Getting rid of SCAM CEOs one scumbag at a time.
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FRAUD TALK has a HISTORY of FAKE MERGERS they dump shares into.
http://www.prweb.com/releases/2015/10/prweb13045355.htm
iTalk Inc. (OTCQB: TALK) (“iTalk”), a global provider of advanced communications services, mobile distributor and service provider for the wireless industry, announced today that through its subsidiary Limestone Energy Holdings, Inc., a Florida corporation (“Limestone”), mutually agreed with Hilliard Bender Energy, LLC, a Florida limited liability company (“Hilliard”), to terminate the purchase and sale agreement previously entered into between Limestone and Hilliard on January 6, 2015. Accordingly, Limestone will not be completing the acquisition of Hilliard, as previously described in our Form 8-K filed with the Securities & Exchange Commission on January 6, 2015
BEWARE SCAM TALK has a YIELD SIGN
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC
http://www.otcmarkets.com/stock/TALK/quote
As WARNED SCAM TALK doesn't FILE. Falling knife coming in this FRAUD.
LOL! More CEO lies.
No merger in this FRAUD.
This SCAM ENDS TODAY. Sell while you can.
No filings today. It's DONE.
NOTHING coming today. SELL WHILE YOU CAN.
Nope the DIRTBAG CEO said tomorrow. This SCAM will finally be finished tomorrow with ZERO credibility ahead of SEC intervention.
There will NOT be ANY filing tomorrow.
Gee NO FILING yet AGAIN. LOLzzzzzzzzzzzzzzzzzz.
LOL! 4 MILLION volume in this fraud. Nobody buying the CEO lies.
27 BILLION SHARES COMING in this GARBAGE. WOW.
integral Member Level Wednesday, 02/03/16 12:09:48 PM
Re: nodummy post# 103070
Post #
103075
of 103086 Go
That is the issue with Talk, nobody is accounting for the conversion features on the debt securities that are precedent before the four new equity derivatives are/were created for this transaction.
There are 1.875 Billion Common, supposedly.
Secondly, Terry Johnson's 2014 audit cannot be relied upon.
Terry Johnson was censured by the PCAOB in early April or before.
Talk was informed by the SEC of Terry Johnson's suspension in October and engaged David Brooks, all the while TALK "Filed" two 10Qs between Johnson's censure and the engagement of Brooks, therefore, the issuer never had those 10Qs reviewed pursuant to Regulation S-X.
Thus, none of the last 1.75 years of financials cannot be relied upon.
With that said, the notes are $930,000 with conversions as low as 40% of the XXXX bid price in the last xxxx trading days (sorry, don't recall exactly). At $.0015, this nearly doubles the issued.
Then take into account Lee's 85% conversion feature,
Andora's 4.9% conversion
Levy's 5.0% conversion
Mesa's 4.9% conversion
that leaves 0.2% to the 1.875 Billion public which eventually could become, depending on Levy and Johnson's audit and Levy's non-reviewed quarters nearly 3.5 Billion common before the 99.8% convert.
Sorry, but you can do the numbers on 99.8% conversion using 3.5 Billion as the key metric.
I get 26.9 to 27.9 Billion using different sequences of conversions.
Lastly, why publish the $16 million in revenue, however, no other key metrics? Tells me it is negative cash flow and a working capital deficit. Otherwise, you disclose it.
Acquisition with NO MONEY? LMAO!!!!!!!!!!!!
accumulated deficit of $3,682,030 and total current liabilities in excess of current assets of $1,995,351 as of May 31, 2015.
NON-EXISTENT shorts DIDN'T cover @.0001? Waiting for .00000? LMAO!
WRONG! Levy is FULLY in charge of this con.
SEC Suspension Coming? SEC has MANY QUESTIONS for SCAM TALK:
https://www.sec.gov/Archives/edgar/data/1373444/000000000014021733/0000000000-14-021733-index.htm
https://www.sec.gov/Archives/edgar/data/1373444/000000000014018471/filename1.pdf
https://www.sec.gov/Archives/edgar/data/1373444/000000000014009884/filename1.pdf
IZON REVOKED LEVY CEO:
http://www.advfn.com/news_Revoked-Security_60695111.html
Levy TALK CEO:
http://www.otcmarkets.com/stock/TALK/profile
The nice thing is SINCE THE CEO has been busted it's easier to get a quick response from the SEC.
SCUMBAG CEO had 1 COMPANY SEC REVOKED ALREADY
http://www.sec.gov/litigation/suspensions/2013/34-70375.pdf
At SOME point reality will kick in be it SEC intervention, they have 100s of pages of evidence submitted, or the CEO's lies will stop being believed. It's always a long process.
