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iTalk, Inc. (TALK)

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Last Post: 8/18/2017 5:36:55 PM - Followers: 399 - Board type: Free - Posts Today: 23

>>>updates:pb1973
 

 

  
 
 

 

 

Wholly owned and indirect subsidiaries
 

United Mobile Solutions
CPD Mobile

United Prepaid LLC.

 



iTalk is a full service solutions provider for the mobility industry, specializing in retail and wholesale distribution, master agent services, as well as providing turn key dealer portal and logistic solutions to our clients. We have positioned ourselves to stay ahead of the evolving mobile technology era through our focus on value added services. Through our extensive offerings, iTalk has set itself apart by implementing innovative solutions to carriers it serves.
iTalk is a proud preferred distribution partner with the fastest growing Post Paid carrier in the nation as well as the number 1 fastest growing Prepaid Carrier in the nation. Through its extensive portfolio of capabilities and talent, iTalk is able to provide a turn key solution for the demands of today’s wireless industry and provide value added solutions to its growing network of resellers and e-commerce driven consumers.
Our foundation is built on a solid distribution network, comprising of various channels enabling us to continue to source and develop innovative products and services while quickly deploying new emerging mobile technologies and brands into the marketplace. iTalk currently employs 30 people and is based in Norcross, GA with operations in San Antonio TX, Dallas TX, the Carolinas, Georgia and Miami Florida, with planned expansion throughout the United States.
   
 

 
 


July 26, 2016 08:30 ET


iTalk, Inc. 2016 Letter to Shareholders


DELRAY BEACH, FL--(Marketwired - Jul 26, 2016) - iTalk, Inc. (OTC PINK: TALK) ("iTalk").

 
Dear Shareholders,

Management wishes to clarify and explain to the iTalk shareholders its decision to file Chapter 11 reorganization of its indirect subsidiary, United Mobile Solutions, LLC. I understand the concerns expressed by our shareholders regarding this action. I want to assure the Company's shareholders that this tactical maneuver, in this context, is a legitimate strategy to recapitalize debt. Chapter 11 is often inaccurately equated to Chapter 7, which administers the liquidation and demise of failed enterprises. On the contrary, Chapter 11 is a reorganization process that permits otherwise viable companies, overburdened with debt and other liabilities, to streamline their operations and continue forward. It is an efficient interim process that provides a period of time for the company to maintain normal operations and, with the assistance of creditors, guide management in decisions to maximize future value.

Our objective, from the outset, was to reinforce the infrastructure of the Company's master dealer business division. This initiative sets the stage for virtually unlimited growth potential and delivery of rapid and tangible results to our carrier partners on a long-term basis; a move that translates directly into value for the Company and investment appreciation for shareholders. To achieve this objective, two hurdles had to be cleared; first, a corporate restructuring to assure adequate and continuing financial resources needed to build our distribution network, and second, deleveraging of the Company's balance sheet by reducing or eliminating debt and liabilities to attract needed equity investment.

iTalk's situation is not unique. The telecommunications industry has experienced a dramatic shakeout within the last decade. Massive investments in network infrastructure, intended to meet a projected demand that never materialized, left many companies with crushing debt and insufficient operating revenues. A wave of bankruptcy reorganizations cleaned up the balance sheets of many companies in the industry, including some of its largest players. Among these are names like Charter Communications, Hawaiian Telecom, Integra Telecom, Teligent, and Cable & Wireless USA. Similar successes have occurred in other industries like manufacturing (General Motors and Chrysler Corporation), transportation (Delta Airlines and US Airways) and entertainment and publishing (Trump Entertainment Resorts and Tribune Group). Over the course of 5 years, a trillion dollars in debt was recapitalized into equity, cash or simply wiped out.

