New York Telecom Exchange was a New York corp. before it merged with United American Copr a FL corp and now its a New York Corp again. Confusing

From 8K
On January 5, 2012, Teliphone Corp, a Nevada Corporation, ("Teliphone"), announced that it had entered into an asset purchase agreement (the "Agreement") with New York Telecom Exchange Inc., a New York corporation ("NYTEX"), pursuant to which Teliphone acquired all operations, assets, liabilities and intellectual property of NYTEX in an all stock transaction.

We get 5 mil $ for 100 mil shares of UAMA and then we buy 20 mil shares of Teliphone at .25 cent a share = 5 mil $

Sale of Assets and Liabilities . Subject to the terms and conditions of this Agreement, and in reliance upon the representations, warranties, covenants and agreements contained in this Agreement, the NYTEX shall sell all Assets and Liabilities of the NYTEX operation as outlined in Appendix A to Teliphone, and the Teliphone shall purchase the assets and liabilities from NYTEX for a purchase price of US$ five million dollars (US$5,000,000) payable by twenty million (20,000,000) Teliphone Corp common shares. (the “ Purchase Price ”) at a cost basis of US$ 0.25 per share.

At time of closing, Teliphone agrees to issue instructions to its transfer agent to record the issue of shares to NYTEX with delivery of such shares to take place within 60 days of the closing.

UAMA ( United American Corp.) only exist with FINRA ,the name was changed to New York Telecom Exchange in about a year ago.Thats why they dont mention UAMA in Teliphone's 8K.
http://www.sunbiz.org/COR/2011/0119/00011350.Tif

Nice to see that they are still working on getting this Company current with all the necessary filings.I think you're right to OS will be unchanged,just transfer of securities.Would be nice to talk to Trevor again about his plans here.


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940




1. Name and Address of Reporting Person *

Trevor-Deutsch Lawry 2. Issuer Name and Ticker or Trading Symbol

NEW YORK TELECOM EXCHANGE, INC. [ UAMA ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)

468 PLEASANT PARK ROAD 3. Date of Earliest Transaction (MM/DD/YYYY)

1/3/2012
(Street)

OTTAWA, A6 K1H 5N1
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common 1/3/2012 J (1) 27230311 A (2) 27814740 I Shares issued to Strathmere Associates Ltd., 100% owned by Lawry Trevor-Deutsch

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1) Shares received from issuer in payment for transfer of assets to issuer
( 2) No consideration paid

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Trevor-Deutsch Lawry
468 PLEASANT PARK ROAD
OTTAWA, A6 K1H 5N1

President


Signatures

Lawry Trevor-Deutsch 1/5/2012
** Signature of Reporting Person Date


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Good summary buddy,im holding here at least that( .15).But if this volume keeps up who knows! Im surprised that NYTEX volume hasn't dropped at all after the holidays. GL

Close to 110k $ traded today.Another record $ day for this year.

5% is what Trevor told me a while back. I would think that they charge interest or fees for all the money transactions,would make sense.Filings would be nice it would tell the story here.

Yet another 100k $ in a day.

Another 105k $ in a single day!

Impressive 105 k $ in a single day.First time this year breaking 100k $.

Not happy with the management here either.There is no United American Corp anymore the name was changed already to New Telecom Exchange Inc legally.The only thing for them left to change is the ticker with FINRA.http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=V51311&inq_came_from=NAMFWD&cor_web_names_seq_number=0008&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=NEWYORKTELECOMEEXCHANGE&names_filing_type=

My last conversation with Lawry he told me FINRA asked for additional information but that was months ago.

Awesome volume ,close to 80k $ traded today. Whatever they are doing right now ,they are getting it right.Hopefully the volume continues after the holidays .

Massive volume right now at NYTEX. Wow

60 000 $ traded today at NYTEX. Volume keeps increasing daily.

With the holiday season coming up i expect the volume go much higher . NYTEX is making a ton of money now, all we shareholders need is filing.Not very happy with the CEO here.

These questions are definitely on my list to ask him when i get a hold of him.The good news about the drop in volume is that the trading is very diverse,meaning that 10-15 countries are always trading just low in volume right now.Another thing he was talking about was merging other businesses to NYTEX for growing the company more diverse. I wonder what business is he in the UK for ?

