Member Info for AJP08

Cheers DB

That kind of makes sense, just feel sometimes that they are not great at promoting their successes.

Interesting few weeks ahead, looking forward to the TU in the next 3 weeks or so.

ATB

AJP

Can anyone enlighten as to why we would not have had a RNS to advise of the new patent, considering they went to the lengths of releasing one to advise the application had been made and it's potential for increasing revenue.?

"The Company estimates that a $600 million per annum addressable market exists for potential Itaconix products based on this new technology."

Is there reason that they trying/happy to keep the SP at this level in the short term?

Thought they would be crowing about this news?

ATB

AJP

Apologies

Typo ( RNS was Feb 2022), But great news that the Patent has been granted so quickly.

ATB

AJP

Hi Thordon

RNS Feb 2021

Patent now granted as per previous post (more good news)

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products, is pleased to announce that the Company is extending the Itaconix technology platform into potential uses in composite materials and has filed a new patent to protect innovative intellectual property for expected applications in this new area.

The extension of the Itaconix technology platform is part of the Company's efforts to engage with potential customers to identify sizable unmet needs that Itaconix can address with plant-based solutions.

Market and materials research led by Dr Yvon Durant, Itaconix's CTO, has created a path to making certain composite materials that may allow a safer process to produce products that also have higher plant-based content. If granted, the patent will protect a new family of intellectual property for Itaconix. The review process for the filing is expected to take at least two years, and there is no guarantee that the patent will be granted.

Product research based on this patent filing will now enter the next stage of commercial development. Key milestones for 2022 are to complete initial environmental and safety studies and to engage in commercial discussions with market collaborators. Potential revenues are not expected until at least 2024, which is a normal timeframe for new product development.

The Company estimates that a $600 million per annum addressable market exists for potential Itaconix products based on this new technology.

John R. Shaw, CEO of Itaconix, said:

"Although the usual steps remain to advance a new product to market, we are very excited that our plant-based solutions have the potential to address major unmet customer needs. This patent filing marks a significant milestone in our efforts to deliver safety and sustainability to new categories of consumer products."

ATB

AJP

Another string to the bow

https://patents.justia.com/search?q=Yvon+Durant&page=2

Asymmetric And Symmetric Monomer Mixtures Of Esters Of Itaconic Acid And Corresponding Copolymers

Publication number: 20230183421

Abstract: A monomer mixture containing asymmetric and symmetric esters of itaconic acid which can be used as a reactive diluent. In addition, copolymers resulting from the polymerization of such monomer mixture. The monomer mixture more specifically includes the asymmetric monomers methyl ethyl itaconate (MEI) and ethyl methyl itaconate (EMI) and the symmetric monomers dimethyl itaconate (DMI) and diethyl itaconate (DEI).

Type: Application

Filed: December 9, 2021

Publication date: June 15, 2023

Inventors: Yvon DURANT, Madeleine Eleanor ANDERSON

ATB

AjP

Hi Smart

I guess that the impact on ITX revenues will be minimal as regards this as only a small percentage of our income at the moment comes from the UK?

The exchange rates Euro/Pound continues hold up and is favourable as regards US Exports, if contracts are set up in these currencies.

I guess we will know what the plans are in the not too distant future, but would not surprise me if we move to a dual listing.

Hopefully this last raise has the desired effect of getting a hold on inflation, but I have the feeling that they have the habit of charging at it like a bull and not giving the time needed for previous raises to take effect and will end up causing a recession, which is not good for anyone.

Interesting times ahead (no pun intended)

AIMHO

ATB

AJB

Let's try £10.5 million lol not £10.5

ATB

AJP

Hi Spin

Is it not a case of the circumstance under which the consolidation is taking place (not to get us out of a hole)?

I guess that the Institutional Investors would have been privy to the intention to do this prior to throwing £10.5 into the pot?

The consensus is that they are looking for a Nasdaq listing, but quite a few hoops to jump through to achieve this, is there not alternatives to the Nasdaq that would satisfy the American PI's ?

Would this also possibly make us more appealing to green ESG funds not being a penny stock?