From its inception just a few years ago, United Mobile Solutions LLC ("UMS") experienced remarkable growth and clearly demonstrated its ability to successfully establish and build a thriving wireless distribution network. However, diversification into wholesale device distribution and cellular telephone refurbishment distracted the Company from the focus of doing what it does best. Subsequent closure of these unprofitable divisions refocused the Company in the right direction but left it burdened with debt; frustrating its ability to obtain needed financing to fund high margin retail distribution opportunities.

Unable to obtain adequate debt financing, management decided that it was in the best interest of iTalk's shareholders to pursue a course that would enable the Company to get back on track through equity financing; a far more efficient and economical stratagem. Earlier this year, the iTalk/UMS merger opened the door to access significant equity investment capital through the sale of stock to fund its new retail development strategy as a master dealer working in concert with its carrier partners.

Over the past several months, the merger has been implemented and the Company has constructed a corporate framework to achieve management's vision of building a successful national distribution network. A final step in setting the stage for the remodeled financial platform is the reorganization of the UMS subsidiary under Chapter 11. This exercise will deleverage the Company's balance sheet and secure capital investment to realize its aggressive growth plan. We are confident that this model will prove to be a win-win for all shareholders, partners and stakeholders.

Sincerely,
David F. Levy
Chief Executive Officer
iTalk, Inc.

 
 
 


 

July 11, 2016 09:31 ET


iTalk, Inc. Assumed Three Premium Cellular Branded Retail Stores and Opened Seven Exclusive Branded Prepaid Stores Under Management
 
DELRAY BEACH, FL--(Marketwired - Jul 11, 2016) - iTalk Inc. (OTCQB: TALK) ("iTalk" or the "Company"), a value added distributor and master agent for the wireless industry, is pleased to announce the assumption of three Arkansas high volume branded premium retail stores under its management and seven exclusive branded prepaid stores in Georgia, Texas and the Carolinas.

 
Mr. David Lee, President of iTalk, said, "The transfer of these three premium branded stores in Arkansas to UMS allows for iTalk to continue its organic market expansion plan in a profitable market segment while strengthening its postpaid business. We are also excited to be able to demonstrate our team's ability to deliver excellent customer experience and operational efficiencies through the successful launch of the new prepaid stores."

Mr. David Levy, iTalk's CEO, said, "The branded prepaid cellular program is a new market segment for iTalk. We believe it presents exponential growth opportunities for the Company."
 

                             

  
  \
 
 
Facebook Announcement: September 1, 2016 at 9:29pm 


  
 

Facebook Announcement: September 27th 2016 at 2:37pm

iTalk/UMS' first store in Nashville, TN!! 

Congratulations to the team and on the first sale within the first hour of being opened! Tennesee here we come!

 

 



Facebook Announcement: September 27th 2016 at 12:42pm

ITalk/UMS Store on Satellite Blvd, Duluth GA. Always clean and ready to provide excellent customer experience! 

 

 

Facebook Announcement: September 27th 2016 at 12:24pm

Getting ready to offer customers in Lilburn GA (Burns Rd.) the best Prepaid wireless offerings in the country!
Come see us this weekend! FREE SAMSUNG GALAXY ON5 WHEN YOU SWITCH TO METRO PCS!

 

Facebook Announcement: September 19th 2016 at 11:24pm

Another Gorgeous location in McDonough GA. Can't stop iTalk!
 

Facebook Announcement: September 19th 2016 at 10:05am

Italk Mobility is pleased to announce our brand new mall kiosk in Lubbock Texas!! 

It is now fully open and ready for business!!! We are located right outside the food court with excellent visibility in one of the busiest areas of the only mall in Lubbock. The location is already trending to hit over 100 boxes their first full month!!! Congratulations to the team at our mall location!!!

 

Facebook Announcement: September 19th 2016 at 10:38pm 

UMS/Italk Inc would like to welcome our first of 3 new East Texas locations in Palestine Texas!!! 

UMS/Italk was selected to launch this new market for MetroPCS and we plan on painting the town purple with our excellent customer experience and sales staff!!!

