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With the latest October inflation figures showing strong falls in both the US and U.K. I expect growth and tech stocks to be lifted as money flows back in. Itaconix is sitting pretty and I can see the January trading update being a big turning point for us long suffering share holders. GLA.

What surprises me is that those institutional investors who bought in at 5p (250p) aren’t snapping up shares at 3p (150p). I still think ITX is a steal at these prices.

Directors must know this is way into oversold territory and there is a very positive trading update due in January. Be interesting to see if that large purchase shifts the price up this morning. Logically it should but then again logic rarely seems to apply here

Ricky asks a very good question. How did John Shaw buy his shares so cheap? $1.6 converts to £1.32 which is much lower than both the Buy and Sell price!

I wonder if the OTC market has anything to do with the fall in share price? Does that market have access to a pool of cheap ITX shares following the 50:1 reverse split?

When the finance director starts adding shares to their already ridiculously large share holding, you know the bottom is in. Would be nice to see some of the other directors adding. A large purchase by one of the directors would certainly get the price moving

Thanks AJP.

This is a good example of where a RNS could be released to explain the potential applications of this new IP.

Hopefully the new comms guy at Itaconix reads this bulletin board

Hi AJP

Yes I saw that John Shaw was going with Jim Gordon his Global Director for cleaning & hygiene and John Fernald their technical product manager which is very senior representation.

I’m feeling very bullish about our prospects and am hoping to sell some other shares to buy more Itaconix whilst it’s at its bottom. I expect a break out in share price in the coming weeks and think it won’t take much to get this moving Northwards. My near term expectation is that we will get back to 200p which is a 33% gain from here. 200p is still only 4p in old money so I think I’m being quite conservative. Beyond the next trading update in January I have much higher expectations.

Let’s hope we land some more big customers from the congress. Would be good to see a November RNS announcing this.

H AJP yes unfortunately the current share price does leave the company vulnerable to a hostile takeover bid. I wonder how many private investors would turn down 500p (10p in old money)?

The current market cap of just under 20m is bonkers given there is 10m cash and the company is effectively break even (cash positive in 3 months out of the first 9 months). It’s not just the incredibly valuable IP and parents it’s also the £8m and growing revenue.

I’m continuing to top up at these ridiculous prices because I’m expecting something significant to come out of the current share price.

Thanks Chilting. That’s a significant 20% downgrade in Crodas annual revenue. Which makes Itaconix’s continued achievement of its aggressive revenue targets all the more impressive.

I do believe we have hit the bottom now in share price and this is a great entry point for new investors or existing investors wishing to average down.

Thanks Rivaldo this is great news.

I also thought the following exert from Amati’s report was very relevant:

“This now requires a period of adjustment, as market prices respond to what has been a very abrupt end to the era of cheap money amidst the advent of war, potential shortages of natural resources and a rising wave of sanctions on international trade. None of this lessens the need for innovative new businesses to underpin the future growth of the economy and maintain competitiveness. However, it makes it harder for such businesses to find funding and tends to slow down sales cycles, making it more expensive for them to scale up. This makes the role of VCTs more important than ever, being pools of capital which are able to continue to invest in tougher times and support businesses over the longer term. The need for clarity on the future of VCT schemes is becoming ever more critical. Tougher markets also tend to be good for the long run returns from new investments, so it is to be hoped that the ability to continue investing will stand the Company in good stead in the years to come. It is encouraging that new opportunities for qualifying investments are appearing on AIM, albeit in smaller numbers than previously.”

The fact that itaconic ticks all the right boxes for Amati to invest in them speaks volume and we need to give Itaconix more credit for having successfully weathered these much tighter credit conditions.

If you think about the shares which the Itaconix execs hold, it really brings it home to you how much it is in their personal interest to get the share price moving up again. Whilst we own thousands of shares, they own tens of thousands of shares:

John R. Shaw - 940,411 Shares

Laura Denner - 255,724 Shares

Dr. Yvon Durant - 110,489 Shares

Feels like we’ve hit the bottom so I did another top up this morning whilst under 150p. The potential upside from here far outweighs the risk of any further significant downside in my opinion and I don’t want to miss out on these prices. GLA.

Wow that’s 2.88p in old money. I had to put that in my calculator twice to check. Surely a bounce is coming…

I agree AJP

My frustration isn’t with the company’s performance I think they are right in track and I was happy with everything I heard at the last investor event.

My frustration is with the ridiculous drop in share price on virtually no volume. I know the free float is really small but it’s not that small!

I hope you are right that someone is about to scoop up a load of cheap shares as we are into bargain territory.

How have we sunk to 140p on virtually no volume traded????????

How can £2,250 shares sold so far today result in a 1% share price drop when the market cap is 24m ???

Something doesn’t add up

No sells in Aquis.

I’ve just added 664 shares at 150p to my already substantial holding.

At a 22m market cap with 10m in the bank this is too good an opportunity to turn down.

I know it’s risky trying to catch a falling share price but there comes a point where every value play turns round and I firmly believe this will be soon.

The company is doing all the right things and it’s growth profile is improving every half and most importantly it is delivering on its plan.

Yes surprised though at how quickly it went down to 150p. 3p in old money is crazy.

Makes me wonder if the consolidation has led to some of the US investors selling their shares as they couldn’t before?

At 157.5p chilting I think we will get to 150p. It’s 4 months until the next scheduled RNS which is a long time to potentially drift “IF” there is no news.

Of course as a LTH I don’t believe the company itself is drifting. They are making incredible progress delivering what they said they would. But not everyone shares my enthusiasm and patience is wearing thin so even a few LTHs may sell in the short term.

There is a growing divergence between the progress the company is making and the share price. I believe at some point that divergence will correct itself and we will see a big bounce up in share price.

So if we do get to 150p I will add more shares.