Guess there are two sides to everything, with John/Laura in particular having a sizeable holding in ITX would have thought that they would not be looking to damage their own interests and therefore see this as a positive move?

Personally I feel that we are going to get another hugely positive TU in the next 3/4 weeks, but time will tell eh

ATB

AJP

Hi Thordon

Was having a quick look and was amazed at the huge increase in products containing sodium polyitaconate

Google search "sodium polyitaconate" there are pages of them, below is a small sample of some of the ones I have not seen before.

First one very interesting (https://www.schwarzkopf.co.uk)

https://www.salontrusted.com/schwarzkopf-osis-tipsy-twirl-texturising-curl-jelly-300ml-c-5009-p-77021

https://kariskin.com/eye-care/rye-beauty-brow-grooming-serum

https://www.blackup.co.uk/pro-haircare/393-fix-me-up-3700187440671.html

https://kozmacurl.ae/products/kozma-curl-cream-styler

https://larryking.co.uk/product/the-curl-edit/

https://nl.iherb.com/pr/sheamoisture-kids-styling-jelly-coconut-hibiscus-12-oz-340-g/114614

https://www.florissana.com/products/essential-brow-gel

https://ivyandelder.com/products/wear-the-wind

https://www.murrayshealthandbeauty.com/products/beauty-and-skincare/boss-bounce-light-as-air-styling-cream/

https://www.thyrstbeauty.com/products/serum-11

https://fourreasons.co.uk/products/four-reasons-original-curl-mist

https://www-minilouvre-ca.translate.goog/creme-coiffante-60-ml.html?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

https://www.beautycos.co.uk/lille-kanin-diaper-changing-cream-250-ml-1685702733

https://thecommonplacestore.com/products/groom-styling-cream

https://cocunat.com/en-eu/products/total-curls-en

https://www.jentrykelley.com/copy-of-kevin-murphy-killercurls-rinse-84-oz.html

https://www.violey.com/en/bioturm-styling-gel_p_32858.html

https://www.net-a-porter.com/en-bh/shop/product/rose-inc/beauty/brows/brow-renew-enriched-shaping-gel-fill-03/33258524072341111

https://www.harlequinhair.com.au/products/everescents-organic-lavender-pink-grapefruit-sculpting-lotion-150ml-450ml

ATB

AJP

Hi Dunk B

From the last presentation/proactive interview it was indicated that the VELAFRESH® SAP80 was currently available in its basic form, mainly being used in more industrial applications with the formula that will be being utilised in the diapers, feminine /male hygiene etc still currently being tweaked/refined to make it the best green super absorbent available on the market, they alluded to revenues starting to ramp up in 2024 in this area.

AIMHO

Please research this for your own peace of mind

ATB

AJP

Hi DB

May this be one that proves a point with regards to Thordons research?

https://www.joysuds.com/joy-blast/

Due out in the fall 2023, so not sure when they would start the process of manufacture?

May be available already, due for nationwide availability in the fall

Seemingly an Iconic American Brand

https://www.brandlandusa.com/2022/08/20/new-owners-of-joy-see-themselves-moving-from-sink-to-dishwasher/

JoySuds was formed in November 2019 to acquire the Joy® and Cream Suds® Brands in the U.S., Canada and certain other territories from Procter & Gamble.( $30 million)

https://www.webstaurantstore.com/documents/sds/sds_joy_blast.pdf

ATB

AJP

Hi DB

Totally agree the 35% they are trying to achieve should only be a starting point, guess you have to be in a position of strength, with ITX ingredients having a wider adoption by the big players, although in the last interview with proactive investors he did state that the £10.5 mill would allow then to pursue the bigger accounts 3minutes 54 second into the interview

Https://www.proactiveinvestors.co.uk/companies/news/1017224/itaconix-shooting-to-be-a-much-larger-company-1017224.html

The Trading update will demonstrate where we are heading, looking for something in excess of $4mill minimum for the first half

What are the thoughts on the 50 to 1 consolidation? Good/Bad ?

As an aside Thordon, please keep up the excellent research, from little acorns oak trees grow and not always good to have all your eggs on one big basket.

ATB

AJP

Just for info

https://itaconix.com/investor/reports-documents/

ATB

AJP

300K share purchase reported after the bell?

