Replies to post #19354 on iTalk Inc. (fka TALK)

[Charlie3274]

Actually it says the ability for ums to have a note worthy of diluting into 85% ! Means to me if someone bought all the OS ums could blow up the SS to at current 1.8billion for easy math ums will make SS 10billion shares or something like that just to stave off the takeover imo. They won't do it but will have the ability

[Buy and pray]

no, Mr. Lee is getting preferred shares that can be converted into common shares , from the 8k: Mr. Lee all of the UMS issued and outstanding common stock in exchange for shares of the Company’s preferred stock, convertible into 85% of the Company’s fully diluted common stock (the “Exchange”). Definition: A convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level

[Charlie3274]

And it is not a new company , it is a bit established already!

[DreamGreen]

Wrong!!!!! By saying that you're insinuating that every reverse merger requires a rs. That is just completely false!