INVEST IN GOLD!!!! International Banking
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Beginner trading 101: most market makers do not appear on the bid or ask in any OTC stocks during after hours and yes the weekend is considered after hours. You're welcome ;) You learn something new every day
People keep references December 15th as the closing date which is ridiculous. The official closing date could actually be next week.
Were just waiting on audits folks and if your recall new auditors were retained and contracted at the beginning of October. My guess is things are about wrapped up. ;)
"“Closing Date” means (i) the date which is the third (3rd) Business Day after the first date on which all Closing Conditions have been satisfied or waived pursuant to the terms of Article IV, other than those Closing Conditions which by their terms will be satisfied at the Closing, or (ii) such other date as Talk, Lee and UMS mutually agree upon in writing."
It means nothing watch. The trend will stop when people quit buying up shares and with the current pps that won't happen anytime soon. $16 million in revenues and we are working with a 900k market cap, need I say more? ;)
And the way it goes for company's in regards to valuation. Their marketcap is usually at a minimum of 3x revenue, Ive even witness as high as 100x plus. So multiply your 0.0088 by a minimum of 3x. Anything under 0.01 is a Serious steal.. Needless to say, I have been buying left and right.
Via preferred shares and the transfer of shares from current majority shareholders and holders of debt. As well as the open market exchange which you saw take place. I'm sure you wondered who bought and sold so much out of no where? Just didn't make sense huh?.. Well now it should make perfect sense to you. Take care bud.
UMS a scam? Inc Magazine begs to differ.. UMS is bringing in $16 million plus in revenues.
UMS Mobile ranked 1684 of 5000 fastest growing private companies
http://www.inc.com/profile/united-mobile-solutions
2015 Inc. 5000 Rank
#1684
3-Year Growth
241%
2014 Revenue
$18.8 M
Jobs Added
33
Location
Norcross, GA
Country
United States
Founded
2009
Employees
43
Industry
Telecommunications
Web site
http://unitedmobilesolutions.com
http://www.inc.com/profile/united-mobile-solutions
LOL Oh I am 100% sure! Oh my.. We have a lot to learn about RM, RTO's and just the purchasing of other company's don't we? Did you know when a company purchases another company they must own over 51% of stock to have control? Well just to enlighten you a bit.. Since UMS is taking over the public vehicle "TALK," majority shares of the private co were issued to the public co to put them in control at the same time TALK's executives were replaced with UMS's. I assure you UMS paid a hefty price for this public vehicle IE: TALK. This is how 90% of reverse mergers are done.. Just take a look at any other reverse merger that took place this year and look at the pattern of events..
Again.. Since UMS wants to go public the main company must be the pub co. So the executives from UMS are brought on board at TALK, replacing the current executives.. The pub vehicle is now "The new UMS." IE: making UMS a public company, hence the term reverse take over..
Again.. Take a quick look you'll see UMS's executives have replaced TALK's. Why you may ask? Because TALK was used solely as a vehicle for UMS to go public quickly.. How do I know?? Years of doing reverse mergers..
What will follow next?? Ticker symbol change, etc.. Just watch..
I would be throwing a fit too weeks ago at 0.0001 right before the RM went underway.. Yikes... I'd feel a bit sick..
LOL the stock price is going up... Again nice try though..
Educate yourself on what a reverse merger is.. Big guy takes over little guy.. Here soon TALK will cease to exist and it will solely be UMS. Im done responding to your posts, I'm not here to teach especially when one is closed minded and not willing to listen and rather just troll.
And just a hint... TALK's not paying for anything.. They are solely a public vehicle for UMS to go public with.
"How does TALK expect to pay for this deal when all I keep seeing is more and more shares hitting the streets at cheaper and cheaper conversion prices.
During the period from May 31, 2015 through June 30, 2015 the Company issued 383,804,880 shares of common stock at $0.00006 with a value of 18,228 for convertible debt."
http://ih.advfn.com/p.php?pid=nmona&article=68292437
At the current conversion price of .00006, it doesn't take a rocket scientist to figure out they would have to issue billions of new shares in order to pay for this transaction. "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117322960
Still mad you sold your shares at 0.0001 I see.. ;) If anyone listened to you, well.. They'd be in the same boat as you. ;)
How did your prediction work from September? Are we at no bid or 52 week highs? LOLOLOL Again nice try though.. ;)
Time Stamp: Monday, 09/28/15 11:15:31 PM
"Nope, I got out in June before it went no bid. Congrats to those who got out today on the 2's. If history is any kind of guide, then I would expect you'll be seeing the 1's again real soon. Good luck to all."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117322733
That's not a similar agreement.. Nice try though..;)lol
What's going on right now is an RTO with TALK and UMS. What you are referring to is a mealiness transaction with one of TALK's subsidiaries. The mealiness deal you are referring to was pushed out as I informed you thirty minutes ago to remove the liabilities. Its all part of UMS's reverse merge/ taking over.