Nice purchase if that is the case

AGM the 28th June and TU 2/3 weeks later?

Could we see us gaining a bit of momentum over the next 6/8 weeks?

ATB

AJP

Excellent spot T

Well worth a watch, so much better presentation than yesterday.

John Shaw talks to Thomas Warner from Proactive London after releasing final results for calendar year 2022.

He discusses the recent performance of the business before looking to the future, saying that Itaconix will "continue to grow and reach profitability in the coming years... and we have the resources to shoot to be a much larger company."

ATB

AJP

Thanks R

Excellent on the Octopus AIM VCT update love the comment

"The company raised a total of £10.5 million in a heavily OVER-SUBSCRIBED SHARE PLACING, which will be used to support a range of growth initiatives, including the development of new products and applications for its technology."

See Supernumerary was questioning the quantities of raw material on the ADFN, please pass him on the following link and he can peruse for himself https://www.importgenius.com/search/Itaconix.

As I said yesterday John is not going to come out and admit to such on a live presentation, but why else would they need third party storage close by, never needed that before, I stand by the circa 200 Metric Tonnes over the last 10/12 month. sure it will all become clear soon, hopefully in July.

ATB

AJP

Quiet on here today !!

These are some of the things I took away from yesterday

What is the general feeling?

From presentation 06th June 2023

Current addressable market $2.3 billion

New innovations

Added early version of SAP which is in an extended development cycle (revenues 2024)

Advanced Composites, new chemistries being added over the next 12 months)

New Hair care technologies added into product the pipeline

Moving us into a $20 billion addressable market

Turnover last year $5.6 mill which was an upgrade from initial target of $4.7 mill

Current target for 2023 $8.0 currently on target (so we should be looking for around $4.5 mill in July update I would have thought)

£10.7 mill raise this year puts us in a very secure position going forward and for entering our “New Stage of Development”

AGM 28th June 2023 where one of the proposals will be a 50 to 1 consolidation on shares meaning SP will approximately rise to £2.50 per share with only circa 13.5 million shares being in circulation, that should make shares even tighter?

Gross profit margin improving, target 35%

New staffing secured to cope with demand

Improvements on production facilities implemented, with current facility running at circa 25%, there is no need for additional capex currently in this area

Initiation of Market and Product research and initiation of Digital Marketing

John and Laura very excited about the future, “as we are in a better position than we have ever been in.”

Think that there was a few things that could not be said yesterday due to information not having been released yet, but will hopefully be made clearer in the July Trading Update, not too long for that.

A criticism would be that there is no preparation done on questions submitted prior to the presentation, a considered response could have been formulated to each in advance and made the Q&A a lot slicker and professional?

AIMHO

DYOR

ATB

AJP

Hi all

What are the thoughts on the AGM vote on the 50 to 1 consolidation?

This being put in place to have a NASDAQ listing?

See they kind of body swerved the question on the amount of Raw materials they have been purchasing, but was kind of confirmed by the fact that they need to have offsite storage for the quantities they are buying.

All in all I felt it was a very good presentation, given in typical John fashion, it is what it is and he knows his stuff.

Will need to listen to it all again as have probably missed something.

Think there may be a few surprises up his sleeve for the July Trading Update (confirmed today, guessing by what he said as the 13th or 20th)

ATB

AJP

Good to see ITX named a a Key Player.

https://www.kaleidoscot.com/biodegradable-superabsorbent-materials-market-2023-2028-statistics-size-growth-rate-future-projection/

ATB

AJP

Hi JD

This is par for the course, short term gamblers trying to flip and make a quick 1%

Not for me, as this is a long term hold, I know that is is frustrating at times, but feel that in the long run I have made the correct decision to hold and not try and play the share, never really works in my opinion.

As for todays presentation, I hope that you are correct and there are a few nuggets of gold that we can take away from this, but for me I am more focused on the 12th of July as this is when I would anticipate when we will get a TU, now based on what we have researched, that in my opinion is when we should see where the increased inventories, additional manpower etc etc have been deployed and that is when we should see the SP start to motor.

AIMHO

ATB

AJP