates' money. They skip the due diligence because they can't understand the science.
Like a fishing lure?
They have sure caught some lunkers, haven't they? They probably laugh all the way to the bank driving their BMWs to deposit their handsome salaries.
I just can't seem to get my buy orders filled these days. Hard to figure out why with the depressed share price. Yes, I do use limit orders below current market prices, but when compared to the daily low my limit price is generally higher. What gives....
Be patient. You will get all the shares you want at $0.35. And if you're even more patient, you'll be able to mop up shares at $0.25. or maybe even less.
There's millions of options out there at $0.25. They will be cashing out soon.
Anyone hear anymore about the Think Wireless thing? They were all huffed up about it a couple of months ago but since then...nothing.
Checking the Think Wireless website there's no mention of how EP is going to revolutionize their product line. In fact, there's no mention of it all.
Probably just one more deal like the hearing aids, batteries, wires, heated toilet seats and on and on. When are they going to get the message and quit? Soooon?
OK PK!!! Time to crank up the pump again!
Contract with Lear for parts for Fiskers. Another "small step" - very small, actually (how many Fiskers do you think will sell at $100k+?)
Your thoughts on why the stock price drops on this news will be appreciated. Could it be that the principals are exercising some of those hard-earned options?
PK, I have to agree with the prior poster. A little insight would be helpful here. I can not reconcile the last two PR's with the share price. There's no mistake about it, we clearly have market acceptance of EP (a huge step forward). I could care less what the negative posters think with regard to this company, and for whatever reason they will have a negative response to this post. The fact is based on the news coming out, the outlook for ITKG is strong. So what is the answer? Do we simply need to wait for the next filing that shows revenue (not sure I want to wait another 8 years)? Is ITKG getting a raw deal on the contracts and I'm the only one who doesn't know it? Without clarification, a long-time shareholder has little else to think about the situation.
to the previous poster - I would give it a week or so to see how the press release affects the stock price. I also would like to see the price go up immediately (and have waited patiently for years), but i don't think it's going to happen in one day. That being said, you bring up a great point for all of us patient (or naive? stupid?) investors - even with good press releases like the last two, where are the meat and potatoes? How much is being shippped? How much is being purchased? Is this producing revenue for Integral/Electriplast?
We've been here before...many times before. Lots of excitement, a little name dropping and then...nothing ever happens. The market knows the track record and its going to take a lot more than a PR to move the stock much.
A poster on another board correctly recalled the hype related to a "luxury European car producer" (Volvo?) of a year. What has that brought us? Nothing.
There's a huge credibility hurdle to overcome here.
I think the 'credibility hurdle' can be jumped with tangible product being purchased and transferred. (and i still hope that is in the near future. i hope.) Not a handout for testing, but real bulk shipments. If there was any real noteworthy shipments of a large amount of electriplast, wouldn't that have been plastered all over a press release? They talk up everything else in the press releases, surely they wouldn't have missed a minor detail like 20,000 lb of electriplast pellets.
How many pounds would they have to sell to be profitable? Everyone's getting all frothed up over the latest in a long line of supposed applications. But how much would have to be sold to just cover costs? Would selling out their capacity allow them to break even?
I know, its mundane stuff to starry eyed technoinvestors; but its what makes the world go around (and stock prices rise and fall).
What is the profit margin? There can be many different profit margins. One for pellets only. One for Jasper molded components made from Electriplast. And another for royalties for patents. Aren`t royalties usually based on per unit production?
It`s going to take 3/4`s of a million $$$ just to pay off those lawyers lined up in accounts payable, and the company seems to be spending about $3 Million a year.....without even selling any product.
A sale here and a sale there is not going to do it. It`s going to take a contract(s) with a high volume customer(s), I would think.
Lots of questions....very few answers.
It will probably all be moot anyway. Recall that ITKG has not made this Lear sale - the EP Corp has. And who is to say that any of the benefits/profits of the EP Corp will flow back to ITKG? Maybe just enough cash will flow back to ITKG to keep the lights on and the majority of the profits (if there are any) stay with Herbie and EP Corp. (Remember White Knight Herbie? He's not in this for nothing.)
This smells more like a spin-off everyday.
I remember when the no-no boys expounded on how we were all being duped because electriplast was a phony substance, with falsified test results and no possible applications. It is wonderful to now see this morph into a grand conspiracy theory about the evil wizards at the heart of the company. This blog, at the very least, is good entertainment...
I ain`t buying the tail wagging the dog theory. Robinson didn`t just fall off the turnip truck. Poor desparate Bill. He ran out of money and had to sell his ATM machine that has served him so well for the last 10 years. Ha, ha. Give me a bleeping break.
Wholly owned only works one way. I`m betting that a year from now we`ll be saying...Herb who?
Could be. But I'm betting old Herbie ain't going to get fleeced either. In return for paying the Billz cushy comp packages (probably for years to come), he's going to get control and the lion's share of whatever profits might be generated. When these boyz get done slicing up the pie and paying the lawyers and consultants, how much do you suppose will be left to bolster the ITKG balance sheet and drive the stock up?
Hold on there.
The "no-no boys" haven't been proven wrong yet. All we have is just one more announcement in a long line of mis-fires. No sales. No cash flow. No profits. Just another promise that something good might happen "soon".
But you do have to wonder about this wholley owned subsidiary...what is going on there?
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