Teliphone Corp. (fka TLPH)

[hedge_fun]

My thing is the CEO got 27MM shares of the other company stock (UAMA) when they bought NYTEX last spring, plus he already owned a boat load.

Now he claims NYTEX is a money maker, but he doesn't report?????

He had at least 27MM reasons to update the financials, and those shares are now "free trading" (see the Form 4 he just filed for UAMA). Since he is listed as a principal w/NYTEX, who do you think gets the 20MM shares of TLPH?

New York Telecom Exchange Inc will receive a total of 20 million Teliphone common shares at $0.25/share.

NYTEX will operate as a separate division within Teliphone and at current volumes could contribute over $25 million in annual revenue bringing Teliphone's total annual run rate revenue to approximately $31 million.

http://ih.advfn.com/p.php?pid=nmona&article=50702984&symbol=TLPH

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

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