iTalk Inc. (fka TALK)

[trader53]

TALK - Pull-Down for Funding looks completed

* OTC stocks are Pulled-Down for Funding of operations

All "you" need to remember,
is that with ALL "pull-downs",
the "accumulation" starts.
This is just the first step!

"Price Pull-Downs" are OTC game stock.
They hover higher for months and months,
with NO retail interest or volume.

The insiders "pull the price down",
for the funding of their operations,
by increasing the "shares outstanding",
and the "authorized shares",

and when the price of the stock,
reaches the price level,
where the "VC"s want to "Buy",
the stock finally bottoms,
and you then see the accumulation.

* Note: Bottom for Conversion (Funding), looks completed

* Note: The Total Volume of the last 13-days,
has now absorbed the two Volume Spikes of the Pop,
on November 3rd and 4th.

Vol Pops of 37,999,050 + 42,166,179 = 80,165,229

followed by:

13 days of Consolidation/trading Vol Total of 96,285,391


Vol of 80,165,229 + 96,285,391 = 1,764,506,200 shares traded

As of May 31, 2014 the gross balance of the settlement agreement was $348,000

* Possible Conversion/Funding calculations

Vol 96,285,391 x 0.003 = $288,856
Vol 96,285,391 x 0.002 = $192,570

Vol 80,165,229 x 0.003 = $240,495
Vol 80,165,229 x 0.002 = $160,330

Vol 96,285,391 x 0.003 = $288,856
Vol 80,165,229 x 0.003 = $240,495 Total = $529,351

Vol 96,285,391 x 0.002 = $192,570
Vol 80,165,229 x 0.002 = $160,330 Total = $352,900




TALK Fair Value $0.03 per share.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108425073

iTALK, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
MAY 31, 2014
(unaudited)

On May 27, 2014, the Company issued 4,939,760 shares of its common stock as collateral in connection with the continuing litigation with IBC Funds (see Note 12). The common stock was recorded at par value in the Company’s financial statements.

At May 31, 2014, the fair value of the embedded derivatives of $604,532 was determined using the Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 170.47%, (3) weighted average risk-free interest rate of 0.10% , (4) expected life of 1.00 year, and (5) estimated fair value of the Company’s common stock from $0.03 per share.

The fair value of the embedded derivatives at inception was determined using the Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 229.31%, (3) weighted average risk-free interest rate of 0.12% %, (4) expected life of 1.00 year, and (5) estimated fair value of the Company’s common stock from $0.1316 per share. The initial fair value of the embedded debt derivative of $631,220 was allocated as a debt discount up to the settlement agreement ($418,000) with the remainder ($213,220) charged to current period operations as interest expense. For the nine months ended May 31, 2014, the Company amortized $418,000, due to the demand nature of the agreement ,to current period operations as interest expense. As of May 31, 2014 the gross balance of the settlement agreement was $348,000.

http://www.quotemedia.com/finance/quote/?qm_page=22800&qm_symbol=TALK

http://stockcharts.com/h-sc/ui?s=TALK&p=D&yr=0&mn=2&dy=0&id=p23725298575


Date Open High Low Close Volume Chg % Chg Adj. Close Trade Val # Trades

11/21/14 0.00131 0.0016 0.0012 0.0014 9,633,465 0.00 0.00% 0.0014 12.85k 47
11/20/14 0.0014 0.0015 0.0013 0.0014 11,447,380 0.00 0.00% 0.0014 15.42k 34
11/19/14 0.0018 0.0018 0.0014 0.0014 10,722,589 -0.0004 -22.22% 0.0014 16.2k 34
11/18/14 0.0015 0.0021 0.0015 0.0018 7,703,186 0.0003 20.00% 0.0018 13.63k 56
11/17/14 0.0014 0.0016 0.0014 0.0015 6,542,385 -0.0003 -16.67% 0.0015 9.62k 48
11/14/14 0.002 0.0023 0.0017 0.0018 4,013,859 0.00 0.00% 0.0018 7.59k 19
11/13/14 0.0017 0.0022 0.0017 0.0018 6,586,879 0.0001 5.88% 0.0018 12.17k 38
11/12/14 0.0018 0.0018 0.0015 0.0017 1,863,928 0.00 0.00% 0.0017 3.02k 14
11/11/14 0.0016 0.0018 0.0015 0.0017 5,538,403 0.00 0.00% 0.0017 8.54k 31
11/10/14 0.0018 0.0018 0.0016 0.0017 7,837,024 -0.0001 -5.56% 0.0017 13.31k 56
11/07/14 0.0017 0.002 0.0017 0.0018 4,287,110 0.0001 5.88% 0.0018 7.91k 38
11/06/14 0.0023 0.0023 0.0016 0.0017 13,504,171 -0.0006 -26.09% 0.0017 23.77k 90
11/05/14 0.003 0.0033 0.0021 0.0023 6,605,012 -0.001 -30.30% 0.0023 17.59k 74
11/04/14 0.0032 0.0043 0.0025 0.0033 37,999,050 0.0002 6.45% 0.0033 125.24k 230
11/03/14 0.0019 0.0039 0.0019 0.0031 42,166,179 0.0014 82.35% 0.0031 133.67k 345
10/31/14 0.0018 0.0022 0.0017 0.0017 9,626,335 -0.0004 -19.05% 0.0017 16.85k 34
10/30/14 0.0022 0.0022 0.0018 0.0021 4,234,281 0.0001 5.00% 0.0021 7.9k 18