Member Info for AJP08

Looks like the Marketing Communications Director position has now been filled.

Only 4 positions now being advertised.

https://itaconix.bamboohr.com/careers

ATB

AJP

Hi all

I have been having a think about the presentation and there is a section on the Investor meet site to give further feedback.

What do we want/need from the presentation? Some of my thoughts below, can we add to this and put something forward as a plausible suggestion?

Do away with the company introduction, bit same, same? All this is available on the website, the presentation needs to match the professionalism shown there.

Presentation to take place 2 days after half/full year results, with questions to be submitted 24 hours prior to presentation giving plenty of time to review and compile a full considered answer?

Presentation to give highlights and lowlights of the period under review

A list of KPI’s to be given?

Production raw materials v Ingredients manufactured

Contracts won/lost

Approximate value of contracts won against potential future

R&D update on progress made

Website enquiries Total received number won/lost

Aspirations going forward, with clear path as to how this is going to be achieved

Staffing levels, in/out requirements

I am sure that there are many more than can be added, remembering that maybe not all can be implemented due to commercial confidences.

Thoughts

If we do not at least make them aware, then they will just churn out the same old unpolished performance?

ATB

AJP

Well, I think the drop in Share Price says it all.

We have just released an all singing all dancing website, think that we now need to look very seriously at the presentation and have this totally revamped too.

It has been said on many occasions that neither Jon nor Laura look very comfortable doing this, not everyone can pull off what is required here, maybe the new Marketing Director/Operations Director may be an option, but whatever road we go down this needs to improve, as any positives that were there to be passed on were totally lost today, not enough preparation done on pre-submitted questions for a start, no indication as to approximate values being ascribed to newly won contracts would be of benefit, Superabsorbents being touted as just around the corner a few months ago, but really where are we with this, is the lesser application not suitable for other products, eg cat litter (huge market)

We appear to be very busy, large quantities of raw material being purchased, production running 24 hours most of the time to give stockpiles of finished goods in both USA and Europe.

Will have to listen to it all again, as like many kind of switched off, just feel a bit frustrated about today, as there is a golden opportunity sitting here to be made the most of, to the benefit of all of us.

will continue to hold. Still think that there is huge potential here, but they need to start realising this.

Away to sit in a darkened room (lol)

ATB

AJP

Hi

This explains why there are a number of positions being advertised, never thought of retirement, In the main replacement positions being advertised, so very little if any addition to the wage bill, I would have thought?

Helen Cane retired as Vice President, Operations in April 2024. Her management duties were distributed across internal promotions and restructuring of responsibilities. Her experience and knowledge from a long and productive career managing large chemical operations contributed greatly to the advancement of the Company's operations over her three years at Itaconix.

William McClure retired as Communications Director in early September 2024. He significantly advanced awareness of the Company and Itaconix products through his social media marketing efforts and the development and launch of the Company's new website. The Company will add new and expanded staffing that will continue to grow the marketing capabilities that he initiated.

Digital Marketing Associate

Marketing Director

Operations Director

ATB

AJP

Hi Bod

I liked the milestone statement.

Improving gross profit margins, as the Company is diversifying its revenue base with new accounts and growth from existing accounts.

o Initial orders were received in the first six months for a new dish detergent application in Europe, a new sustainable leather account, and a new application in mineral processing.

o As previously disclosed, revenues and volume growth from these new accounts are expected to occur predominantly in H2 2024 and beyond.

o Post period end, Company signed new Performance Ingredients supply agreements with two European customers and one US customer, as of 1 September 2024, and expects at least two more agreements in the second half of 2024.

· Polymer research and process development on the Company's plant-based superabsorbents have succeeded in achieving absorption performance that approaches the incumbent acrylate superabsorbent polymers.

ATB

AJP

Thanks T

All very positive, promoting the new website which will become a major initiative going forward. John Really looking forward to a big second half to the year, looking forward to the presentation.

Guess that there was not much being said on the first two month of the second half as this RNS was a backward look at the first half and was as we kind of knew already, hopefully we will get a Trading update in October to demonstrate the advance made in the second half revenue.

ELSOL see there is a new research note out, do you have access to the content?

Seems a bit shortsighted of those that have sold this morning, but guess their loss is our gain.

ATB

AJP

Hi Smart

My final submission fro the presentation

1) There are a number of positions being advertised at the moment, of which the Laboratory Technician (now filled?), Chemical Production Operator and overnight Chemical Production Supervisor have been displayed for some months now, are these positions being actively sought to be filled or are we having difficulty in finding the right candidate?