Out new address is Palestine,  2020B Crockett Road, Palestine, TX 75801.  We look forward to this East Texas partnership!!!

 

Facebook post, setting up Kiosks at the mall in Lubbock, TX.

September 5, 2016 at 8:07pm 

 

 

Facebook Announcement: August 26, 2016 at 7:24pm 

UMS a wholly owned subsidiary of Italk Inc. is extremely excited to welcome it's 3 new MetroPCS stores in Laurens, South Carolina, Hendersonville, North Carolina, and Lincolnton, North Carolina.

We are off to a great start!!!

Laurens, SC has been on board for 1 week, and is currently at 78 new activation's for the week, (they are sitting at 17 acts so far today) that's amazing!!!

Hendersonville,NC opened today and had 2 activations right out of the gate ( first happy Metro customer pictured below)!!! Sign spinners are spinning and flyering teams are out all weekend. Lets let them all know the best value in Prepaid has NOW arrived in their towns and cities!!!!

Lincolnton, NC is putting the final touches on their beautiful store, and looking forward to having a great weekend as well! We are new to the area, so lets tell the PURPLE story!! Our sales reps provide the best customer experience in the industry and we look forward to Owning the MILE in these 3 new markets!!

HUGE Thank you to all who contributed both on the UMS team, as well as the Metro team to insure the success of these 3 MetroPCS market launches!!! Stay tuned MUCH MORE TO COME!
 

 
  
 

 
                                                                                                                               

 
DELRAY BEACH, FL--(Marketwired - Jul 26, 2016) - iTalk, Inc. ( OTC PINK : TALK ) ("iTalk"). Dear Shareholders, Management wishes to clarify and explain to the iTalk shareholders its decision to file Chapter 11 reorganization of its indirect subsidiary...
 
7/26/2016 8:30:00 AM
DELRAY BEACH, FL--(Marketwired - Jul 21, 2016) - iTalk, Inc. ( OTCBB : TALK ) ("iTalk") today announced that United Mobile Solutions, LLC ("UMS LLC"), an indirect wholly owned subsidiary of iTalk, has filed a voluntary petition for relief under Chapter 11 of the U.S. Ban...
 
7/21/2016 8:30:00 AM
DELRAY BEACH, FL--(Marketwired - Jul 18, 2016) - iTalk ( OTC PINK : TALK ) (the "Company") today announced that it has entered a definitive agreement to sell its WQN division and related domain for $40,000 in cash, subject to closing adjustments. The sale is subject to c...
 
7/18/2016 8:30:00 AM
DELRAY BEACH, FL--(Marketwired - Jul 11, 2016) - iTalk Inc. ( OTCQB : TALK ) ("iTalk" or the "Company"), a value added distributor and master agent for the wireless industry, is pleased to announce the assumption of three Arkansas high volume branded premium retail store...
 
7/11/2016 9:31:06 AM
DELRAY BEACH, FL--(Marketwired - Jun 8, 2016) -  iTalk Inc. ( OTCQB : TALK ) ("iTalk" or the "Company"), a value added distributor and master agent for the wireless industry, is providing an update to shareholders and the investment community today regarding the progress ...
 
6/8/2016 9:00:00 AM
DELRAY BEACH, FL--(Marketwired - May 6, 2016) -  iTalk Inc. ( OTCQB : TALK ) ("iTalk" or the "Company"), a value added distributor and master agent for the wireless industry, is providing an update to shareholders and the investment community today. Based on recent commun...
 
5/6/2016 9:00:00 AM
FT LAUDERDALE, FL--(Marketwired - Jan 8, 2015) - iTalk, Inc. ( OTCQB : TALK ) today announced is pleased to announce that the company has appointed Mr. Trip Camper as the President of Limestone Energy Holdings Inc., its newly formed energy subsidiary. Trip is a ...
 
