Exchange: NYSEMkt·Updated 11:52 AM EST
ITP logo

ITP IT Tech Packaging Inc

$0.0614
$0.0499
(44.83%)
Today
Mkt Cap$1.04M
Vol1.75M

About ITP

IT Tech Packaging, Inc. is a holding company, which engages in the production and distribution of paper products. It operates through the Dongfang Paper and Baoding Shengde segments. The Dongfang Paper segment produces printing paper and corrugating medium paper. The Baoding Shengde segment produces digital photo paper. The company was founded by Liu Zhen Yong in 1996 and is headquartered in Baoding, China.
35

Bearish Sentiment

How do you feel about ITP?

YungNDumb1
$ITP I'll choose to post the Investor Relations email I got from ITP last week to prevent people from making a terrible mistake selling when trading resumes. - Audited Financials expected by end of November - Market cap of only 1.05 million vs 175.7 million in assets. - Unrestricted public float will be only ~410,000 post-split; enormous potential for volatility - Authorized shares will be split 1/40 as well to 1,250,000 which is shareholder friendly - Most comparables analysis of Chinese paper companies have seen a massive turnaround this past year towards profitability or are increasingly profitable. These audited financials have the ability to send this to unchartered territory. Enjoy the email below!
3
focafoca99
$ITP effected a 1-for-40 reverse stock split to meet NYSE American listing standards, effective Nov 20.
TwongStocks
$ITP 1 for 40 reverse split. Will begin trading on a split adjusted basis on Nov 23. https://www.prnewswire.com/news-releases/it-tech-packaging-inc-announces-reverse-stock-split-302936784.html "The Reverse Stock Split is primarily being effected to regain compliance with certain NYSE American continued listing standards related to the low price per share of the Company's Common Stock." Expect the H11 halt to lift after the RS is effective and ITP is no longer below $0.10.
416Area
$ITP They didn't fill up the 10Q form for the period ending Sep 30th...management is very irresponsible.
YungNDumb1
$ITP To any lurkers, investors and holders: We have an exclusive group chat for this stock. The few of us in it hold ~15% of the entire float and continue to accumulate more. We would like to welcome anyone else who has the mindset to realize a much larger valuation that we too are holding out for. Big news IS coming VERY soon. If you are a serious holder tag me in a message or comment here and I'll gladly add you to our group chat.

Advertisement|Remove ads.