That is not factual.
Note that they continued to say that UMS was a wholly-owned subsidiary of the Company not only in that 8-K, but ALL subsequent 8-K's. Including the announcement that UMS filed for Chapter 11 bankruptcy.
"On July 21, 2016, iTalk Inc. (“iTalk”) issued a press release announcing that United Mobile Solutions, LLC, an indirect wholly owned subsidiary of iTalk, filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Georgia. A copy of the press release is furnished herewith as Exhibit 99.1."
Nope, Dea either lied then or he is lying now. Either way, he committed fraud.
