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Thanks for this link!
up to 71 days following the filing of the Form 8-K reporting the acquisition?
I have been looking everywhere for the answer to this question?
Does clock start on the day of reporting or closing?
9-28-15 8K Reported the Purchase Agreement?
Item 1.01 Entry into a Material Definitive Agreement.
On September 24, 2015, iTalk Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Kil W. Lee and United Mobile Solutions Corp. (“UMS”). Pursuant to the terms of the Purchase Agreement, the Company agreed to acquire from Mr. Lee all of the UMS issued and outstanding common stock in exchange for shares of the Company’s preferred stock, convertible into 85% of the Company’s fully diluted common stock (the “Exchange”).
The Purchase Agreement contains standard representations and warranties by the parties to the Purchase Agreement and certain closing conditions, including receipt by the Company of audited financial statements of UMS.
The Exchange will close on the third business day after the first date on which all closing conditions have been satisfied or waived, or such other date as the Company and UMS mutually agree in writing.
2-2-16 8K
Item 2.01. Completion of Acquisition or Disposition of Assets.
As previously disclosed in the Form 8-K of iTalk Inc., a Nevada corporation (the “Company”), filed with the Securities and Exchange Commission, on September 28, 2015, the Company entered into a Purchase and Sale Agreement (the “Purchase Agreement”) on September 24, 2015
Me Too! This is well beyond Beer Money!
This was in the 8k also
I know what it tells Beer$$Money that services were provided for shares!
(ii) shares of Common Stock underlying a warrant to be issued to Mesa Partner, which will represent 4.9% of the fully diluted shares of Common Stock of the Company at the date of exercise of the warrant (“Prospective Mesa Partner Warrant”), and (iii) shares of Common Stock underlying a warrant to be issued to Andora Holdings, LLC, which will represent 4.9% of the fully diluted shares of Common Stock of the Company at the date of exercise of the warrant (“Prospective Andora Holdings Warrant”).
https://www.linkedin.com/company/andorra-holdings-llc
http://mesapartnersinc.com/index.html
MESA Partners, Inc. is a value oriented, entrepreneurial consulting firm that since 1972 has successfully worked with the clients ranging from start up ventures to mature public companies, offering consulting services and a network of business opportunities to strengthen a company's organization as well as to accelerate a company's growth. At MESA, we understand the operational and financial constraints of growth companies; therefore, we strive to develop a strong team-oriented working relationships that ease "growing" pains by properly leveraging and building upon a company's inherit value. We firmly believe that most companies have the ability to succeed and it is MESA's role to objectively work with the clients to unleash that ability and provide a menu of opportunities to facilitate such success. MESA has uniquely tailored a well-rounded practice of building and re-building companies through its four basic disciplines and categories of services: Marketing, Management, Financial and Government.
What a coincidence it ran up a year ago next week?
On little volume?
2015/02/12 0.0235 0.025 0.020 0.020 1,856,092 0.020
2015/02/11 0.021 0.0284 0.021 0.022 1,273,684 0.022
2015/02/10 0.032 0.032 0.0201 0.0213 1,930,823 0.0213
2015/02/09 0.027 0.0299 0.0246 0.029 1,274,746 0.029
2015/02/06 0.023 0.025 0.020 0.0245 982,392 0.0245
2015/02/05 0.0189 0.024 0.0161 0.0225 1,776,408 0.0225
I do not need to do any more DD to know that the revenue numbers when presented will be huge for an OTC company! $$$$TALK$$$$
Item 9.01. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired
The financial statements required by this Item, with respect to the acquisition described in Item 2.01 herein, will be filed by the Company by amendment to this Current Report on Form 8-K not later than 71 days after the date on which this Current Report on Form 8-K was required to be filed.
Yo, thanks so much for the Trading 101 post. Did not know that?
I Truly believe we have the NASDAQ in our HPTG future! Will be a great ride for those of us who want to make that Journey? This has my retirement Beer$$Money all over it:)!
Just for you my friend. Lots of real traders here on the wise 75 HPTG board! We have a real opportunity here and glad to be a part of it! $HPTG
That 75 shareholders would explain the the spread we are seeing as shares are pretty much locked up? Not a lot of volume either. This will be a real good run after Financials as new comers from the news fight for shares! Exciting times ahead for the wise 75!
Great DD Monque2 75 shareholders Glad to be in that minority!
