The closing of the purchase and sale agreement is complete. As stated in the 8K an amended 8K will be filed with the UMS audited financials. Here are some highlights from the 8K. What I don't see anywhere is where it says TALK is required to submit new audited financials. I understand the issue with Terry Johnson but I still don't see anything saying TALK has to resubmit
On January 29, 2016 (“Closing Date”), the Company closed (“Closing”) on the Exchange under the Purchase Agreement
In connection with the Exchange, on January 29, 2016, David F. Levy resigned as the Company’s President and Kil W. Lee was appointed as the Company’s President and as a director.
For his services as President of UMS, which is now the wholly owned subsidiary of the Company, Mr. Lee will receive an annual salary of $150,000.
(a) Financial Statements of Business Acquired
The financial statements required by this Item, with respect to the acquisition described in Item 2.01 herein, will be filed by the Company by amendment to this Current Report on Form 8-K not later than 71 days after the date on which this Current Report on Form 8-K was required to be filed.
All of my posts are my opinion only and are not meant to be investment advice.