1/8/2015 8:00:00 AM
FT LAUDERDALE, FL--(Marketwired - Jan 7, 2015) - ITalk, Inc. ("TALK") today announced that its recently formed subsidiary, Limestone Energy Holdings, Inc. ("Limestone"), has issued a Purchase and Sale Agreement to acquire all of the members interest in Hilliard Bender Ene...
 



 
Form (Filer)  Received  ( Period ) 
SC 13G ITALK INC.(GLASGOW CHARLES W.)   08/17/16 
8-K ITALK INC.  07/21/16 (07/21/16) 
10-Q/A ITALK INC.  07/13/16 (11/30/15) 
8-K ITALK INC.  07/11/16 (07/11/16) 
8-K/A ITALK INC.  07/05/16 (01/29/16) 
8-K ITALK INC.  06/13/16 (06/09/16) 
8-K ITALK INC.  06/08/16 (06/08/16) 
8-K ITALK INC.  05/27/16 (05/27/16) 
10-Q ITALK INC.  05/16/16 (11/30/15) 
8-K ITALK INC.  05/06/16 (05/06/16) 
10-K ITALK INC.  04/15/16 (08/31/15) 
8-K ITALK INC.  03/02/16 (03/02/16) 
8-K ITALK INC.  02/10/16 (02/10/16) 
8-K ITALK INC.  02/02/16 (01/29/16) 
NT 10-K ITALK INC.  11/30/15 (08/31/15) 
8-K ITALK INC.  10/23/15 (10/19/15) 
8-K ITALK INC.  10/13/15 (10/06/15) 
8-K ITALK INC.  09/28/15 (09/24/15) 
10-Q ITALK INC.  08/25/15 (05/31/15) 
NT 10-Q ITALK INC.  07/16/15 (05/31/15) 
 
 
 

 
TALK Security Details
https://www.sec.gov/Archives/edgar/data/1373444/000149315216011508/form10-qa.htm
       
       
As of May 13, 2016, there were 1,875,000,000 shares of registrant’s common stock outstanding.


Common stock, $0.001 par value 1,875,000,000 shares authorized; 1,875,000,000 and 1,808,001,287 shares issued and outstanding as of November 30, 2015 and August 31, 2015, respectively



***NV SOS Filings*** Click Here
No Par Share Count:   0 Capital Amount:   $ 1,875,000.00
Par Share Count:   1,875,000,000.00 Par Share Value:   $ 0.001


Share Structure from http://www.otcmarkets.com
Authorized Shares 1,875,000,000 a/o Sep 23, 2016
Outstanding Shares 1,875,000,000 a/o Sep 23, 2016
  -Restricted Not Available
  -Unrestricted Not Available
  Held at DTC Not Available
  Float Not Available
  Par Value Not Available
Transfer Agent(s) Verified by Transfer Agent
Reporting Status U.S. Reporting: SEC Reporting
Audited Financials Audited
Latest Report Nov 30, 2015 10-Q
CIK 0001373444
Fiscal Year End 12/31
OTC Marketplace OTC Pink Limited


 
Kil W. Lee's Preferred Shares, President of iTalk

https://www.sec.gov/Archives/edgar/data/1373444/000149315216007096/form8-k.htm

The disclosure in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item. Pursuant to the terms of the Purchase Agreement described in Item 2.01 of this report, on January 29, 2016, the Company issued 106,250 shares of Preferred Stock of the Company to Kil W. Lee (“Mr. Lee”) and/or his affiliates, convertible into 10,625,000,000 shares of Common Stock of the Company (where each share of Preferred Stock is convertible into 100,000 shares of Common Stock) in connection with the Exchange.

The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), for the issuance of the Preferred Stock to Mr. Lee, pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder because, among other things, the transactions did not involve a public offering, Mr. Lee acquired the securities for investment and not resale, and we took appropriate measures to restrict the transfer of the securities.



David Levy, CEO and Chairman of iTalk in regards to the Preferred Stock restrictions.  

"the hold period for the insiders are 1 year in addition to rule 144 "

"it is one year restriction and 144 rule after that."

