Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Anyone heard anything from the CEO or IR lately?
.002...LET'S DO IT!!!!!
Lets bounce this b**** today. Hit the ask.
Up over .01 when news drops tomorrow.
Should close over 2 today. News tomorrow.
Ppl accumulating in advance of news.
Glad I wasn't here to catch all that. lol
I was actually looking for the link you posted for the asset sale for another company I was invested in but couldn't find it.
I admit I was surprised everyone is still here.
My...what a difference a year makes.
NEWS NEXT WEEK!!! WILL BE EPIC!!!!!
Yep...I heard this is going through the roof next week. An epic bounce on news Monday or Tuesday. Should be one for the ages.
So news next week Mon or Tues. Sounds good.
The inventory belongs to TMobile and Metro...not UMS. Anyone that buys them comes with an obligation to pay for that inventory I am sure.
Also, in terms of the shares being worthless...who knows. We haven't seen a filing from TALK in months. They have let their SOS filings expire and be revoked and they shut down their website. All red flags to me.
No. All TMobiles will close (has been in numerous past filings) and All Metro stores will close. From today's filing...
4. The Debtor may utilize the Net Proceeds received from the Approved Transactions (including sale of the Leasehold Interests) free and clear of liens, claims, encumbrances and interests for the benefit of its estate including the orderly wind down of its operations;
What does wind down mean???
ALL TMobile stores will wind down and not be renewed. This has been in numerous past filings.
"They"...who? If you are talking about the debtor UMS it appears they will indeed have nothing. We know from past filings that TMobile ordered the sale of all TMobile locations. All they had left was Metro locations. Now Metro has ordered the sale of all Metro locations.
The judge just approved the abandonment of any proprietary property they cannot sell like signage and branding.
What exactly will UMS LLC have left.
One other scenario is that iTALK will buy some of the locations. However...they don't appear to have the money to do this.
Who knows how this will turn out. Will have to wait and see.
I believe this was filed. On Aug 14 there was a Final order filed authorizing post-petition financing by Foxx. This is when the train went off the rails. Apparently TMobile did not want Foxx involved here. Then you saw the filing where they demanded UMS sell all Metro locations.
Its all unfortunate. TMobile appears to be done here.
Monday, August 14, 2017
222 31 pgs order Set Hearing, Motion to Mon 4:23 PM
Final Order authorizing post-petition financing and to modify the automatic stay. Related [+] Service by BNC. Entered on 8/14/2017. (cws)
I believe this is incorrect. The reason is that they were forced to sell the locations due to the involvement of Foxx. TMobile did not want Foxx to become the owner of UMS...the debtor and ordered the sale of all Metro locations.
The buyer has to be approved by Metro. If Metro did not approve them as a buyer before why would they do it now.
Also...before the question is posed as to why TMobile would be forcing the sale of all Metro locations...there is NO other reason than the involvement of Foxx.
In addition the recent filing where Foxx has removed UMS attorneys from representing them in bk court and where it notes that they do not intend to hire another attorney to represent then in court is also a clue.
IMO Foxx it out! They won't be buying UMS because there is nothing left to buy now that all locations will be sold and Foxx will not be approved by Metro to buy any of them.
All IMO....
Two orders filed today...
One is to allow the sale of all Metro locations. The other is to allow UMS to abandon proprietary property they cannot sell like Metro branding.
Thursday, September 21, 2017
242 order Sell Free & Clear of Liens, Motion to OR Motion to Sell Thu 7:29 AM
Order authorizing subsidiary transactions. Service by BNC. Entered on 9/21/2017. (cws)
Related: [-] 229
241 order Sell Free & Clear of Liens, Motion to OR Motion to Sell Thu 7:17 AM
Consent Order authorizing motion for approval of abandonment of proprietary property and sale of nominal store property. Service by BNC.. Entered on 9/21/2017. (cws)
Related: [-] 234
Good deal! I'll take it.
Per the last filing UMS is selling all locations and winding down operations per TMobile and Metro's request.
The locations are selling for 50k each. The funds will be used to pay off the creditors.
iTALK's license is in default and the website was shut down. The filing in GA says they have not been in that locations for 2 months.
I would wait for filings. Not only am I not buying someone another car I'm not going to sell my shares to someone that has no idea what is going on here.
You read my other posts so you know what I think about it. I won't be buying either.
I'm sure the buyers at 4 plan to sell at 6,7, or 8 to unsuspecting ppl.
TMobile and Metro have requested that UMS sell all locations. There is no more TMobile involvement here.
I'm waiting for filings and won't be buying someone a car again.
Pump and dump before news is released IMO. Buy at your own risk.
UMS has requested to sell all of their locations and wind down operations. I don't think there will be anything left to merge with here.
I'd wait for a filing.
Wednesday, September 20, 2017
New misc Hearing Held Wed 12:30 PM
Hearing Held re: (jmw)
Related: [-] 219 ,229 ,234
219 - Status Conference
229 - Motion to sell all Metro locations
234 - Motion to Abandon Proprietary Property that can't be sold.
I disagree. I would wait for a filing.
I disagree. Last time we saw the sp pumped to .0011 and nothing good happened except the pumper bought themselves a car.
I would wait for a filing today before buying or selling.
I expect we'll see a filing or two right away approving the sale of the locations and the sale of the proprietary items or abandonment thereof.
The third hearing was for the judge to determine the validity of the initial bk filing and set final dates to exit.
IMO anyway
FYI...he sent that to me.
That was pretty funny. I sent him an email and made reference to it and minutes later it was gone. Guess he doesn't want to be found right now.
No posts since 2016 though. Legere might just have been liking your comment about impressive results for TMobile. I have sent him two posts about just UMS, Foxx and iTALK over the last month with no acknowledgement. Could mean nothing. Most likely means nothing. I almost expect him to say...what the hell are you talking about. lol
Tv shoes...I want some tv shoes.
Nah...what he meant is that the function of the two is diff. GG is the marketer and AMLH is the business side responsibility.
They work in conjunction but their functions are different.
Picked up a few 8's. Updates coming??? Bring_it!
Can't look away. Its like a trainwreck.
Exactly what I am talking about. We are working. LOL Ok then. Since you are a company that is expected. What are you doing specifically to increase shareholder value.
This could easily drop further today. Just brutal to watch. Brutal!!!
The lack of updates from the company. And not shit like...we are working hard...we are busy...we are focusing on work. That's all bullshit. They need to say something substantial and they are saying nothing.
Speak English.