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I think that's Kool-Aid and naw this thing is done, stick a fork in it.
Same story as every other sorry stinky pinky. Just one document away from kaboom!
The anticipation is already priced in, now all that's left is the let down and this stock collapsing from its immense fail.
It's impossible to stop something that has already stopped itself...
Nah bogus news, company is heavily under water, no where to go but back down into the abyss from which it crawled out of.
Great point!
Volume drying up.
Soon this will go back to .0001.
This $100,000,000 is coming from?
The information I have provided is from their own 8K.
For a short to have meaning, it would imply that whomever executed the short was unable to cover their short. Which would require them to purchase all of the shares they were short back at market value. If the shares above happen to be thin, it can move relatively quickly.
This company just saw 1.5B shares or $260,000+ of shares hit the market for their merger with UMS? 10M shorted shares is less than 1% of the newly issued shares. It for all intensive purposes is meaningless.
They have no money to negotiate a deal?
How are they going to merge with a company when they cannot even manage their own finances?
Their revenue stream is non-existent and there is nothing that TALK brings to the table that warrants a massive price spike.
The company is heading for delisting.
The Company also released 1,691,251,833 shares of common stock into the market on August 31st, 2015 for a grand total of $260,966. and another 5,500,000 for $5,500.
During the year ended August 31, 2015 the Company issued 1,691,251,833 shares of common stock for the conversion of convertible debt with a value of $260,966.
During the year ended August 31, 2015 the Company issued 5,500,000 shares of common stock for service valued at $5,500
That argument is used on every defunct security. The short in January was for 10m shares and was covered the next day.
Proof----> http://www.otcmarkets.com/stock/TALK/short-sales
Here are some, if not all, of the important bits of detail when considering trading/buying this security.
In their report included in the financial section of this report, our independent registered public accounting firm stated that our consolidated financial statements for the year ended August 31, 2015 were prepared assuming that we would continue as a going concern. However, they expressed substantial doubt about our ability to do so. The Company has experienced an accumulated deficit of $5,579,667 as of August 31, 2015, including a net loss of $1,285,046 for the year ended August 31, 2015. We also had a working capital deficit of $2,532,271 at August 31, 2015 and cash on hand of $14,601.
Valid points!!!
IKR, like there are huge investment banks just waiting to gobble up 'cheap' shares. as if 1/5th of a penny with a market cap under $5M is just 'too' big of a bite and so taking small $34 and $1500 (buy/sell) nibbles is the better option.
Caveat Emptor all, the, way.
2,031,209 shares sold.
1,883,217 shares bought.
Red wins.
Lots of selling going on, averaging volume against the pps puts it at about $10,068.06 for the session.
Looks like manipulators are moving out of the stock now that the spotlight has been shined.
What else can they provide, discounted equipment to 'large' providers? No one would take it as they have direct supply chains from the producers.
Oh wait, you might respond back that they are not doing that either.
So then what are they?
A telecommunications provider?
A general discount service provider? (using who's infrastructure would be the next question)
A supplier?
What are they then?
You people are evidently oblivious as to how real companies and business in general works.
There is nothing revolutionary about iTalk.
Let's look at the reality of the situation...
There are numerous telecommunications company already being priced out of the market.
Sprint, what could be considered iTalks 'smallest' big competitor has 3.8B shares outstanding at $3.5X pps, with a market share value over $14,000,000,000+.
iTalk has 1.8B shares outstanding with a market share value of $4,525,000.
It's night and day, there is no way that iTalk can reasonably compete against even the smallest of telecommunications companies.
Based upon the stock photos above, they would have to be a discount service provider. The cellphones,hotspots,laptops all appear to be older generation equipment which already sets iTalk behind the curve.
On top of that, iTalk does not have its own towers or infrastructure which means that they would have to lease the lines and that would be extra overhead that would capsize an already infantile & futile endeavor if it were ever genuine at all.
Sometimes, emotion drives trading and that is when your losses can add up.
There is no 'to da moon' here and anyone holding that many shares under the presumption that enough volume will come through for them to sell those shares at the value they want is a very, very amateur move, I.E. it won't happen.
Held beautifully? At .002X? That is laughable, it's worth two tenths of 1 penny. That's hilarious, seriously, pure comic genius.
Same thing can be said about any stock. But 99% of the time they are duds, lames, failures.
Yup it's a sad reality in the OTC world that 99.99% of all pinks are shell scams.
Nothing being produced except hot air and hype.
You hear this aaaaallll the time for every penny stock, I could name endless stocks that had nothing but hype and in the end they were all sitting around waiting for this 'magical' event to occur.
The reality of stock trading is that stocks move on anticipation and if the stock over the last few days has gone up, it's because of anticipation and when it doesn't arrive, guess what happens to the pps? You don't need a degree in economics to realize it will go back down.
Welcome to OTC/Pinksheets.
Could be tomorrow, next week, next month. But more than likely, not at all.
It's not hard to check anything. Check the SEC, no filings.
That was simple enough.
"iTalk Inc (TALK) – throw in a banned attorney, a banned auditor, and a convicted felon and you get iTalk Inc"
Source: http://promotionstocksecrets.com/italk-inc-talk-research-report/
You're right or else the company would have had their filings in a timely order.
Just another pump to try and conflate the reality of the situation, the company is defunct.
Just another inaccurate claim.
The reality is that this company is defunct.
Low volume taken down incoming, watch the ask stack while the bid collapses.
In the OTC world an MM is someone who has far too much exposure to a junk equity. There are no hedge funds out there giving any hoot about this pile of IOUs. Nor do they short it or any of the other crap hypers who're looking to dump claim.
No value, no interest. It's that simple.
It's just the usual bottom feeder fish nipping at the carcass of a defunct company. They can hype TALK all they want but the only momentum being created is by those who're still holding a considerable portion jiggling the line looking for the next would be sucker to buy any of this worthless security.
It doesn't matter because its not happening.
If you hold your breath on this one, you'll suffocate.
Yes, hold onto that worthless paper... I think an exit strategy would be the sane call.
Analysis?
What's to analyze on a defunct company that is not SEC compliant?
Whatever the market 'believes' is going to happen has already been priced in currently.
Hence it's .0022. That includes all this rumor going on around the 8k/10k filings.
If the market knows about it, the price is always relative.
When in reality it should be .0001.
More than likely the company borrowing and dumping into the market.
Open your bags everyone :(
Last time UMS reported profits was back in 2014.
I'm not sure how unaudited financials mean much of anything at all, besides I've seen that dog and pony show before.
Fun times.
UMS hasn't done anything since 2013, it's three years later.
A lot of smoke & mirrors.
Oh thank you, I wasn't aware of that.
This doesn't have enough wind behind its sails, which is why its down in the double zero's. This thing will flat line soon enough.
Bagholders are being made. Actually were made and people are trying to unload their toilet paper before the inevitable reverse split.
I think you mean Kaput.
I agree, in the nearer future i would love to load the boat.
Good, hope she pulls back somewhat hard until mid-march. I'd like to take a position here.
With google bringing fiber to the world, the cable industry is in for a big change.
Also, its funny you said a red day for tech stock when Ihub claims they are up (not google but tech stocks) lol.
What happened? Why the hair cut?
Just found out about the FirstMerit purchase.
Huntington Bancshares Inc. has agreed to acquire FirstMerit Corp. in a $3.4 billion cash-and-stock deal that will make it Ohio’s largest bank by deposits and will push its assets toward $100 billion, the companies announced late Monday.