2) As regards the Operations Director is this a new position or has Helen T Cane moved on? Just that her profile is no longer displayed on the website?

3) Congratulations on the of the new website, looks really professional, matching the aspirations of the company, with this in mind there appears to be no mention of any of the Superabsorbent or Leather applications, can you comment on this please?

4) I know you have cautioned against tracking raw material shipments previously, but there is a legal obligation for these shipments to be properly monitored, controlled and logged.

Currently there appears that another 60 Metric Tonnes have been received since the last trading update.

With the statement “Cash use reflected higher finished goods inventories,” from last trading update.

Does this mean that the overall picture has changed for this year and we are very much busier than anticipated, with a sizeable reduction in the finished goods inventories? Will this also be reflected in the raising of the revenue expectations for 2024?

5) Is it possible that we can have an Investor relations dedicated person and email address going forward, it is just that it would clear up the some of the repeated non-commercially sensitive issues at that point or the input recieved could form part of your presentations/Trading updates?

6) What will come first, expansion of the US facility or a brand new facility in Europe, as we continue to grow the business and move into profitability?

7) taconix was a project partner in a funded grant looking into

New Branched Polymers Excipients and Emulsions for Enhanced Drug Delivery

Project Partners:

Clinton Health Access Initiative CHAI Itaconix (UK) Limited Medicines Patent Pool

https://gow.epsrc.ukri.org/NGBOViewGrant.aspx?GrantRef=EP/R024804/1

Can you advise on this and if there are any potential future commercial advantages to this research?

ATB

AJP

Hi Smart

I will look to post something on what I have gleamed from the half year results/update and presentation, but I am sure that with this board having many excellent contributors that there will be plenty of opinions being expressed on the day as to how ITX are progressing.

Definitely looking for updates on superabsorbents and leather applications, as guess these will have to be officially launched prior to appearing as a product on our fabulous new professional website, exciting times ahead.

ATB

AJP

Hi C

Maybe a question for the presentation on Tuesday?

ATB

AJP

Hi all

Looks like this has just not long been updated.

https://itaconix.com

ATB

AJP

Hi

Some more nice big buys going through on Aquis. £15K worth

05 Sep 24 09:38 3,035 164.70 4,998.64

05 Sep 24 09:36 3,058 163.50 4,999.83

05 Sep 24 09:32 3,058 163.50 4,999.83

https://www.aquis.eu/companies/ITX.GB?securityidaqse=ITX.GB

Getting close to the presentation and FOMO. hopefully we will see the SP rise as the presentation gets closer and then accelerate upwards thereafter.

AIMHO

ATB

AJP

Hi Smart

Correct for 2022 & 2023

But currently at 220 Metric Tonnes for 2024 with 4 months remaining.

Which would suggest that we are going to be extremely busy for the rest of this year and beyond.

New contracts and a revision to year end forecast one would hope, roll on next Tuesday

ATB

AJP

Hi

Some buys going through on Aquis

https://www.aquis.eu/companies/ITX.GB?securityidaqse=ITX.GB

03 Sep 24 11:43 1,500 163.95 2,459.25

03 Sep 24 10:07 1,500 163.95 2,459.25

ATB

AJP

Just updated after Labour Day I guess

https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan.aspx

That is another 20 Metric Tonnes delivered making 220 Metric Tonnes this year WOW!!!

Roll on next Tuesday, must be something substantial based on this sort of level of raw materials being purchased.

1 16/06/2022 COHECTASE2035082 Itaconix 19800 20PKG

2 03/07/2022 KLSQTAOKW2204354 Itaconix 19800 20PKG

3 04/08/2022 EXDO62Y0220197 Itaconix 19800 20PKG

4 25/08/2022 EXDO62Y0220796 Itaconix 19800 20PKG

5 15/10/2022 KLSQTAOKW2208079 Itaconix 39600 40PKG

6 19/03/2023 TXSLQD2302Y376 Chemtan/Itaconix 19800 20PKG

7 19/03/2023 TXSLQD2302Y375 Chemtan/Itaconix 39600 40PKG

8 02/05/2023 UULNQD23030547 Chemtan 19800 20PKG

9 01/07/2023 TXSLQD2305Y361 Chemtan/Itaconix 59400 60PKG

10 09/02/2024 UULNQD23120454 Chemtan 39600 40PKG

11 15/02/2024 UULNQD24010550 Chemtan 39600 40PKG

12 20/02/2024 https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc.aspx Chemtan 39600 40PKG

13 25/03/2024 https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc.aspx Chemtan 39600 40PKG

14 11/08/2024 UULNQD24060452 Chemtan 19800 20PKG

15 23/08/2024 SFOKTAO24052580 Chemtan/Itaconix 19800 20PKG

16 22/08/2024 https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc.aspx Chemtan 19800 20PKG

ATB

AJP

Some more strange trades again, any explanation?