"UMS shares are inside shares.different rule. and can only be sold by a % of average shares traded monthly"


Rule 144
https://www.sec.gov/investor/pubs/rule144.htm ;

Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being soldor if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.


Rule 506 of Regulation D

Rule 506 of Regulation D is considered a "safe harbor" for the private offering exemption ofSection 4(a)(2) of the Securities Act. Companies relying on the Rule 506 exemption can raise an unlimited amount of money. There are actually two distinct exemptions that fall under Rule 506. 

Under Rule 506(b), a company can be assured it is within the Section 4(a)(2) exemption by satisfying the following standards:

The company cannot use general solicitation or advertising to market the securities;
The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchases. Unlike Rule 505, all non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;
Companies must decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. But companies must give non-accredited investors disclosure documents that are generally the same as those used in registered offerings. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well;
The company must be available to answer questions by prospective purchasers; and
Financial statement requirements are the same as for Rule 505.

Under Rule 506(c), a company can broadly solicit and generally advertise the offering, but still be deemed to be undertaking a private offering within Section 4(a)(2) if:

The investors in the offering are all accredited investors; and
The company has taken reasonable steps to verify that its investors are accredited investors, which could include reviewing documentation, such as W-2s, tax returns, bank and brokerage statements, credit reports and the like.

Purchasers of securities offered pursuant to Rule 506 receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them.

Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what is known as a "Form D" electronically with the SEC after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s promoters, executive officers and directors, and some details about the offering, but contains little other information about the company.  If you are thinking about investing in a Regulation D offering, you should obtain a copy of the company’s Form D available from theEDGAR database.

You should always check with your state securities regulator to see if it has more information about the company and the people behind it. Be sure to ask whether your state regulator has cleared the offering for sale in your state. You can get the address and telephone number for your state securities regulator by calling the North American Securities Administrators Association at (202) 737-0900 or by visiting its website. You’ll also find this information in the state government section of your local phone book.

For more information about the SEC’s registration requirements and common exemptions for small businesses raising capital, read our brochure, Small Business & the SEC.  For more information about Regulation D offerings as an investor, see our Investor Bulletin.


 
Service Providers
Accounting/Auditing Firm
D. Brooks and Associates CPA's, P.A.
319 Clematis Street
Suite 318
West Palm Beach, FL, 33401
United States

 
Legal Counsel
Legal & Compliance, LLC
330 Clematis St.
Suite 217
West Palm Beach, FL, 33401
United States

Quick Law Group PC
900 West Pearl St.
Suite 300
Boulder, CO, 80302
United States

 

Transfer Agent

VStock Transfer LLC

18 Lafayette Place
Woodmere, NY 11598
212-828-8436
http://www.vstocktransfer.com

Seth Farbman
seth@vstocktransfer.com
+12128288436

Shay Galam
shay@vstocktransfer.com

Allison Niccolls
allison@vstocktransfer.com
212-828-8436


Management Information

 

David F. Levy


Chairman and CEO

Mr. Levy boasts lifelong success as a technology executive, entrepreneur, and business-builder.

Under Mr. Levy’s leadership iTalk, Inc. (TALK.OB) a publicly traded OTCBB company has placed itself as an state of the art innovative Wireless Technology Value Added Reseller (VAR) formed to develop and launch new technology and products in the global communications market.

The company provides wholesale and retail telecommunications services, and products worldwide. From May 2004 to Feb 2012, Mr. Levy was the founder, Chairman and CEO of Inzon Corporation, an OTCBB Listed Nevada Corporation with its headquarters in Delray Beach, FL, a Voice Over Internet Protocol (“VoIP”) technology company providing complete voice, fax, data and conference call services on an ASP platform utilizing its own worldwide hybrid VoIP/TDM network.

