iTalk Inc. (fka TALK)

[Ronin_Trader]

....Timeline of Current Events.....

1. The Disclosure Statement has been approved by the court.

A hearing was held on approval of the Disclosure Statement on May 17, 2017, at 10:00 a.m. Based upon the record at such hearing, it is hereby

ORDERED and NOTICE IS HEREBY GIVEN that:
A. The Disclosure Statement filed by Debtor is approved subject to further objections by creditors for cause shown.

2. Now, votes must be cast on the "Plan", and the ballots must be received by July 6th.

C. July 6, 2017, is fixed as the last day for filing, on the approved ballot form, written acceptances or rejections of Debtor’s Plan.

D. July 6, 2017, is fixed as the last day for filing and serving written objections to the Disclosure Statement or to confirmation of the Plan.

3. Next, a hearing will be healed on July 13 in regards to any objections to the Disclosure Statement and the Voting of the Plan.

E. A hearing will be held in in the United States Bankruptcy Court, Courtroom 1402, Richard B. Russell Federal Building and United States Courthouse, 75 Ted Turner Drive, SW, Atlanta, Georgia 30303 at 11:00 a.m., July 13, 2017, (1) to consider any objections to the Disclosure Statement, (2) to consider confirmation of the Plan and (3) to determine the value of collateral and extent to which claims are secured pursuant to 11 U.S.C. §506(a) and Rule 3012.

4. Three days prior to July 13 a summary must be filed summarizing the votes on the Plan.

At least three days prior to the scheduled hearing on confirmation of the Plan, Debtor’s attorney shall file a Summary of the Voting on the Plan of Reorganization indicating that all ballots cast have been tabulated and the resulting vote for each class designated in the Plan.

5. In the event there is an auction, T-Mobile must approve the bids, and in addition, T-Mobile can participate in the auction. (This is only "IF" an auction takes place)

b. Qualified Bid Requirements. Qualified competing bids from a Bidder: (i) shall be for cash; (ii) shall have no contingencies as to payment at Closing (other than entry of a final order approving the Plan1); (iii) shall be in an amount equal to or greater than KHC’s Initial Bid plus $25,000.00 (iv) shall contain an acknowledgement that any such purchase of the New Interest is subject to the Plan and that the Reorganized Debtor shall be subject to the Plan upon entry of a Confirmation Order, and (v) shall be subject to the written approval or credit bid of T-Mobile USA, Inc., MetroPCS Texas, LLC and MetroPCS Georgia, LLC (the “T-Mobile Group”) (collectively, a “Qualified Bid”).

c. Approval by the T-Mobile Group. On June 20, 2017, the Debtor shall submit all Qualified Bids to the T-Mobile Group. The T-Mobile Group shall have until 12:00 p.m. June 26, 2017 to review and approve or reject the Qualified Bids and shall notify the Debtor of such approval or rejection and/or any credit bid by 1:00 p.m. on June 26, 2017.

d. Notice of Approval. On June 26, 2017 in between the hours of 2:00 p.m. and 5:00 p.m., the Debtor shall provide notice to the Bidders that have been approved by the T-Mobile Group of such approval and/or credit bid (“Qualified Bidders”) and that such Qualified Bidders and the T-Mobile Group may participate in the Auction as defined below.

c. Auction. If the Triggering Event occurs and a Bidder other than KHC submits a Qualified Bid that has been approved by the T-Mobile Group by the requisite deadline, the Debtor shall file a notice of Qualified Bidders scheduling an auction at 2:00 p.m. June 30, 2017 at the office of Jones & Walden, LLC (the “Auction”). The New Interest will be auctioned as single lot. Only Qualified Bidders (i.e. those who have previously submitted a Qualified Bid that has been approved by the T-Mobile Group) and the T-Mobile Group may participate in the Auction. Qualified Bidders and the T-Mobile Group must participate in person at the Auction.

https://cdn.pacermonitor.com/pdfserver/QO6CAOY/71870866/United_Mobile_Solutions_LLC__ganbke-16-62537__0169.0.pdf

(Again the portion about an auction is only "IF" an auction takes place)