InvestorsHub Logo
Followers 171
Posts 20505
Boards Moderated 5
Alias Born 09/06/2010

Re: AbleBody77 post# 82323

Saturday, 07/28/2018 11:09:09 AM

Saturday, July 28, 2018 11:09:09 AM

Post# of 82575

Hence why you have not seen any legal proceedings on debt because they were dismissed during the bankruptcy



No, that is not correct. TALK was not bankrupt. All of TALK's millions in pre-UMS debt was untouched by the UMS bankruptcy.

PLUS, TALK assumed much of UMS's debt by taking over the personal guarantees signed by Lee. That debt was also undischarged through the bankruptcy and is now owed by TALK.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.