Always a NEW EXCUSE in this con. Nothing will ever be filed but it will be draggggggggggggggggggggggggggged out for a while with new "dates".
FRAUD TALK has a HISTORY of FAKE MERGERS they dump shares into.
http://www.prweb.com/releases/2015/10/prweb13045355.htm
iTalk Inc. (OTCQB: TALK) (“iTalk”), a global provider of advanced communications services, mobile distributor and service provider for the wireless industry, announced today that through its subsidiary Limestone Energy Holdings, Inc., a Florida corporation (“Limestone”), mutually agreed with Hilliard Bender Energy, LLC, a Florida limited liability company (“Hilliard”), to terminate the purchase and sale agreement previously entered into between Limestone and Hilliard on January 6, 2015. Accordingly, Limestone will not be completing the acquisition of Hilliard, as previously described in our Form 8-K filed with the Securities & Exchange Commission on January 6, 2015
As WARNED SCAM TALK doesn't FILE. Falling knife coming in this FRAUD.
ONE cell SHACK that LOSES 3 MILLION a year.
Assets in this JUNK? ZERO.
NOTE 2 – IMPAIRMENT OF ASSETS
As of May 31, 2015 the Company reviewed various assets and determined their value was zero and elected to impair the assets resulting in a charge to other expense of $32, 210.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10881296
Laura Anthony and TOXIC FINANCIER ASHER. BEWARE
Her and her husband are as DIRTY as they come. Laura is married to Mark Anthony (formerly known as Mark Anthony Pollaccia until he legally changed his name after being found guilty of a string of fraud between 2000 - 2002.
Laura Anthony (fka Laura Elizabeth Arnoff) who rivals Lysiak in the number of tickers linked to her that have been used for pump&dump scams and insider enrichment schemes and is married to Mark Anthony (formerly known as Mark Anthony Pollaccia until he legally changed his name after being found guilty of a string of fraud between 2000 - 2002) said something that doesn't make any sense at all to me:
"Clearly it is problematic when state and federal rules and regulations cause a conflicting result, leaving a board of directors, shareholders and the investing public in a state of flux," she stated. "What is the capitalization of ECOS? In accordance with the state law, the company has approximately 3.4 million shares issued and outstanding; however, according to the over-the-counter marketplace, the company has approximately 6.8 billion shares outstanding. Legally it seems the company has 3.4 million shares of stock outstanding at a trading price of $.0001 and that Finra's refusal to process relates solely to a refusal to re-price the stock as a result of the reverse split and not a broader refusal to recognize the validity of the share reduction itself."
Micheal Siegel, the ECOS CEO who just so happens to be a personal friend of Curt Kramer and Seth Kramer and has been a shareholder with both in publicly traded companies going back more than 10 years said this:
"If it wasn't for guys like Asher, companies like us would be out of business," he said. "They do a service."
Can a business like ECOS with no revenues or active business operations be considered a real company? Companies like ECOS that are just milking money from retail shareholders to make toxic financiers rich shouldn't exist.
If it wasn't for scammy penny stocks and the OTC markets/pink sheets then attorneys like Laura Anthony and Conrad Lysiak would lose most of their clients, toxic financiers like Curt Kramer wouldn't exist, and Laura's husband, Michael Anthony Pollaccia, wouldn't have any shells to hijack and use for shell packaging any more.
At least one person understands what is going on. A former Finra enforcement official who said that cases like EcoloCap's may become more common.
"They are concerned with the bad actors and they are looking more closely at this niche. I think that is fair to say," the former official said.
http://www.thedeal.com/content/regulatory/finra-may-be-getting-more-aggressive-in-regulation-of-microcaps.php
Conrad Lysiak, ECOS's legal counsel, who just so happens to be linked to dozens of tickers that ended up being pump&dump scams and insider enrichment schemes had this to say:
"The magic word is, 'connected,'" said Conrad Lysiak with the Law Office of Conrad C. Lysiak PS in Spokane, Wash. "What does that mean exactly? Kramer is not an officer, a director, a promoter, advisor or transfer agent. Does the company have a debtor-creditor relationship? Sure. But is he connected? Let me ask you this: What if ECOS had filed for a name change? Would Finra be holding that up as well?"
Read WHY FRAUD TALK is NOT SHORTED. Scam company making any excuses to dump shares. Stay away from this frontloaded con.