The game is definitely still on here.As long as NYTEX is making money and even with a volume drop they should be somewhere 15-20 mil in revenues for this year .It is odd that they have not filed anything yet and i was told be Lawry that he is working on it and the latest by August he will have done. Now its November and still nothing.He talks about interest from investors in the interview but for any bigger investor to put some cash in here we need ticker change ,updated info on OTC markets and also updated info on all broker websites and filings.The revenue numbers are great so i dont understand the delays. I have been calling and trying to get a hold of him for a while now but all im getting is the "in the UK for business " message.I will be calling again and will post here an update when successful .GLTY

Interview with the CEO Lawry Trevor-Deutsch
http://www.telecomtv.com/comspace_videoDetail.aspx?v=5529&id=3ccae9dc-325e-4e9d-9067-2ae159e0be45

I have not been able to get in contact with Lawry in last few weeks.Will call again this week. Thanks

Everyone has their own investment strategy if it works or not . Someone is trying to get out and cleaning the bids out. Holding all my 5 mil shares. GLTY

The CEO Trevour-Deutsch is in the UK until end of this week.Will try again first thing next week.Still holding all my shares GL

Will be calling for an update in a week or so.Last time when i talked to Lawry he told me to call back in september.GL

Thanks for the chart.Slow and steady accumulation going on here,just need more volume which will come with filings and tickerchange.Thanks again

Nice summary there fromtheuk! I would put the current daily avarage at 45-50k or even more. PE ratios for industry average are in the mid 20s(yahoo, msn, etrade) and our float is 20 mil . Few days ago we saw what 400k day does to the pps. With friends we have accumulated more than 5 mil shares here and will buy more if drops any lower than now.My goal here at least .15 c and I'm willing to wait.

Shouldnt be long now.I will call and follow up with him in a few weeks.Thanks

Yes i called and talk to Lawry.FINRA asked for additional information on tickerchange and response was sent on 22nd July.They are working hard to expand the business and get the filings out.Just a waiting game now.

Thank you

Good luck to you.

All the necessary paperwork has been submitted to FINRA for a symbol change ,so its up to them now .The CE status has required additional paperwork,which was already submitted.I disagree about the statement " nothing has been done" NYTEX went from 30 k a day to 50k day to 60-75 k a day and that just in 6 months or so !!! Management has done a great job in growing the business in very short time. Also we had the biggest exhibition in ITW this year and there were giants like ATT ,Tmobile so management is very aggressive for building NYTEX.The symbol change is out their hands now and they are working on getting all the filings out. Here is the number for Ceo Trevour-Deutch 514 313 3424 all shareholders are welcome to call and ask all the question they have. Good luck to you!

All the necessary paperwork was submitted back then to FINRA for a symbol change, the name was already changed with Florida SOS from United American to New York Telecom Exchange
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=V51311&inq_came_from=NAMFWD&cor_web_names_seq_number=0008&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=NEWYORKTELECOMEXCHANGE&names_filing_type=
FINRA asked for clarification and additional paperwork because of lack of filings from United American Corp before the merger (Caveat Emptor status) ,so additional paperwork was submitted on 22nd of July. Again its up to FINRA now when the symbol change will occur.

Yes , 63 k traded yesterday. Will call the CEO again this week for an update .

Still close to 40k traded yesterday. Im sure its temporary and we'll have slow days and huge days ,what matter is the quarterly and annual revenue numbers.Our market capitalization right now is 1.2 mil !!! lol

Agree, their business model is working .They have been able to grow tremendously with few years and this is not their first telecom company.Laliberte's last company was valued 500 mil at one point!With our share structure that would be 5 $ share ! Who knows if we ever get there or not but this certainly is the potential that we have.The CEO told me that they were able to sign few more accounts at the ITW and as soon as he gets them set up we'll see and increase in trading volume.He sure was right.As a shareholder i wish that he would get the 10Q out faster but i understand ,growing the business comes first. 200 % growth would be amazing in the next few years ! Here is my basic math anyone is welcome to correct me here , annual revenues roughly 15- 20 mil, with 200% growth would put us somewhere 45-60 mil in revenues with a profit margin somewhere at 5% = 3 mil . So the EPS would be 0.028 a share and we multiply that with industry average P/E ratio ( per yahoo finance) 26.5 and we get a price per share of 0.75 $. Again thats my basic math here !! Not a bad investment opportunity here. GLTY

Consistently trading over 60k now. Yesterdays volume hit 73 000$ !

I'm keeping an eye on it daily.Would love to see the average volume grow for the rest of the year. 1.3 mil market cap its just ridiculous for a company with this kind of revenues and connections.GL

73 000 $ traded today.

65 000 $ traded yesterday.

Close to 60 000 $ traded yesterday on NYTEX. Not very hard to see the massive potential here.Good luck and happy 4th !!!

Company is doing very well with NYTEX.Loading time right now before the crowd show up.