iTalk Inc. (fka TALK)

[InvestorSuisse]

Management and affiliates hold shares that are transferable as well and in most cases during a reverse merger this is where the shares come from. So the question is how many shares did all of the affiliates and management hold before the large open market transaction. Someone referenced a float of 150 million, so even if it was 290 million that means there was more than enough shares tucked away to meet the 85% requirements as per the purchase agreement between TALK and UMS. Also there was a $90,000 bid swallowing up shares while everything was quite post the huge block being sold around the 28th of September.