Member Info for Elsol

Quick question AJP - do you think this is equipment supply for US Plant ITX to make special packaged bundles for its performance formulations in partner approval formats OR is it supply of other basic materials OR an interface value added step from basic raw material from China to somehow avoid global supply chain tax inefficiencies? US import tax from China??

To be very fair and balanced, JS did email me back after the last mgt ppt to apologise for not covering some of the small questions I had forwarded so he is not showing contempt for shareholders IMO. This proves he is quite diligent and respectful to SHs. I expect he has lots of company workloads ups and downs, issues and tactical company mission statements moving the business ahead at 50% p.a. growth rate and all the moving parts with limited staff pool. There are also self imposed cost constraints in place to conserve critical capital for all shareholders so there is no formal PR and IR team to grease the wheels and spoon feed continously news for us shareholders. However, ITX in 2025 appears to be storming ahead now after a few hurdles and backward steps to overcome and derisk its strategy. SP will have to follow at some point in the not too distant future. Its a little more patience needed since yesterday is not necessarily the best guide for go forward future when there maybe a few new commercial and or operational pivot points near term. We've all waited a very long time for this point but slowly slowly this stock looks very probably it will blossom and give us sine well earned prosperity and something to cheer once again.

Thx AJP, for bulk hand soap find - good we are getting into industrial and commercial use wholesale channels!

When you say it's been done- via email? When was the last time you did this? If it was a while ago, maybe consider a fresh email outreach given observed SP trajectory and LinkedIn v's RNS . The latter must generate bigger bang for the buck one would think amongst investors at the moment!

Wacca, do you fancy encouraging JS to do more of this via polite and respectful email message

Good point Northern Monkey about vested large stakeholder interests (plus hungry Institutional Investors in the background keeping management under pressure). All bodes well for all collective shareholders aligned together driving ITX towards greater revenue/profitability, leveraging off the new CEO/CFO/CTO strategic platform. With this the prospect for some sort of future lucrative trade sale or creative supply-side collaboration – as you say we keep heading in the right direction during 2024-2025.

We rarely mention the upsides and major SP impact of a significant commercial JV transaction for ITX which could be the much awaited new investor/SP catalyst (share price correction due to endorsement by a large-cap chems multinational deal). This happens alot in high growth technology/IP-rich spaces (such as biotech & pharma + others) and is not off the table here. So, sometimes a direct tradesale or takeout is not the key event that will push the SP much higher. We know there are some large in-development parties in the background in play already (probably paints/adhesives). If the market opportunity is a big one (no doubt if its a big chems company partner) they will co-invest alongside ITX to secure a new manufacturing plant what ever it takes. Then you will have your 5 November event on this tiny SP/mkt cap.

Hi Marcus, was that via email or only a short question on a recent results presentation? Time to have another go given we are about 11 weeks away from smashing $10m revenue - that needs market, investor and social media noise for sure!

Further consideration for Chiltings good post which maybe correct for US economy outlook if a downside trajectory evolves - perhaps thats why China has the upper hand on trade negoriations now. They know Trump is a dead duck now at the helm with less options for "a failing POTUS". My point if the US economy does go downhill, I think ITX will be a highly defensive stock and maybe benefit or stabilise due to segment exposure and very diverse branded end products. Why? More people statying at home with more limited discretionary spending - more dishwasher, laundry pods and cleaning products will be consumed at home for sure. ITX Ingredient cost effectiveness means more when income is tight.

Hi Smart, do you want to send your message and suggestion to the company via email or LinkedIn to CFO/CEO?

Excellent new financial guy ops and commercial focused and eyes on performance/margins!

Yep a 'plant' or tumbleweed that grows size at 50%+ per year eventually gets noticed !! GROWTH will deliver so that's why I'm still investing for good news to come in FY 25/H1 26. Maybe like buses they all comes at once.... 😀

AJP - if this is an ITX EU distribution hub, the transfer price for ITX US manufactured goods will be market price less a commercial margin for the EU distributor to align to BEPS transfer pricing international tax rules ( Base Erosion and Profit Shifting). So, price paid is probably c.15% less than EU market price to end customers. 😳 good news. If its 2.5m sale to distributor then sales price is 2.5m + 15%!

Good sleuthing AJP..even if the ITX price per metric tonne finished goods in bulk is materially lower at say, € 100/T, we are still looking at c. €2m+ worth of order right there for Europe.... wow! Must mean we are at least €10m annualised revs. at the moment with this factory gate output indicator. DYOR.

It's not an accident ITX and their client, Nouryon have sequential congress speaking slots - very close partner-client relationship which bodes well.

Calling out, could be medium-term game changer due to wider macro molecular carbon backbone and cross linking chemistries with expanded ingredient design / functionality properties. Will need to wait and see but more upsides keep coming along here with broader IP applications.

In other words ITX ingredient polymers are highly valued by P&G - excellent find AJP. There is a competitive reason not to shout this patenting out from the hilltops Smart - it advance alerts other developers of our next commercial move in the hair care space. Gently under the radar until they launch this innovation (as much as possible).

I did not review the patent but I assume that the multi branching aspect is to do with cross-linking and macromolecular covalent bonding across itaconate smaller carbon chains. Could be great for SAPs etc and creating larger carbon based polymers for all sorts of applications. You clearly know the story about the hare and the tortoise. Well ITX may be a tortoise but may win the race to lower cost SAPs that compete with fossil fuel alternatives with higher or the same performance!

"Is there ever a bottom? Cash value I suppose" - Not really, it's free cash plus adj. tangible asset value plus IP value. North of 105p/ shr for sure in real money.

😆 Hi Smart you are such a good trader my friend. I myself don't need to rationalise that we are massively oversold again after the incited sell-off on "good" news and buy the dip strategy - its a no brainer on way back up to 130p+ in short measure "a rebound is inbound"!! Maybe next time I will join you on some trading on these little SP dips 😃

I think that's correct Bod since my shares are listed under an institution and make up a good slice of a minority slice of that investment entity.