iTalk Inc. (fka TALK)

[wilma6311]

No. All TMobiles will close (has been in numerous past filings) and All Metro stores will close. From today's filing...


4. The Debtor may utilize the Net Proceeds received from the Approved Transactions (including sale of the Leasehold Interests) free and clear of liens, claims, encumbrances and interests for the benefit of its estate including the orderly wind down of its operations;


What does wind down mean???

To liquidate (sell or dispose of) assets of a corporation or partnership. [1] Liquidating the assets of a corporation or partnership, settling accounts, paying bills, distributing remaining assets to shareholders or partners, and then dissolving the business.

In this case all proceeds will go to creditors. It specifically says that in the last few filings. Not shareholders...creditors.