LOL! $2.50 a share EACH if you could short but of course you cannot borrow any because you cannot sort anything below .01.
Why this SCAM ISN'T SHORTED.
The Trade cycle is Trade Date plus 3 days for settlement, Daily Reg SHO only shows the Initial leg of each transaction and doesn't reconcile based upon settlements made seconds later as the trade has yet another 3 days to settle.
For all stocks below $2.50 - for every share you borrow to short you have you $2.50 in maintenance margin or your margin account. So if you call your broker and ask to borrow 1 million shares of TALK to short - after they stop laughing they will ask you if you have $2.5 million in a margin account.
NON-EXISTENT shorts DIDN'T cover @.0001? Waiting for .00000? LMAO!
Soon NEXT MONTH for filings any CEO lie to avoid the inevitable sell off.
27 BILLION SHARES COMING in this GARBAGE. WOW.
integral Member Level Wednesday, 02/03/16 12:09:48 PM
Re: nodummy post# 103070
Post #
103075
of 103086 Go
That is the issue with Talk, nobody is accounting for the conversion features on the debt securities that are precedent before the four new equity derivatives are/were created for this transaction.
There are 1.875 Billion Common, supposedly.
Secondly, Terry Johnson's 2014 audit cannot be relied upon.
Terry Johnson was censured by the PCAOB in early April or before.
Talk was informed by the SEC of Terry Johnson's suspension in October and engaged David Brooks, all the while TALK "Filed" two 10Qs between Johnson's censure and the engagement of Brooks, therefore, the issuer never had those 10Qs reviewed pursuant to Regulation S-X.
Thus, none of the last 1.75 years of financials cannot be relied upon.
With that said, the notes are $930,000 with conversions as low as 40% of the XXXX bid price in the last xxxx trading days (sorry, don't recall exactly). At $.0015, this nearly doubles the issued.
Then take into account Lee's 85% conversion feature,
Andora's 4.9% conversion
Levy's 5.0% conversion
Mesa's 4.9% conversion
that leaves 0.2% to the 1.875 Billion public which eventually could become, depending on Levy and Johnson's audit and Levy's non-reviewed quarters nearly 3.5 Billion common before the 99.8% convert.
Sorry, but you can do the numbers on 99.8% conversion using 3.5 Billion as the key metric.
I get 26.9 to 27.9 Billion using different sequences of conversions.
Lastly, why publish the $16 million in revenue, however, no other key metrics? Tells me it is negative cash flow and a working capital deficit. Otherwise, you disclose it.
It does NOT TAKE 72 hrs to file ANYTHING. More CEO LIES.
The SEC busted him once...soon twice.
SEC Suspension Coming? SEC has MANY QUESTIONS for SCAM TALK:
https://www.sec.gov/Archives/edgar/data/1373444/000000000014021733/0000000000-14-021733-index.htm
https://www.sec.gov/Archives/edgar/data/1373444/000000000014018471/filename1.pdf
https://www.sec.gov/Archives/edgar/data/1373444/000000000014009884/filename1.pdf
Straight to NO-BID AGAIN.
LOL three days to file. Too bad the liar doesn't know it's instant.
More CEO LIES and BS. This SCAM is DONE.
LOTS of TOXIC FUNDING in this FRAUD
As of Q2 2015 here was the amount owed to toxic note holders.
Quote:Convertible note payable – net of discount of $17,666 605,705
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10881296
The is no Q3 2015 filing for TALK available, so who knows what the amount is now or what new notes have been taken out.
No 10-K filed either, so it is erroneous to state there are no toxic notes, there likely are.
Thanks MS.
This SCAM was FRONTLOADED in September for this FRAUD attempt at a run. Stay away from this crap.
2015/09/30 0.00030 0.00030 0.00010 0.00020 44,100,366 0.00020
2015/09/29 0.00020 0.00030 0.00010 0.00030 200,953,884 0.00030
2015/09/28 0.00010 0.00030 0.00010 0.00020 862,358,476 0.00020
2015/09/25 0.00010 0.00010 0.00010 0.00010 - 0.00010
2015/09/24 0.00010 0.00010 0.00010 0.00010 - 0.00010
2015/09/23 0.00010 0.00010 0.00010 0.00010 450,000 0.00010
2015/09/22 0.00010 0.00010 0.00010 0.00010 700,000 0.00010
http://ih.advfn.com/stock-market/USOTC/italk-inc-TALK/historical
SCUMBAG CEO had 1 COMPANY SEC REVOKED ALREADY
http://www.sec.gov/litigation/suspensions/2013/34-70375.pdf