Prior to that, Mr. Levy was the President of GlobalNet Corp., a publicly traded (GLBT.OB) Nevada leading VoIP telecommunication Company. Mr. Levy was the founder and Chairman/Chief Executive Officer of Vox2 Healthcare L.L.C., a healthcare technology startup based in Deerfield Beach, Florida operating in the area of infrastructure and integration of broadband services via state-of-the-art satellite technology.

Prior to that, Mr. Levy was the Founder, Chairman and CEO of SubMicron Systems Corporation, a NASDAQ-listed, worldwide technology leader in the design and manufacture of production systems for semiconductor wafers and integrated circuits. In his stewardship of SubMicron from Oct 1988 until his retirement in May 1997, Mr. Levy built Submicron into a $176 million global business entity, ranking fourth largest in its industry segment.

Mr. Levy is listed in Who’s Who in the Midwest, Who’s Who in Leading American Executives, Who’s Who Registry Platinum Edition and Who’s Who Registry of Global Business Leaders. In 1992, Mr. Levy was accorded the Entrepreneur of the Year Award, Atlantic Division, an annual honor organized by Inc. magazine, Merrill Lynch and the accounting firm of Ernst & Young.

Mr. Levy holds a BSME degree from Pontificia Universidade Catholica, Rio de Janeiro, Brazil (March 1969), a MBA from John F. Kennedy University, Orinda, California (March 1979) and a Florida Real Estate Sales License in Dec 2010 along with BPOR Certification in June 2012.


 
 

Richard Dea

CFO, Treasurer and Director

Richard brings over 25 years of diverse financial accounting, systems and regulatory experience working directly with the world’s leading telecom organizations. He has consulted on rate structures, billing and financial reporting for AT&T, British Telecom, France Telecom, Hughes Communications, PanAmSat, and Retevision.

Richard was responsible for leading the design and development efforts for implementation of U.S. ommunications Taxation Policies and related Billing System Enhancements for the North American subsidaries of British Telecom and France Telecom. Richard has been married to Lyn Dea for 40 years.40 years.

Mr. Dea, joined inZon Corporation on July 1, 2004, bringing over 25 years of diverse financial accounting, systems and regulatory experience working directly with the world’s leading telecom organizations. From April 1990 to the present, he has served as president of SAE Group of Delray Beach, Florida, a company that develops software in connection with satellite operations.

Mr. Dea began his career with Price Waterhouse where he served on the audit and tax staffs before focusing primarily on financial management and financial related litigation support in the Management Consulting Division (senior manager-in-charge). Mr. Dea holds a BS degree in Accounting from Florida State University.


 
 

David K. Lee

President

David K. Lee has over a decade of wireless industry experience with a proven track record of success.

Following initial sales experience with a regional wireless wholesaler and then an MVNO – David has built
one of the fastest growing distribution markets in the US. In 2007, he established a prepaid payment terminal business that grew to 1,000 stores with annual revenues of more than $30 Million.

In 2009, David Launched Cell Phone Depot, later to be renamed CPD Mobile. David began to strengthen the company to separate itself from competition and remain relevant in the industry by capitalizing on a high rate of acquisitions expanding the company’s overarching capabilities. David has since become a wholesale Master Dealer for TMobile U.S.A. and within only a few short years has taken the company to become top ten master dealers in the nation.


 





 


iTalk Mobility's Mission Statement

Create a financially self-sustainable company through organic growth and strategic acquisitions. iTalk will make acquisitions to accelerate growth by identifying and then acquiring well-managed companies with strong customer bases and solid financials. These strategic acquisitions will enable iTalk to grow rapidly, and allow it to market its innovative products and services to the newly acquired customers. iTalk fully expects to market its products to the 200 million users that have recently purchased iPod’s, iPad’s and iPhones. iTalk is spearheading a wireless revolution to lower consumer’s monthly cellular and internet bills. iTalk’s long-term strategies and short-term actions are molded by a set of core values that are shared by each employee. iTalk will deliver operational excellence in order to meet and exceed its commitments to both its customers and its shareholders.

iTalk is guided by the relentless focus on five imperatives and will constantly strive to implement the critical initiatives to achieve their vision.

