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Huggy Bear

01/26/16 9:45 PM

#25226 RE: Geoffroi #25223

It's hard to believe UMS will want the common shareholder to have so much equity



Not really. It is not hard to believe at all because it is not true.

TALK has no fundamental worth. Neither does UMS from my perspective.

Both are being sued. Not the kind of merger I consider legitimate.
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beer$$money

01/26/16 9:47 PM

#25227 RE: Geoffroi #25223

It's in the 8-K

Item 1.01 Entry into a Material Definitive Agreement.



On September 24, 2015, iTalk Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Kil W. Lee and United Mobile Solutions Corp. (“UMS”). Pursuant to the terms of the Purchase Agreement, the Company agreed to acquire from 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”).


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pb_trading

01/26/16 10:31 PM

#25237 RE: Geoffroi #25223

15% of 1.85 billion is not much, actually a really low shareholder amount.