Replies to post #22578 on iTalk Inc. (fka TALK)

[wilma6311]

That is pretty unlikely. They cannot own more than 85%. The agreement says they will not be given common shares until they receive 2 years audited fins prepared for the SEC.

So in Sept...they signed the agreement and at the same time gave them two years of audited fins including a pro forma through 8/31? That seems really unlikely.

Don't forget they may need to change their year end to Aug 31. That is extremely time consuming. Not something that can be done in a day.

Also, at the time of the agreement on 9/24, they merged as a company. I think I saw a comment that they aren't insiders until the final 8k so they can buy all they want and never have to file as an insider in the meantime. That is just ridiculous...as the post specifically said...shares held by insiders.

I think that a lot of the details are being bended and molded to fit the best case scenario. We need the financials. Hopefully they will file something this week.