* Continuously develop and acquire new products in order to grow rapidly and to fulfill our customers’ needs.

* Grow organically through direct online sales, and through the development of wholesale distribution, both domestically and globally.


* Make strategic acquisitions and market to the newly acquired customer base to accelerate our growth.

* Make our customer the top priority, through great service, affordable prices, innovative products and services and accessible customer support.

* Deliver maximum shareholder value and avoid shareholder dilution.
 


 

Chapter 11 Bankruptcy Reorginization

iTalk's 
indirect subsidiary CPD Mobile


Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy 

Full list of creditors contained in the link below. 


http://ia601501.us.archive.org/21/items/gov.uscourts.ganb.1074643/gov.uscourts.ganb.1074643.1.0.pdf


Bankruptcy Chapter 11 court updates - Pacer Updates: 

https://www.pacermonitor.com/public/case/15273408/United_Mobile_Solutions,_LLC

 

***UMS,LLC ONLY****
Income Worksheet for July 2017
TALK/
UMS generates an average of $193,700.00 in revenues each month. On the Petition Date, Debtor had approximately $87,867.00 in available cash. All of this before the addition of the recent new stores! 

07/20/2016 6 
(7 pgs) Emergency Motion to Approve Use of Cash Collateral filed by Cameron M. McCord on behalf of United Mobile Solutions, LLC. (McCord, Cameron) 


http://ia801501.us.archive.org/21/items/gov.uscourts.ganb.1074643/gov.uscourts.ganb.1074643.6.0.pdf 


Exhibit “B” 
Monthly Budget 
Revenue 
Terminal $ 23,000 
T-Mobile $ 122,700 
Metro $ 48,000 
$193,700 

Expenses 
Payroll $125,354 
Rent + Utilities $ 17,991 
Insurance $ 5,164 
Lubbock Payroll $ 17,000 
UST Fees $ 1,219 
$166,727 
Net Income $ 26,973

 

Four month ongoing budget to February 2017
***UMS,LLC ONLY****
Average $7.8 million in revenue per year from bankruptcy court.

thanks STCC for the doc. 

 

September 2016 Operational Report from Pacer for
***UMS,LLC ONLY**** 


September report only there are two other reports for July and August.

https://www.pacermonitor.com/view/TVOQZXA/United_Mobile_Solutions_LLC__ganbke-16-62537__0098.0.pdf 
 

 

December 2016 Chapter 11 Plan and Disclosure,
DJpele provided links... 



 


 

     

