Integral Technologies, Inc. (OTC:ITKG) has been moving up during the past couple of days. Yesterday, the stock soared 
another 17.01% and its traded volume substantially increased.
Apparently, the reason for the gain must be the latest news by ITKG. It was just yesterday when the company reported the signing of a Letter of Intent with Hanwha L&C of Korea to manufacture and distribute ElectriPlastTM technology in some parts of Asia.
The companies intend to execute the definitive agreements in the first half of 2012. Nevertheless, the announcement was optimistic enough to encourage investors and pump up ITKG stock price. Now, the question is how long the up move will resist.
Integral Technologies, Inc. engages in the discovery, development and commercialization of electrically conductive hybrid plastics used primarily as raw materials in the production of industrial, commercial and consumer products and services worldwide. As of September 30, the company’s cash has decreased, while its liabilities jumped up.[BANNER]
At the same time, the stockholders’ deficit went over $1 million, the deficit accumulated during the development stage reached over $37 million, and the revenues totaled $nil.
The management stated that Integral has not yet commenced revenue-producing operations and has significant expenditure requirements to continue to advance research, developing and commercializing new antenna technologies. As a result, the company estimates that, without further funding, it will deplete its cash resources in less than three months. These factors raise substantial doubt about Integral’s ability to continue as a going concern.
