Member Info for dougerboy

Thanks AJP also to you & yours. The current share price is a disappointment - so much for my previous matra by end of ‘23! Just shows, don’t pay any attention to my musings. So I’ll be sticking around a while yet! Today’s price is around 2.4p in old money - long way off from where I want us to be.

More grist to the mill and it will happen.

Hi Wacca they have communicated a lot of stuff, such as this:

https://itaconix.com/wp-content/uploads/22-02-09-First-Production-Trial-of-Plant-Based-SAP.pdf

Which is a good reminder for me why as a LTH I am here. In this chemicals business, dislocating established ingredients in formulas with ITX plant based polymers is a long selling cycle. But in the medium term, I’m expecting the trickle of revenue to turn to a flood.

A significant SAP announcement in early 2024 would be a good start.

Hi AJP, I doubt that very much. I’m not an accountant, but If they‘ve forecast and bought a year‘s with of raw material inventory (eg. 100T) the monthly accounted for value will/should be proportional to end product value sold for that month.

In other words there should be a pretty constant GM monthly. Hopefully with a long term upward trend.

Hi AJP, the raised cash should only be used to grow the business profitably. The share price will then take care of itself.

Me too Smart. The funds they‘ve invested must have been on a true belief of things to come. Who knows, maybe they are on a 10 year timeline to get their money back tenfold. A nice big fat major announcement with a DuPont or 3M or of that ilk, at some point would help a lot.

It certainly isn’t a good look Surfie. I remember the heady days of 16p (in old money)…if the company maintains its (profitable) growth curve taking it past break even & well beyond, the share price will sort itself.

I won’t. If we continue to grow our revenues 30% annually at decent GM then ITACONIX is a $100M business in 10 years time. The current factory capacity can handle $15M and on a 30% growth trajectory we need twice that capacity by 2028. For me it’s steady as she goes (& grows), which I realise is a bit boring for some. Hype has burned me in the past and this share certainly doesn’t have that (good).

You are right there RV. The RNS uses the word “announces” which is a tad unusual in director speak but perhaps not misplaced, because, after watching & (still) holding ITX for a long time, I have often wondered how come Yvon Durant, the brains behind the technology, hasn’t bought more shares. Now he has - which for me is significant - so I might buy a few more too.

Hi JD the share incentive plan you mention has been discussed extensively on the chat a while back. It is now closed - and share awards were linked to revenue growth. I am unaware of any new share incentive plan. No doubt one will come - hopefully linked to serious company value/profit/margin growth.

Not sure there‘s much left for anyone else to ask AJP! Lol

Do it snooz!

Haha nice one CSB! Yep 20p by ‘23 was my mantra - a genuine belief! But if you think 2p by ‘23, you’d better sell quick - not much of ‘23 left!

If you look at the curve of the Amazon share price over the past 20 years (wish I’d bought then) - an industry dislocator - I’m ok with waiting a while yet!

I have AJP. Working hard - I’d hoped ITX would have meant a tad less of that, but still moving in the right direction. Keep an eye on those raw material shipments - another key metric.

Interestingly, there are other major agents/importers taking significant volume of Itaconic Acid, such as WAREHOUSE SOLUTIONS AND JPAC TRADING plus other names such as DOW CHEMICAL. A rising tide lifts all boats and we have a lot of IP in that rising tide.

Correct AJP a second shift (12 hours) 3-4 days will be a back shift - so the plant is running 24 hours, certainly on some weekdays - not sure if it’s 7 days a week though. Shifts maybe 06:00 to 18:00 & then 18:00 to 06:00.

Either way, these are really important facts in demonstrating continuity in growth & ramp up towards break even.

I would say an opportunity snooz

It’s a belter!

Me too Smart. Why do that? Maybe funds needed - the economy is tough at the moment. We are on the rev. growth curve - just need now to get the profitability curve into catch-up mode.

John Shaw - if you read this stuff - unprofitable growth turns attention (factory capacity) away from more important customers. And if the important ones are battering the margin, then get on the blower to the top people to tell them to get real. Customers/consumers will pay for the environment.

Anyway, sub-4, and I’ll buy some more! What’s happened to my 20p in ‘23…

Not sure AJP; I like to think any future RNS releases will contain significant commercial info - so I’m hoping for something like „as a result, of our most recent patent award, we have contracted with…“ etc etc

That would move the share price. Just announcing they now have it, wouldn’t do much, significant as it is.

Here are some GM‘s from some big companies operating in the sector:

Croda 47%

Henkel 45%

Beiersdorf 52%

Proctor & Gamble 47%

We need to improve - a lot!

Thanks for your this AJP; the GM needs to improve. $1.5M of Gross Profit from $5.6M of revenue needs to improve. At that level we need to add north of another $5M in revenue just to get close to break even. We are on the revenue growth curve for sure, so it’s coming, but more profitable growth would be better!