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Florida filing where iTALK Lease Managements name was changed to UMS LLC in May 2017.
Both iTALK Inc and Lee were listed as Managers.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2017%5C0605%5C99634690.Tif&documentNumber=L16000118869
Still here as well. Waiting it out.
2nd Quarter...any day now.
Involving + Regarding = Revolving
Don't know. Haven't seen a filing of them recently.
Bankruptcies are complicated. Lets hope it works out in our favor.
Agree. I believe it will work out as well. Just my opinion of course.
Exactly beer... I got the impression this was being done because the judge is sick of the delays in the case and the changes being made. So she's basically saying tell me the reason you're doing what you're doing why you're doing it and give me all of the details and I will tell you what the cutoff date is for any more changes.
CHAPTER 11 STATUS CONFERENCE CHECKLIST
The Purpose Of The Status Conference:
To review the reasons for the chapter 11 filing
To understand the debtor's assets and liabilities; and
To understand the debtors strategy for exiting chapter 11
Counsel should expect that the Court will generally set deadlines in each case, including deadlines for filing and confirming a plan of reorganization.
Chapter 11 debtors must file a Status Conference Statement at least 7 calendar days in advance of the hearing. The failure to file a timely Status Conference Statement may be cause for conversion or dismissal of a case and for sanctions against counsel.
The Status Conference Statement should discuss the following issues:
Nature of operations and factors leading to bankruptcy filing;
Debtor's attendance at § 341(a) Meeting of Creditors;
Estate's need for professionals (e.g., lawyers, accountants, brokers)
Unique issues regarding secured debt, employees, executory contracts, cash
collateral, existing management and/or equity owners;
Financial results from post-petition operations;
Litigation status;
Compliance with U.S. Trustee's requests (e.g., debtor-in-possession (DIP), Initial Debtor Interview);
An outline of the proposed Chapter 11 plan; and
A proposed deadline for the filing of a plan and disclosure statement and for confirmation.
I believe... And I could be wrong... But T-Mobile wants to be the primary lienholder over ums or the new debtor Foxx in the case where they have to dissolve or file bankruptcy T-Mobile would have priority over the assets.
Hopefully we see those docs today.
The TMo stores were going anyway. Was in the last two disclosures.
UMS was planning to expand using the Metro locations. Without those UMS...Foxx or whatever the Foxx they want to call themselves becomes a non-existent company.
Too much hard work here to throw in the towel.
We'll see what happens over the next couple days...Fri and Monday. Would not surprise me to see something in the next couple days saying they worked it out.
Foxx can't be that stupid.
I was in BB too. But yeah...why would TMobile allow the cash collateral until Oct 31 if they were planning to tear it all down.
It appears there is a tug of war for priority..just guessing...and that TMobile wants Foxx to be a subordinate lien holder.
Probably saying that wrong but essentially TMo wants to be on top.
Right. IMO they are not out because they are not complete and the deal is not yet done or details not worked out.
I think they will work it out. I really do.
I don't think they submitted anything because they are still working on it. I almost expect to see some kind of agreement here this week. Could just be that I had a horrible day so I'm looking for some light at the end of a long dark tunnel.
It does not seem logical that after all this UMS would walk away.
They either work it out or the company is dissolved. No in betweens. I think it will work out.
The fact that we've heard nothing is a good sign IMO. There is no way in hell that UMS is going to go through everything they have in the last two years and then let it implode at the last minute.
I expect the new hearing will be soon. Glad I was busy today so I couldn't suffer through this one.
Integral...how did your meeting go in NY_2mos ago? You were certain they would have shut TALK down by now. Wondering if you can share any of the information you received from your friend.
Nice thorough post DJ.
Not a liar but you have to run an OTC company like an OTC company. People hop in and out of these all the time. Bishop and his no PR policy cause that's just not the way he operates is treating this like its the second coming.
It may end up doing well but it is going to take a while and time I did not plan on spending here...again.
I wanted to take a quick profit and invest the funds back in another stock that is due for a pop this week and has T-Mobile as a partner. But I am stuck here...again. Or I sell at a 50% loss. Ticks me off is all.
Not me my friend. I bought this POS the Friday before the company "promised" the 1st quarter filing would be on time and the stop sign would be gone.
The reality is...it was days late from the NT date and the stop sign is a FN yield sign and the stock dropped immediately and has not gotten close to my BE since. Right now I have no choice but to sit here for weeks again or sell at a loss. There is nothing that is going to move this stock coming that I can see.
Everyone that's invested here wants to see news of substance and the pps increase. This company needs to release a substantial PR and stop with the bullshit videos where Christian smiles at the camera like he's auditioning for a reality show.
Because the "update" said nothing except Christian repeating the word guys over and over. Why bother asking for questions when they keep giving the same bullshit rhetoric...we are grinding guys...we are busy guys...we are excited...GUYS!!!
Well as shareholders we are bored...we are disappointed...we are annoyed.
They better filed their GD 2nd quarter on time the dumbshits or we'll never see that yield sign go away.
What ppl want is a stock that doesn't drop 50% when they invest in it and stay there for weeks and weeks essentially making shareholders stuckholders.
Also...this is the OTC...not the NASDAQ or NYSE. Ppl invest here for QUICK returns. This isn't Apple or Netflix. Its a shitty little company and the only thing it makes is promises it doesn't keep.
Stop telling ppl to be patient. I've been in this stock for two months now and am sitting at a 50% loss. GD POS!
Thanks Curt. 3:30-4pm then.
The pps is waiting for this news to be released publicly. Hoping it is part of the update today.
Agree! Good news coming today. Anyone know when the update will be...hope its during market hours.
This company has zero operations and zero cash. I don't own ICNM anymore but at least they had operations. Has to be Hang that is propping this stock up everyday so it won't fall into trips. Once that happens it will be at no bid before you know it.
Hang criticized Deakin for putting out PRs on immaterial facts and announcing the JV with CSOC to ride their coat tails in order to prop up the pps. Appears he did the same thing here with his news of a merger yet...where is it?
Unfortunately I don't have PM so I can't send you the info. PM me your email address and I will show you my conversation with Richard Hang through Twitter where he called Rob an idiot.
They parted ways a few months ago. Weird...Deakin didn't even think to mention it.
GG Media Network @GGMediaNetwork Follow More
Email your questions into investors@ggmedianetwork.com CEO update tomorrow $AMLH #GGMN
12:30 PM - 1 Aug 2017 from Los Angeles, CA
THAT'S what I want to hear. Update tomorrow_per_CEO.
Quiet period...something is coming!!!
Just hit 24. Keep it moving. #ASKSLAPPING $AMLH
Will hit 3 today...2nd Q due in 2wks.
Nice movement yesterday. Lets keep it going.
No...Foxx is going to pay all of the fees as the new stalking horse bidder. I agree. Looks like an ending in sight that's for sure.
They are still working together and always have been.
Niiiice DJ. Just got home and looked at April. So many bank accounts still in iTALKs name including a new one that says...
iTALK
Kil Won Lee
Thank you for posting those.
LOL... Such a pessimist. I always expect the worst too. That way we'll be gladly surprised when it turns out a lot better than that.