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It’s a shame you can’t see the Bid and Ask totals like you can on crypto exchanges.

My analysis is that in the potential absence of any RNSs between now and the January H2 update that anyone who isn’t content to stay long and hold will move their money elsewhere. Hence why I see a drift down to 150p in the short term.

I have to declare some self interest in that potential scenario as it would encourage me to add even more shares because I genuinely believe Itaconix is massively undervalued for both its IP and expected revenue growth.

Not to be pedantic but the company has been cash positive for 3 months of this year not 2 months. They said they are basically break even now save for what they choose to reinvest. eg in new equipment.

Another point of accuracy. There will be a H2 trading update RNS in January. I suspect things will look a lot rosier then.

Another contributing factor to the current share price is that we have hit the bearish golden cross, when the 50 day moving average crosses over the 200 average from above. Investors / traders do not want to take entry when they have this cross, and will want to wait for a retrace before taking entry. In other words evidence that we are exiting the bottom.

Clearly we are still bottoming out and I think we are at or very close to the bottom. If there is no significant news until January my gut feeling is that we will get close to 150p and then start to retrace upwards.

I think that’s a fair analogy.

For me, apart from the planned growth in revenue I think it’s the development and growth of the higher margin products which will help drive the share price. Superabsorbents are still the product which I think have the potential to absolutely explode Itaconix revenues and we know that is in the pipeline. The recent breakthrough with the solid (powder) alternative to the liquid is extremely significant.

I will add more Itaconix I’m just not sure whether to pull the buy trigger now or wait to see if there is any more drift towards 150p. 2024 feels like the year share price will take off on the back of the January update and other tailwinds.

Locking my shares safely away and looking forward to H2 report in 4 months time.

So much negative sentiment on this board because of the share price but I don’t agree with the criticism of the company. They are delivering the significant revenue growth and gross margin improvements they predicted. They are basically at break even minus what they choose to reinvest in the company.

Consolidation will help as US folk can now hold itx in their broker accounts.

Good luck to all true Longs and see you in 4 months.

Well my faith in Itaconix is higher than ever before. Solid well out together presentation and I appreciated their honest answers to our questions.

In answer to my question on when would be profitable: Already EBITDA positive for 3 months of 2023. We are flirting with it as we speak.

Goal is to build to 100m+ revenue so will have to spend money along the way to get there.

Good explanation regarding share consolidation to enable shares to be held in US.

New website coming early 2024.

That is a very strong buy recommendation!

If anyone is on the earlier analyst call please let us know which brokers are the on call?

I wouldn’t be at all surprised to see new investors snapping up shares over the coming weeks before the H2 report lands in January

Yes very positive update on superabsorbents. I also interpreted it as superabsorbents version 1 were not competitive (I presume either on performance or cost) and version 2 addresses this. Probably explains why we haven’t heard as much as we would have liked about superabsorbents in the past 18 months. Continuous product development to be expected and I’m sure Itaconix will deliver. Everything in todays report says they are delivering everything they promised and expansive growth is being delivered.

Operational Review in the RNS answers a number of our questions:

We met all customer orders in the first half of 2023 and have the capacity and capabilities in place to meet expected customer needs through 2023 and into 2024. We are building our finished goods inventories in North America and Europe to ensure we meet these needs. We are also planning some investment in production upgrades and modifications to improve process efficiencies and production rates to meet future customer needs at our current facility.

The cost and delivery times for the raw materials used in our production processes have stabilized. We expect this stability to transition into some easing in material and transportation costs over the next six months.

We are selectively expanding our staffing to meet the demands of current and future revenue development and growth. New hires were made in research and development, quality control, production, and customer support following the most recent fundraise. We plan to expand our revenue generating capabilities by adding marketing and sales staff.

Yes indeed AJP a great opportunity to have our questions answered.

I’ve just bought another 290 shares at £1.81 as I am confident next Tuesday will bring us lots of progress and this could be point the pendulum starts swinging the other way with the share price.

I just don’t see any downside risk on Tuesday given how well financed the company now is. GLA

In which period does the company predict it will move into profit? For example H2 2024?

Great research AJP and Thordon. Despite some of the pessimism I remain extremely optimistic and am looking forward to the update this week or next week

Out of curiosity why did you have to sell over 3 trades?

Couldn’t resist a small top up at £1.87. That’s 3.7p in old money which is just bonkers cheap. With a RNS due in “early September” I think we will see positive lift from that. It’s a no risk update as it’s reporting results which we already know from the H1 update but plenty of opportunity to the up side depending on what they provide in the way of positive developments since the fund raise.

I see that Bill McClure is now part time Director of Communications at Itaconix. He joined April 2023. I think that is a very good move by the company to support the rapid expansion of their business. I also like that he is part time to keep costs down.

Hopefully he reads this forum and can feedback to the board our sentiments.

Share price so cheap today. Just been quoted 187.5 to buy which is 3.75p in old money. With an update likely 2 weeks away I’m debating whether to add now or leave it a few days in case it drifts any more.

I believe this is why Paul LeBlanc was bought in back in January 2023. He was appointed to the Board as an independent Non-Executive Director and Chair of the Audit Committee with immediate effect. He is Chief Financial Officer and Treasurer of Bemis Associates Inc and has the knowledge and experience on how to massively scale up small companies like Itaconix. The fund raise was the first part of that.

This past week there has been a flurry of Itaconix posts on LinkedIn. It’s always interesting to see who likes their posts. Below is an example of their latest post (I can only insert the words not the pictures). Presumably the new reactor machine was purchased using some of the recently raised funds. Not long now until the September update:

What if we could replace the fossil-carbon based acrylics with plant-based esters? #greenchemistry #sustainablechemistry #saferchemistry #carbondioxideremoval

Owen Skriloff and Ryan Aversano discuss testing of the new reactor in the Itaconix lab.

Itaconix: revolutionary materials power revolutionary change

I have high hopes that this week marks the beginning of a new era for ITX share price. Tomorrow we will wake up to a share price of 200p and the board will have delivered what it promised on consolidation. The current share price offers a 20% discount on what institutional investors ploughed in earlier this year so we are very undervalued at present. We have the full H1 finance report due for release next month and hopefully an update on the spread of new business. It would be good if they could name drop because from the excellent research on this site it seems there are many multinational companies using our product formulations. Onwards and upwards tomorrow

Lots of sells today! Why on earth would you sell when the consolidation to support US investment is taking place in the next few days?

Seems totally illogical to me. Am I missing something??

Really pleased to see the share consolidation taking place next week to support the US OTC market. Hopefully this will mark the start of a revival in the share price. Share price over £2 sounds a lot better