Teliphone Corp. (fka TLPH)

[hedge_fun]

They never posted financials for NYTEX when UAMA supposedly bought it 10 days after filing a 15-12G last spring.

The same CEO told shareholders they would update financials when they released the PR announcing the acquisition of NYTEX.

United American Corporation Acquires the New York Telecom Exchange, Inc. in a Share Exchange Agreement

NYTEX has begun the process of patenting its technologies -- the algorithm and block trading. It has also started the process of getting its public filings up to date and again become fully reporting. All necessary actions are being undertaken to have UAC's name changed to the New York Telecom Exchange and an application has been made to have UAC's trading symbol reflect the name change.

There are no plans in the near future for any share restructuring.

Lawry Trevor-Deutsch, President of UAC stated, "After spinning off Teliphone Inc. from United American Corporation in 2006, we have been looking for new opportunities to bring additional value to UAC shareholders. We believe the acquisition of NYTEX will provide this value and potential for growth in the growing telecom market. NYTEX intends to take the lead in an emerging telecommunications financial ecosystem using the proprietary technology it has developed over the last 3 years combined with industry deregulation."

http://ih.advfn.com/p.php?pid=nmona&article=46862669

Now UAMA is Caveat Emptor with OTC. It wouldn't surprise me to see TLPH get the CE mark as well.