 
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PostSubject
#79022  Sticky Note Here is the court doc from today, its pb1973 08/14/17 08:49:22 PM
#70153  Sticky Note The issue is TALK claimed to acquire UMS malc stone 01/29/17 07:28:00 PM
#21869  Sticky Note BOARD WARNING: Please Read before making another post IH Admin [Shelly] 01/16/16 01:40:04 PM
#79136   I'm ready for some kind of awakening here...rude MJAM2020 08/18/17 05:36:55 PM
#79135   Ah ok prob phone issue..thx MJAM2020 08/18/17 05:28:37 PM
#79134   I have both FB & Twitter up An bears3434 08/18/17 05:12:06 PM
#79132   Uh huh. Prepare for a rude awakening malc stone 08/18/17 04:38:07 PM
#79131   Nah..not worried at all about that..filings can be MJAM2020 08/18/17 03:48:22 PM
#79130   if they didn't pay up and renew maybe Scott12 08/18/17 03:37:23 PM
#79129   No i believe it might have been necessary MJAM2020 08/18/17 02:24:23 PM
#79128   My point was that until exiting ch.11, there Tesla_se 08/18/17 01:50:28 PM
#79127   Many more still here that have gone as beer$$money 08/18/17 11:39:58 AM
#79126   Two separate items for Foxx: pb1973 08/18/17 11:18:37 AM
#79125   Why is there another court date Tesla_se 08/18/17 10:35:59 AM
#79124   Yep will see it through Eng62 08/18/17 09:58:51 AM
#79123   Most ALL Playes still here A Year Later bears3434 08/18/17 09:58:06 AM
#79122   Thank u hopefully court documentation is enough for some. Eng62 08/18/17 09:54:43 AM
#79121   It was approved. Look at the last filing. wilma6311 08/18/17 09:38:12 AM
#79120   The financing was approved. See the top sticky. $Talk$ AbleBody77 08/18/17 09:35:27 AM
#79119   It isn't approved yet Tesla_se 08/18/17 09:28:37 AM
#79118   Maybe try first with your debt amount. It's Eng62 08/18/17 09:13:28 AM
#79117   That's actually not true at all. The Foxx wilma6311 08/18/17 09:08:28 AM
#79116   Can't spend during ch.11 for website as it Tesla_se 08/18/17 08:17:39 AM
#79115   italkmobility.com Updated 35 days ago wilma6311 08/18/17 08:10:01 AM
#79114   There is $687k remaining that has not been pb1973 08/18/17 12:43:04 AM
#79113   I noticed and its active and blank... perhaps pb1973 08/17/17 11:08:25 PM
#79112   Interesting the italk website is now blank. Was AbleBody77 08/17/17 10:58:54 PM
#79111   Registrant Contact Tesla_se 08/17/17 09:16:41 PM
#79108   Me neither. Just trying to keep the malc stone 08/17/17 05:13:10 PM
#79107   It's all good. Not losing any sleep over it. Pugilista 08/17/17 05:09:30 PM
#79106   That figure is way off. Please refer malc stone 08/17/17 04:46:10 PM
#79105   Good ole reliable msg. Boards huh? Pugilista 08/17/17 04:00:30 PM
#79104   ? RYJO 08/17/17 02:28:42 PM
#79102   Good job ablebody77 Tesla_se 08/17/17 12:56:59 PM
#79101   TALK is a dark filer with millions in AbleBody77 08/17/17 12:31:41 PM
#79100   And that's proof of downward price manipulation Tesla_se 08/17/17 12:16:51 PM
#79099   Of course. TALK is a dark filer malc stone 08/17/17 12:13:12 PM
#79097   TALK ticker symbol alone is worth millions in 1manband 08/17/17 12:07:55 PM
#79096   TALK ticker symbol alone is worth millions in Tesla_se 08/17/17 12:04:29 PM
#79095   Yes. Access to public market dollars for growth. Jmo. AbleBody77 08/17/17 12:04:10 PM
#79094   will it still benefit UMS to go TALK? 1manband 08/17/17 11:48:30 AM
#79093   this is really my biggest concern - will paxgarmana 08/17/17 11:43:58 AM
#79090   That's possible, it would be hard to imagine AbleBody77 08/17/17 11:04:50 AM
#79089   Great find PB. This is really shaping malibu4u 08/17/17 10:52:51 AM
#79088   My guess is Levy and Dea will be Scott12 08/17/17 10:39:44 AM
#79087   Splendid!! $Talk$ eom. AbleBody77 08/17/17 10:34:25 AM
#79086   THats what I wud assume as well.... bears3434 08/17/17 10:28:38 AM
#79085   Right below T-Mobile & right above Foxx. Same beer$$money 08/17/17 10:25:57 AM
#79084   That final financing approval/decree from the magistrate could AbleBody77 08/17/17 10:23:13 AM
#79083   Waiting on hearing dates sucks.......but in due time 2stubborn2quit 08/17/17 09:25:33 AM
#79082   I concur....those of us who have held on 2stubborn2quit 08/16/17 06:38:14 PM
#79081   I hope so but I have no idea wilma6311 08/16/17 05:21:31 PM
#79080   I really believe that could happen..I know there MJAM2020 08/16/17 05:02:35 PM
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