Telynx (fka TLYN)

[Cassandra]

Due: After re-reading the 8-K, I have to retract my former impressions.

The 8-K states "Paul Mataras and Talieh Safadi have purchased Telynx, Inc. ("Telynx"), its assets and liabilities for the sum of $10.00. Telynx director/CEO/Chairman Ali Al-Dawhi, and director/president Scott Munden have agreed on the sale on behalf of Telynx."

That wording makes it sound like the whole entity was supposedly purchased by Mataras and Safadi, however the 8-K later says "(a) The cash consideration for the sale is $10.00. However, Mataras and Safadi have agreed to take on 4.8 million dollars in liabilities and debt for the controlling shares of Al-Dawhi and Munden " That wording makes it sound like they only purchased the shares owned by Al-Dawhi and Munden.

In that case, the public company would not be a vacant shell, but would essentially be owned by these purchasers since less than 8% of the outstanding shares is in the public float.

Very interesting saga. I look forward to following it.