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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

It’s not often you see an investor splashing out £15k on Itaconix shares. Unknown trade but must be a buy at 4.51p. Could good news be on the way?

So whilst 3 of my AI stocks are pumping up 10-20% in one day, back here at Itaconix there wasn’t one stock traded today. On the down side it shows that we have little market presence and zero interest. On the plus side when we are eventually discovered then the share price will fly.

PS - Keep up the good research AJP and Thordon. At least it gives us something to look at on these quiet days, weeks and months.

Crack on with the share consolidation. You’ve voted it through twice now, please deliver.

Welcome back! A great time to invest indeed.

Current low price based on assumption that won’t get any share price movement until January 2024 trading update but if the share consolidation happens before then that could prompt significant movement.

Either way just a matter of patience I feel.

The share price is cheap when you consider that the 10m fund raise is sat on the company’s book so it’s not like it’s disappeared into a black hole. It’s working capital which will fund the impressive growth targets the company has set and enable the transition to profit next year. It’s also a much smarter way to fund the company than loans which incur a lot of interest.

However, the problem is all about market perception and demand for shares. Also the company doesn’t need to attract new investors as it has all the investment it needs. It’s a long term play and I’m just locking my shares away and waiting patiently for all the positive reasons you have laid out below. If there is any more selling from investors who aren’t willing to wait it out and the share price dips below 4p to buy then I will add.

Hi AJP all solid points and the reason is LTH’s are invested here.

In terms of share price I think the fund raise was a double edged sword. It was absolutely necessary to enable the company to fulfil its growth potential moving forward. But until that growth potential is realised it has effectively diluted the value of shares. As the income continues to grow at its impressive rate the share value will rise. I suspect that may not be until the January 2024 trading report unless the share consolidation takes place and has the desired effect of pulling in new investors.