Member Info for dougerboy

That doesn’t seem unreasonable Vince. I‘ve been here a VERY long time too and used to enjoy the positivity of ToT, and be irritated by the incessant sarcasm of kreature on the other thread - whose posts I now enjoy - though still hoping they won’t be vindicated.

Good stuff AJP. I feel a question coming on for the presentation, which sadly I can’t make. But here it is: at current levels of Gross Margin, what level of input tonnage of IA raw material is required to break even?

I doubt he’ll give that answer - but he will know it!

Cheers

That‘s interesting info on new hires AJP. Helen Cane is still showing as Itaconix active, so I’m assuming she‘s still there. Going by the new sought hires, per your links, this is then confirmation of additional ops resource recruitment. That is very positive. Of particular note is Night Ops Supervisor, and running now or soon to be running nightshifts mean we are gearing up I would suggest towards fuller plant capacity from existing factory footprint.

We will all recall, that capacity as previously stated by John, equates to ca. $15m revenues, before additional Capex is required. That means, there is, I would suggest, an even clearer by the Board a view of that road ahead to maximum plant utilisation.

Crucially our future road is without the lower margin business (good) and which was strategically rejected a few months back - and caused much debate on this chat.

For these new hires and doing rough numbers, costs for these will be ca. $450k above our current cost base - so to pay for these we need an extra $1-$1.5M revenue based on current GM levels. So in seeking these hires Itaconix must have a really confident view.

The only slight negative I have is on the job spec of the well paid Marketing Communications Director: I would like to see an emphasis on the word „selling“ and „sales“ - the increase of which is the ultimate judge of how successful one‘s marketing team members are.

So John Shaw, if you read this, please attach revenue and GM targets to your marketing & sales team actions.

Come on guys, down 10% on only 6274 shares traded. It’s a joke. If you feel like selling into that “big” drop on measly volume, fair enough. The question for me is: where are we today on that revenue/GP curve, which as we all know, has been way too tardy, but IS moving in the direction I want.

Sodium Polyitaconate contained in this nappy cream. It’s not a big leap from this into actual diapers. It’s got to be a big target firmly in Itaconix’ crosshairs.

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

Description

“Diaper changing cream keeps the skin dry by absorbing the moisture that comes from a wet diaper”

Haha I don’t think it’s so bad Elsol. It is after all the birth place of Stan Laurel. Let’s hope Itaconix start putting big smiles on our faces, soon!

That is VERY interesting info AJP. A Unilever subsidiary/business using plant based ingredients for a wide range of product formulations…

I don’t know how Unilever’s Environmental Corporate Approval Procedures are setup - but there is an Itaconix man -Jim Gordon - ex-Unilever who probably does. I think it is highly significant that a Unilever company is using our ingredients - that door has been walked through, and the room it looks like we have entered a a very big indeed.

I haven’t bought any ITX for a while - it’s been a LONG journey - but tomorrow might be another purchase day.

I hope so AJP. We’ve been in the starting blocks for a very long time. Time to fire the pistol.

Good work AJP. They are also hiring for a nightshirt position: https://itaconix.bamboohr.com/careers/25

So the factory seems to be motoring along nicely (without too much of that low margin Business one hopes!)

So sorry Thordon. DB.

Thanks AJP. New products means new sales, which is encouraging. I’m surprised Thordon has been on radio silence for so long. Maybe he/she has sold up - wouldn’t blame them. I haven’t - but the delivery of positive share price trajectory really needs to start motoring.

You might be right Surfie - for a while. Or you might be wrong! My expectation on the rate of revenue/profit growth has been wrong. But I still hold, maybe wrongly. But what I hold fast to is that Itaconix SELLS product. It is making and selling. So will they be selling (profitably) more or less in future years? I’m still holding.

Not sure on recent quantities AJP. For sure there is a LOT being imported into the USA, also going to LUBRIZOL, TORAY COMPOSITES, among others. A rising tide lifts all boats, hopefully.

Yep, I get all that Smart. And understand your disappointment - got some of my own, given that the revenue/GM growth curve has been too tardy. If it started to lift like FTC, I’d be a lot happier!

Well, you can’t be in two places at once Smart! For existing investors you’ve said you hope you are wrong, and I guess for “non-existing investors” (you), presumably you hope you are right!

Thanks AJP. How did you know I was good at German!

Where‘s Thordon our main research sleuth these days? Have you sold up Thordon - understandable if you have irs been longer than expected. Hopefully good things come to those who wait.

This is significant: The Pampers diaper is composed of an average of 3.97 g of sodium polyacrylate, linked on a thin thread, and an average of 0.71 g of cotton. Huggies has an average of 1.88 g of fine powdery sodium polyacrylate and an average of 6.97 g of cotton.

I am sure the CEO and his team will be trying to replace that acrylate word with ITACONATE

Yep you are right it will probably take a fair while Surfie - but clearly HE doesn’t think he should have sold (he has bought more in fact) - which is what holds my interest, among other things.

Fair Point Surfie. But I guess the CEO thinks not. He didn’t sell out either when it was 5 times where it is now, a couple of years back. He clearly believes it‘ll look a whole lot different ie better in the future.

LGL „I don't think ITX currently have a business model that works in the N. American market“

Clearly they do - they have their ingredients in 100 + products & brands across multiple US retail outlets.

Granted, it needs to be one delivering profitable growth - which seems to me to be the current bone of contention on this board, regarding the loss/removal of the large revenue customer.

If we take JS at his word - and he seems to be a pretty straight/honest CEO compared to some on AIM - he will not load his factory capacity with high volume insufficient margin business, ie potentially loss making growth.

That probably took some courage - well justified, so long as it gets replaced with more attractive profitable growth/higher margin business. Time will tell. Hopefully soon.