In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Integral Technologies Inc. (OTCMKTS:ITKG) reported that L2 Capital, Llc. has picked up 15,164,099 of common stock as of 2017-05-23.
The acquisition brings the aggregate amount owned by L2 Capital, Llc. to a total of 15,164,099 representing less than 9.99% stake in the company.
For those not familiar with the company, Integral Technologies, Inc. is engaged in the business of researching, developing and commercializing electrically-conductive resin-based materials called ElectriPlast. The Company’s ElectriPlast technology offers applications in various industries, such as auto industry, aerospace, consumer electronics and commercial aviation industries. ElectriPlast is an electrically and thermally conductive resin-based material. The ElectriPlast polymer is a compounded formulation of resin-based materials, which are conductively loaded, or doped, with a balanced concentration of micron conductive materials, then pelletized using its manufacturing process. Various applications for ElectriPlast include batteries, antennas, electronics shielding, motors, switch actuators, medical devices, thermal management, toys and cable connector bodies. Its subsidiaries include Integral Operating LLC, Integral Vision Systems, Inc., Antek Wireless Inc., Electriplast Corp. and Integral Technologies Asia, Inc.
A glance at Integral Technologies Inc. (OTCMKTS:ITKG)’s key stats reveals a current market capitalization of 10.49 Million based on 140.40 Million shares outstanding and a price at last close of $0.058 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-04-24, Bathauer picked up 3,000 at a purchase price of $0.05. This brings their total holding to 436,647 as of the date of the filing.
On the sell side, the most recent transaction saw Blumberg unload 10,000 shares at a sale price of $0.50. This brings their total holding to 2,373,809.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Integral Technologies Inc. (OTCMKTS:ITKG) as things move forward to see if its progress aligns with these transactions.
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