DD Support Board and Research Team

[hedge_fun]

This looks interesting.....TLPH/UAMA

TLPH files an 8K today ~ buying NYTEX for $5MM. The value basis of TLPH is .25 per share. Today it closed at .0289.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8331814

Google search reveals NYTEX was bought last March by UAMA ~ United American Corporation, 10 days after filing a 15-12G.

3/4//11 15-12G filing......

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7776866

3/14/11 PR........

http://www.thestreet.com/story/11042944/1/united-american-corporation-acquires-the-new-york-telecom-exchange-inc-in-a-share-exchange-agreement.html

Oh yeah, UAMA is Caveat Emptor with OTC........

http://www.otcmarkets.com/stock/UAMA/quote

Today's 8K highlights.......

***(f) NYTEX agrees to take all steps to have the corporation name “New York Telecom Exchange Inc.” revert legally to United American Corporation or any other corporate name available not associated or resembling "NYTEX" within 60 days of final execution of this agreement. (Only time United American Corporation is mentioned, UAMA "ticker" is never mentioned in this filing).

*** Sale of Assets and Liabilities . Subject to the terms and conditions of this Agreement, and in reliance upon the representations, warranties, covenants and agreements contained in this Agreement, the NYTEX shall sell all Assets and Liabilities of the NYTEX operation as outlined in Appendix A to Teliphone, and the Teliphone shall purchase the assets and liabilities from NYTEX for a purchase price of US$ five million dollars (US$5,000,000) payable by twenty million (20,000,000) Teliphone Corp common shares. (the “ Purchase Price ”) at a cost basis of US$ 0.25 per share. (Again, TLPH closed @ .0289)

If you look at UAMA's market cap it's only $510K based on the last filing ION's ago. So which shares are they trying to sell? The reason I ask is.....

***Teliphone (TLPH) and NYTEX (UAMA) are related parties with common President/CEO, Lawry Trevor-Deutsch.