David,
I know your post was directed to Dennis P, but with your permission, I'd like to respond.
I have followed ITKG since April of '98 and have owned ITKG stock since 1-12-99. I've invested a lot of time in this investment including having read 750 of the 979 post here on SI. My due diligence includes more than I can put on this page. Even with all this, there are those interested in this stock whose 'due diligence' makes mine pale in comparison. I respect their loyalty and commitment to ITKG. Having said that, I will only stay loyal to this company for as long as I believe in it. When I no longer believe in ITKG I will sell. Until then, I will endeavor to continue my due diligence by asking questions, making observation and drawing conclusions enabling me to learn more about this company. I am learning more.
About the form 10, you have reason to be concerned. Concerned is not a bad word, in fact, if you were not you might be lax in your due diligence. My concern comes from the companies own time table, not mine. Each time I've called investor relations they have said the form 10 is 'ready to go', 'any day' or 'could be tomorrow or three weeks'. I can also count numerous recites by ITKG loyalist and other ITKG posters who have gotten the same responses, who've made similar projections. I've come to expect what I'm lead to believe, especially when it is from the company. Now, am I going to sell, I don't think so, but I will revaluate.
I'm thinking this form 10 process could take longer than the company anticipates and this is why. I'm told being "current" is a serious complication. Because the form 10 must be current when filed, it requires the preparer to complete the work in the current quarter. If the preparer cannot complete this work in a timely basis, then the preparation and review process becomes a never-ending cycle of partial completion, incomplete review, and restart. In the meantime, the company is burning capital at a certain rate of $x/mth, plus the very large costs of the never-ending form 10 work. Not to be missed in the process is the capital-raising that occurs in the absence of the form 10. Lots of shares can be sold without disclosure of any kind.
The Technology in practice? Last Saturday a friend and I took apart an IASCA house antenna to see how it works, it looked pretty simple. Of course, this is a different from the one ITKG uses on the smaller scale, but I think the concept is the same. I've ask ITKG to inform me of their participation in future electronics shows - they will get back to me.
David, I don't know if I've helped, but feel free to respond or ask any questions. I've learned a lot from these posts of which Chief and others have made major contributions. Together we will learn more.
KCMike |