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

30-Aug-24 12:11:06 146.00 5,000 Unknown* 140.00 150.00 7,300 O

30-Aug-24 12:03:42 146.00 5,000 Unknown* 140.00 150.00 7,300 O

30-Aug-24 12:03:07 145.50 5,000 Unknown* 140.00 150.00 7,275 O

30-Aug-24 10:44:05 145.50 8,000 Unknown* 145.00 150.00 11.64k

ATB

AJP

Hi Smart

Think we need to move on from that transaction, it is gone now, The OTC like the AIM is a platform for both buying and selling, that is how we try and make a few pounds? Hope you are not trying to play games again?

As for the SP since the 20th, that has remained pretty flat, even with the net sells on the AIM platform, all of which the MM's appear to be very happy to scoop up and not move the SP by any significant amount, which kind of tells me all I need to know, these people do not lose money. Possibly a lot of investors keeping their powder dry once confirmation of what the rest of the year and beyond is going to bring (glass half full).

All the current indicators are pointing to a very good update, increased raw material purchases and additional staffing requirements, let's see what the half year results/Update and Presentation bring.

Would be hoping that an RNS will drop before the end of next week to advise when

AIMHO

ATB

AJP

Hi

Looks like the position of Laboratory Technician has now been filled, down to 5 positions being advertised now.

https://itaconix.bamboohr.com/careers

Not long to go now.

ATB

AJP

Hi

https://www.linkedin.com/company/itaconix-corporation?original_referer=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fitaconix-corporation%3Foriginal_referer%3Dhttps%253A%252F%252Fwww.google.com%252F

Itaconix Corporation has introduced a method improvement to significantly increases the rate at which multiple variables can be tested during product and process development. Our chemical engineers have devised a high throughput screening method with multiple reactors for parallel synthesis. This allows adjusting several materials parameters simultaneously under identical process conditions. This new method contributes to accelerating Itaconix’s research and development efforts.

ATB

AJP

Hi Smart

These are what I am looking to hear back on.

1) There are a number of positions being advertised at the moment, of which the Laboratory Technician, Chemical Production Operator and overnight Chemical Production Supervisor have been displayed for some months now, are these positions being actively sought to be filled or are we having difficulty in finding the right candidate?

2) As regards the Operations Director is this a new position or has Helen T Cane moved on? Just that her profile is no longer displayed on the website?

3) Itaconix was a project partner in a funded grant looking into

New Branched Polymers Excipients and Emulsions for Enhanced Drug Delivery

Project Partners:

Clinton Health Access Initiative CHAI Itaconix (UK) Limited Medicines Patent Pool

https://gow.epsrc.ukri.org/NGBOViewGrant.aspx?GrantRef=EP/R024804/1

Can you advise on this and if there are any potential future commercial advantages to this research?

4) I know you have cautioned against tracking raw material shipments previously, but there is a legal obligation for these shipments to be properly monitored, controlled and logged.

Currently another 40 Metric Tonnes have been received since the last trading update.

Therefore with the statement “Cash use reflected higher finished goods inventories,” from last trading update.

Does this mean that the overall picture has changed for this year and we are very much busier than anticipated, with a sizeable reduction in the finished goods inventories? Will this also be reflected in the raising of the revenue expectations for 2024?

“The Company's balance sheet remains strong, providing sufficient cash to focus on the next generation of customers, applications, and products. Net unaudited cash and investments as at 30 June 2024 were $8.0 million ($10.0 million at 31 December 2023). Cash use reflected higher finished goods inventories, higher accounts receivable in Europe, and new investments in upgrades to its facilities in Stratham, New Hampshire to support revenue growth.?

ATB

AJP

Hi Smart

As regards your first question, not sure if ITX would know if it is a sell or a buy, if it was any of the directors do they not have to release a RNS within 4 days of such a transaction?

As I have stated previously the number of shares RSN'd to the directors tally's up with the information given in the investors section of the website, so am convinced it it not an employee transaction.

Maybe someone can correct me if I am wrong, but if a holder of shares in a company passes away, then when the estate is wound up are the shares not transacted at the price on the day which this occurred, just a thought?

See what they say eh?

ATB

AJP