iTalk Inc. (fka TALK)

[1manband]

Sorry, but that is not the case.

Not only did TALK never file anything with the SEC which stated all their prior filings were no longer true to due any rescission. Also, they state UMS WAS a wholly owned subsidiary at the time of the bankruptcy filing. Which means that for such a claim to be true, the rescission would have occurred AFTER the Chapter 11 filing. By law, that would have required the specific approval of the Federal Bankruptcy Court and there would be numerous court filings which detail the application and court approval. But, no such filings exist. Which means the claim that UMS was once a wholly-owned subsidiary of TALK, but no longer is, is complete BS and simply not true.

Instead, what is clear is that Dea lied. And willfully committed fraud.