iTalk Inc. (fka TALK)

[wilma6311]

Really...here are some comments from the "court controlled" auction...

https://www.pacermonitor.com/view/ZYOCB3I/United_Mobile_Solutions_LLC__ganbke-16-62537__0165.0.pdf

b. Qualified Bid Requirements. Qualified competing bids from a Bidder: (v) shall be subject to the written approval or credit bid of T-Mobile USA, Inc., MetroPCS Texas, LLC and MetroPCS Georgia, LLC (the “T-Mobile Group”) (collectively, a “Qualified Bid”).

c. Approval by the T-Mobile Group. On June 16, 2017, the Debtor shall submit all Qualified Bids to the T-Mobile Group. The T-Mobile Group shall have until 12:00 p.m. June 23, 2017 to review and approve or reject the Qualified Bids and shall notify the Debtor of such approval or rejection and/or any credit bid by 1:00 p.m. on June 23, 2017.

d. Notice of Approval. On June 23, 2017 in between the hours of 2:00
p.m. and 5:00 p.m., the Debtor shall provide notice to the Bidders that have been approved by the T-Mobile Group of such approval and/or credit bid (“Qualified Bidders”) and that such Qualified Bidders and the T-Mobile Group may participate in the Auction as defined below.

c. Auction. If the Triggering Event occurs and a Bidder other than
KHC submits a Qualified Bid that has been approved by the T-Mobile Group by the requisite deadline, the Debtor shall file a notice of Qualified Bidders scheduling an auction at 2:00 p.m. June 29, 2017 at the office of Jones & Walden, LLC (the “Auction”). The New Interest will be auctioned as single lot. Only Qualified Bidders (i.e. those who have previously submitted a Qualified Bid that has been approved by the T-Mobile Group) and the T-Mobile Group may participate in the Auction (“Qualified Bidders”). Qualified Bidders and the TMobile Group must participate in person at the Auction.

Interesting...cause it sure looks like Tmobile is controlling this auction.