Those are very realistic numbers. Last year around this time it ran up to a little over .03 in day from the level we are at on a lot less news that is coming our way real soon. Embrace the suspense and enjoy the rewards that await us all!
You are absolutely right on, on the 4 for 4!
Who knows on the the time zone? TALK knows exactly what they are doing and exactly how it is suppose to be done. We are not going to know when those financials are coming out to the public. They are not going to manipulate this or give the apperance of manipultion. News will just drop on us and I like surprises!
Nice 2.2 mil ask slap! Maybe we are swimming with whale's?
Yes L2 looking real good right now!
Ya, I hope they don't dump for Beer$$Money either! GMTA Looking forward to a good filing to read, delivered todat from HPTG?
At this point the only number to crunch is the ASK. Slap the shight out of it. When the finacial news drops (I don't care when) you do not want to be outside the door trying to get a ticket to the show. Buy your seat upfront first row and enjoy the TALK Road show! You wil not be dishappointed!
I have placed my bet! $$$TALK$$$ is solid!
I'm buying a Micro Brewery after this score!
All my Jewelry is silver!
They just took HPTG down real quick!
damizo posted e-mail from company early this morning.
Got confirmation email form IR:
Thank you for your message. It is my understanding that the company will make public the Pro Star financials before the conclusion of this work week.
If you have any further questions, please don't hesitate to contact me. If I receive any updated information, I'll be sure to let you know.
Best regards,
Collin Dennis
Yes and look at that spread. They are trying hard to drum up some more cheap shares.
Forward looking market? CANT .2518
This what makes the New TALK EXCITING IMO!Growth through Acquisitions -
#11 A public company can usually make acquisitions with stock, or a combination of stock and cash, allowing for rapid growth of the company.
Wow the 100 share smoke signal! Shares are still hard to find!
Well glad they are gone & more cheap shares to be had! With what we have right in front of us like this week that was not even Beer$$Money!
Not any more? Where did that dump come from?
News could drop today? Shares are getting locked and it's as thin as Twiggy on the ask! Ready to run! Oh and don't forget to look at the HPTG chart. The best set up I have ever seen!!
GMTA:)Thanks damizo! Gotta like the new transparency at the New HPTG. Looking real good here! $$$HPTG$$$
Yes HPTG chart is a beautiful sight to behold!
Terry L Johnson CPA saw a net loss of 20 clients in the second quarter, after gaining 28 SEC clients in 2014. The central Florida firm gained most of those 28 new clients from Patrick Rodgers CPA and Harris F Rattray CPA — both of whose PCAOB registrations were revoked — and all of them are penny stock companies.
http://www.auditanalytics.com/blog/auditor-changes-roundup-q2-2015/
None of the Item 4.01 8-Ks disclosing the departure of Terry L. Johnson offer much in the way of an explanation. One former client, Baltia Air Lines, noted that Mr. Johnson resigned for “personal reasons”. (Baltia, an OTC company, has changed its auditor seven times since 2009, including two terms of Patrick Rodgers CPA.) From the PCAOB website, it appears that Terry L Johnson’s registration was withdrawn in July 2015, which would mean that the firm would not be able to audit SEC registrants.
There’s usually something interesting going on with these smaller reporting companies!
Here's is a link for that Johnson info
http://www.otcmarkets.com/research/service-provider/Terry-Johnson-CPA?id=5485&b=n&filterOn=5
iTalk is not on the list?
Absolutely agree with this accessment that iTALK has recieved audit UMS financials as a condition of closing and that info will come much faster than the 71 days! I know TALK is ready to TALK to us!
Quote
"Therefore, iTALK must have the financials of UMS already. I think the amended 8k will be filed a lot sooner than 71 days."
Ok thanks for clearing that up. I could not find that in any filing? The 2 yr audit for iTalk should be much easier than UMS and we know the UMS audit is complete as a pre condition of closing. A nice PR is in order than to bring us up to speed on TALK next steps?
Every share I own is worth more now! Green is good!
Show us where it says TALK is required to file audited financials for any reason?
UMS was the only entity required to provide audited financials as a condition of the closing. No amount of mis-information is going to change that!
Keep your eyes on the prize> TALK & UMS are officially one company. Audit is complete! TALK will be Talking more real soon. After months of total silence I'm sure they have much to TALK about!
"The Exchange will close on the third business day after the first date on which all closing conditions have been satisfied
, including receipt by the Company of audited financial statements of UMS."