Integral…I ran out of posts yesterday and couldn’t respond but here is some information for you.
UMS is a holding company. The agreement discusses officer resignation with the exception of David Lee who will oversee iTALK. Also…holding companies generally do not have many if any employees. Therefore the Exhibit you are diligently looking for is telling you exactly that. To include another page that says the exact same thing would be a waste of time.
ITALK is not a shell. Their latest 10Q stating they are not is pretty clear. But you are giving your opinion. I didn't know that the determination of a company being a shell was based on opinion.
Once again pointing toward the lack of filings creating uncertainty as being the reason you think this is a scam is ridiculous. Mergers are time consuming. Once the filings are in the yield sign will be gone.
Terry Johnson was removed by the SEC from working for public companies. This was due to his work for another company but those filings are in Edgar. Also…a 10Q is not required to be audited. Only the 10k is audited.
The merger is closed. The event date per the agreement is 9/24. The company has confirmed that they merged on 9/24 and have been working as one since that time. Yes that means the second 8k with the financials is late.
So I passed along some of your comments to the company and also gave them the link to this board when they sent me the email below. Here is their response…
Dear shareholder,
The assessment of our company running a pump and dump is a joke.
Before making such assumptions one should review the company filings properly.
Pump and dump companies promote their stock with multiple non material and ineffective press releases and when their stock rises it is dumped. iTalk never promoted its stock after the announced merge! Not a single press release to promote anything!
In addition, our stock presently is stable. Not typical performance of a pump and dump.
The iTalk and UMS have merged their operations after the announced merge agreement and are diligently working on the necessary filings to formalize it officially.
The merge requires a two-year audit of UMS and in addition, iTalk's two-year 10-k audit due to the company's previously reported 8-K dated Oct 13, 2015.
Discussions via emails leads to speculation and wrong assumptions and that is the reason the company is silent.
Please be patient and understand that we are prevented by the SEC rules to provide inside information to a single shareholder.
ir@italk
If anyone says they have an investment philosophy, remind them that a monkey picked a winning portfolio over a fund manager...then fling your poop at them.