Of course that deal with TALK's subsidiary was thrown out. Its all part of the RTO with UMS. UMS has taken over so they're cleaning up all the little liabilities.
Half of these people seem to think it's an LOI lol, they'll be wonder what the hell happened when the stock price explodes.
So why hasn't TALK soared to 0.01 plus yet with relentless institutional purchases yet? Simple.. Its easier to buy up the float in the triple zeros.. Just wait and see.. TALK is going to explode very soon.. ;)
That's what I thought.. See you at a penny! =]
"OTCQB price requirement... minimum PPS 0.01 for 30 days..."
Also another thing to consider is UMS may meet the requirements for the QX or even the NASDAQ.. ;)
With audited financials being part of the terms. We can only assume so since audited financial statements are a requirement of the OTCQB and higher market tiers and not of the PKs.
I'll tell you this, while a lot of retailers are wondering whats going on.. Real money is scooping up shares for as cheap as possible, however as we approach the 15th you'll see less games and more relentless buying taking place. The triple zero's have been fun but we all knew they wouldn't last. Once the float has been seriously locked TALK is going to break out hard and will more then likely be the biggest mover of the year on the OTC aside for a couple FDA plays.
December 15th is the deadline for the audits or the last day to back out which would have to be mutually agreed upon by both parties, what people don't realize is the merger is already completed behind the scenes. Tons of money and time have already been put into this so far giving they have already filed the 8-k. The restructuring has been done, attorneys have been paid for their time on the long negotiations and they have already filed the proper 8-K. Not to mention new auditors have also been retained to conduct the audits. No additional filings are needed, the audit are part of the terms, so I can assume they are looking for an up-listing to the OTCQB or higher. Last time I checked isn't there a minimum of 0.01 pps requirement for QB company's now?
Not to mention I came across this.....
Recent Timeline Activity.. Acquisition complete?
https://www.crunchbase.com/organization/united-mobile-solutions#/entity
They may have filed for BK in 2009 just like many other company's during the recession. The question is what happened to them after?? I'll tell you, last year they brought in $16 million. Not to bad right?
Oh I hear you.. It would be such a devastation if they had another $1million decline in revenue and were only making $15 million per annuam.. That would just be awful, given the current SS we'd only be fair valued at 0.024 plus? What a shame... Uh oh Im out on that note.. To much risk down here in the trips which you consider your point of view there. Thanks again Scott12!!
The issuance for the merger has already taken place ;) So it is very unlikely they will under go another restructuring. Ive been a part of a lot of reverse mergers and I will say this. The fact that the attorneys have already negotiated and come to terms, then put together and filed and 8-k to announce the merger has already been very costly and time consuming thus far behind the scenes pre 8-k. Also the old PCAOB accountants were fired and a new Reputable firm has been pout in their place. CPA's get paid cash and require retainers. For SEC purposes the audits must be done before "Official," but lets face it, at this stage there is less then a 5% chance this deal falls through.
Oh yeah because $16 million in revenue makes them extremely tight on cash. How on earth will they move forward with anything? I see your point now, what was I thinking for purchasing shares here? You're completely right, if a company is not making $100 million in revenues then there is no way they can survive anything.
I did and I continue to do so, you are like a broken record. You ignore all facts which are present and repeat the same meaningless posts over and over. Its easy to see, click on your name a look at your recent posts. ;)
I don't know if you know this but sub dealers whom are contracted are not considered employees. In regards to a direct employee count its some where in the ball park of 20-49 according to a google search I did. I'm not sure of the exact number. Regardless I know Digg has 11 direct employees and is worth an estimated $160 million plus. I hope this helps to answer your question.
Dedicated wireless equipment distributor and service provider with a device distribution network of sub-dealers – including kiosks, stores and franchised outlets. Through its value added approach, UMS’s sub-dealer network has quickly expanded to over 1,600 outlets across the Southeastern United States.
LOL and what is set fourth below?? Read my friend, read.. The answer lies below just as stated.. You are really trying though huh? Hint Hint.. SCROLL DOWN.. ;)
See Page 26 http://ih.advfn.com/p.php?pid=nmona&article=68672098
I copied and pasted it here in case you're having trouble which it appears you are.
Exhibit 5.12. UMS has no employees except as set forth below:
Exhibit 5.17 A complete and accurate description of each lease of material tangible personal property used by UMS in the operation of the Business is set forth below:
26
iTalk to Acquire United Mobile Solutions Corp., Wireless Equipment Distributor & Technology Services Provider
Delray Beach, Florida, September 28, 2015 - iTalk Inc. (OTCQB: TALK) (“iTalk”), a global provider of advanced communications and mobile broadband services, is pleased to announce that it has executed a Purchase and Sale Agreement to acquire United Mobile Solutions Corp. (“UMS”).
