iTalk Inc. (fka TALK)

[lloydm]

I would say that is an incorrect statement. They're waiting for PPS to reach .01 in order to up-list to OTCQB or higher. Read previous DD on this item from user Investorswiss


POST #21147
Requirements by FINRA for the QB implemented last year. So if the pps is over the required minimum of 0.01 then they can bring everything current on the QB. Otherwise depending on when they went for the uplisting they'd have to do audits again. Now ask yourself. Do you think they'll do audits twice, when we can get this all done at once in a timely manner? No sir.... ;)


POST #11394
Chart + purchase agreement + my brain + my experience as a securities attorney.

Again this has already been answered for you as well..

Ive been a part of a lot of reverse mergers and I will say this. The fact that the attorneys have already negotiated and come to terms, then put together and filed and 8-k to announce the merger has already been very costly and time consuming thus far behind the scenes pre 8-k. Also the old PCAOB accountants were fired and a new Reputable firm has been pout in their place. CPA's get paid cash and require retainers. For SEC purposes the audits must be done before "Official," but lets face it, at this stage there is less then a 5% chance this deal falls through.