iTalk Inc. (fka TALK)

[lloydm]

TALK FLOAT is 15% Total.

Its ashame some just don't understand TALK float is 15% of common stock, and its pretty much locked up.

2.2 Purchase Price. In exchange for the UMS Shares, Talk shall issue to the UMS Stockholders preferred shares of Talk which are convertible into a total of 85% of the fully diluted common stock of iTalk, Inc., for distribution to the UMS Stockholders in proportion to each of their Common Shares in UMS (the “Purchase Price”). This 85% is computed before giving effect to options and warrants which may be given to Talk management or advisors as set out in Schedule 2.2 to this Agreement. The capital structure of Talk post-closing shall be as set out in Schedule 2.2.