UMS, with $16 million in annual revenue, is a value added master dealer distributor, dedicated wireless equipment distributor and service provider with a device distribution network of sub-dealers – including kiosks, stores and franchised outlets. Through its value added approach, UMS’s sub-dealer network has quickly expanded to over 1,600 outlets across the Southeastern United States. UMS’s services include streamlined inventory management; back-end expertise to ensure and manage quality control fulfillment and reverse logistics operations dealership management; and simplified wireless payment processing enablement services to the wireless industry and a wide inventory of cellular phones with immediate availability.
UMS is a holding company with several subsidiaries: International Touch Point, LLC (“ITP”), United Prepaid, LLC (“United Prepaid”) and United Mobile Solutions, LLC d/b/a CPD MOBILE. ITP was formed in 2014 to provide refurbishment and quality control operation in Dallas, TX. Refurbishment offers the opportunity to develop gross margins in excess of 30%, while providing an additional inventory flow for UMS and its family of companies. ITP is able to handle simple projects from cosmetic refurbishment all the way to the complex level 3 circuit board repairs in large volumes. United Prepaid was formed in 2006 as an exclusive distributor of prepaid cellular phones and airtime in the state of South Carolina for a mobile virtual network operator. With an aptitude to capitalize the existing reseller network, the business soon evolved into a dealer services business model where the company began to enable retailers to accept cellular prepaid payments through a dedicated terminal system. In less than three short years, the business grew to over 900 active locations, grossing $30 million annually. United Prepaid still supports the customers in this network. The active relationships through the dedicated terminal systems positions the company to quickly deploy new services and give access to thousands of locations both directly and indirectly.
David F. Levy, iTalk’s Chief Executive Officer, stated: “The UMS acquisition will give iTalk the ability to expand the iTalk products family into the full wireless segment, such as our subsidiary WQN’s global calling services, along with our data wireless devices, by integrating them with UMS’s strong marketing and distribution services network. We plan to execute an aggressive growth strategy to leverage their product offerings, customer base and backend process capabilities with our cutting edge smartphone apps and VoIP technologies. This will provide WQN the opportunity to acquire new customers and maximize potential revenue.”
Mr. Levy concluded, “David Lee, President of UMS, is a business leader that brings extensive leadership and expertize in the wireless technology, marketing and services to iTalk. He will continue in his role as President of UMS, overseeing the overall management and growth of iTalk. The iTalk team and I personally look forward to working closely with him and his team to further build shareholder value.”
Mr. Lee stated, “David Levy’s leadership as CEO is valuable as he will guide the organization through the corporate strategies available to us, as we continue to execute on our aggressive growth plans. David Levy adds a valuable perspective to UMS’s management team by bringing years of corporate leadership and we look forward to the partnership in becoming an industry leader in the technology driven wireless industry. Mr. Levy’s experience in the industry will be valuable as we innovate the offerings the combined companies will be able to provide to the mobile marketplace.”
About iTalk
iTalk is a mobile communications company using innovative and disruptive technologies to offer consumers a high quality cellular alternative while severely undercutting all major national carriers. Our lead product is the iTalk Sleeve, which when combined with an iPod Touch, our iTalk mobile app, and our aggressive pricing plans, provides consumers with a No Contract, High Voice Quality, and Lowest Price in the industry alternative to traditional cellular coverage. We will continue to search out and develop innovate products and services that will reduce consumers’ monthly voice and data charges while providing them with additional functionality. Through our access to an extensive network, we are able to offer nationwide voice and data coverage to 280 million people in more than 12,900 cities.
About United Mobile Solutions
United Mobile Solutions (UMS) is a rapidly growing distributor and service provider that serves the wireless industry with a comprehensive portfolio of solutions from logistics to payment processing and voice/data plans. The company has focused on the fast growing pre-paid part of the overall wireless market, where consumers drive strong demands for mobile devices and phone service at affordable pricing. UMS was formed in 2009 to act as master dealer and create a distribution network of sub-dealers - including kiosks, stores and franchised outlets. The sub-dealer network quickly expanded to over 1,600 outlets in the U.S., when UMS began to distribute mobile phones in 2010 - a number that we expect will exceed 7,500 outlets in 2016. Company growth has led to new service areas, including wireless payment processing, enterprise sales to regional carriers, reverse logistics operations and dealership management. UMS has made significant investments to provide high quality fulfillment and logistics services, and the skilled staffing to support them - distinguishing them from the competition - and opening up new opportunities in the ever changing wireless markets. UMS employs more than 50 people and is based in Norcross, GA with operations and sales offices in Texas and Florida, with planned expansion throughout the United States.
Same here actually, taking another look at the 8-k and researching employees, subsidiaries and their sheer reach just confirms what I already knew.
That 8-k speaks volume alone. We will be moving up without news headed into Christmas just watch.. 500k market cap and $16 million in revenues???? See you at 0.01-05 plus! ;)
Ding ding ding.. Let the trading begin!
He just makes it up and re-post's it over and over again so it must be true right? lol
I don't know if you know this but sub dealers whom are contracted are not considered employees. In regards to a direct employee count its some where in the ball park of 20-49. I'm not sure of the exact number. I know Digg has 11 direct employees and is worth an estimated $160 million plus. I hope this helps to answer your question.
Dedicated wireless equipment distributor and service provider with a device distribution network of sub-dealers – including kiosks, stores and franchised outlets. Through its value added approach, UMS’s sub-dealer network has quickly expanded to over 1,600 outlets across the Southeastern United States.
UMS, with $16 million in annual revenue, is a value added master dealer distributor, dedicated wireless equipment distributor and service provider with a device distribution network of sub-dealers – including kiosks, stores and franchised outlets. Through its value added approach, UMS’s sub-dealer network has quickly expanded to over 1,600 outlets across the Southeastern United States. UMS’s services include streamlined inventory management; back-end expertise to ensure and manage quality control fulfillment and reverse logistics operations dealership management; and simplified wireless payment processing enablement services to the wireless industry and a wide inventory of cellular phones with immediate availability.
UMS is a holding company with several subsidiaries: International Touch Point, LLC (“ITP”), United Prepaid, LLC (“United Prepaid”) and United Mobile Solutions, LLC d/b/a CPD MOBILE. ITP was formed in 2014 to provide refurbishment and quality control operation in Dallas, TX. Refurbishment offers the opportunity to develop gross margins in excess of 30%, while providing an additional inventory flow for UMS and its family of companies. ITP is able to handle simple projects from cosmetic refurbishment all the way to the complex level 3 circuit board repairs in large volumes. United Prepaid was formed in 2006 as an exclusive distributor of prepaid cellular phones and airtime in the state of South Carolina for a mobile virtual network operator. With an aptitude to capitalize the existing reseller network, the business soon evolved into a dealer services business model where the company began to enable retailers to accept cellular prepaid payments through a dedicated terminal system. In less than three short years, the business grew to over 900 active locations, grossing $30 million annually. United Prepaid still supports the customers in this network. The active relationships through the dedicated terminal systems positions the company to quickly deploy new services and give access to thousands of locations both directly and indirectly.
LOL nice try.. I take it that is not a serious post.. Regardless do me a favor, go on OtcMarkets.com, put the ticker symbol "TALK," into the search box and let me know what the current stock price is. Then talk to us about how you think they're only earning $16 million per year when you think they should be earning $17 million plus to be an attractive opportunity.
Yes, I factored everything that was available. Once we get the audits done we can get a much more accurate pps estimate.
Quick Math... Where should the stock price be you ask?
Outstanding Shares 1,808,001,287
Revenues $16,000,000
Company sale value??? Lets go on the low side here at 3x times earnings..
$16,000,000
x 3
-------------
$48,000,000
$48,000,000
/
1,808,001,287
-----------------
0.0265 per share
So needless to say anything under 0.02 is considered extremely cheap considering the above math. If you factor revenue multiples of 10x then we are just over 0.10 per share.
UMS, with $16 million in annual revenue, is a value added master dealer distributor, dedicated wireless equipment distributor and service provider with a device distribution network of sub-dealers – including kiosks, stores and franchised outlets. Through its value added approach, UMS’s sub-dealer network has quickly expanded to over 1,600 outlets across the Southeastern United States. UMS’s services include streamlined inventory management; back-end expertise to ensure and manage quality control fulfillment and reverse logistics operations dealership management; and simplified wireless payment processing enablement services to the wireless industry and a wide inventory of cellular phones with immediate availability.
Ive been involved with several mergers and I will say this once only once, this is going to be huge, hell it's already huge.. I see people posting oh its not completed yet, yada yada yada, let them think that.. Ive swallowed up some shares while laughing at those posts.... Security attorneys are expensive, not to mention the amount of time invested in this merger before the 8-k was even released.. New pcaob accountant firm already in place, just waiting on the audits which are being done as we speak.. Is there a possibility it could fall through? Yes anything can happen but from my experience that likely hood at this stage is around 2-5%.. Needless to say I like those odds...
Back up we go, slowly but surely!
Nice pop this morning! It really shows how thin ELED is, a little news and buying pressure and it will run hard.
Exactly! We could easily see 0.10 plus at the whim of an announcement........ Look at the chart, you'll see ELED was at 0.75 pre merger in 2013/2014