Replies to post #35676 on iTalk Inc. (fka TALK)

[1manband]

Complaints about lack of SEC filings can't hold any steam as it has been documented that the company has an exact time frame in which they must comply

Which they missed....by a mile. And counting. And have not yet filed their seriously delinquent 10-K AND 10-Q. They even told the SEC they would file the 10-K by December 15th - and didn't. And that 10-K has absolutely nothing to do with the merger and that is not a legitimate excuse for its delay, as the financial statements required by the 10-K far predate the merger - it is for TALK only.

http://www.sec.gov/Archives/edgar/data/1373444/000149315215005928/nt10-k.htm

The due date for the combined entity financials is completely unrelated. But lets see if they make that due date or will be late there, too. But regardless, they ARE seriously delinquent in their SEC filing obligations.

[DreamGreen]

Very informative post! Member mark for you! I agree 100%. TALK is a very rare find. They have the revenue and now they are working on getting expenses down. They just reduced their costs by $720,000/year!

a rapidly expanding company like UMS routinely rack up this type of debt in early years. But it seems the company intends exactly the right action to rectify this. Reducing expenses at the rate they claim as their plan seems legit. Many companies expand their revenue base then become profitable simply by enacting such expense reducing policies. That is not uncommon.

[DreamGreen]

I recently spoke to our CEO, David Levy. His main focus right now is profitability and the filings to become SEC current again. The 10k is delayed due to TALK having to re-audit 2 years of Financials. This is due to the fact that their auditor was suspended by the SEC. There is absolutely no concern about the late filing as the SEC obviously makes allowances in these circumstances.

As far as profitability goes the steps they areally taking were outlined in the latest PR! Great things coming to TALK! Details in the near future!

[Ronin_Trader]

NICE POST Robcula!!!! You hit the nail on the head on all points by refuting illegitimate and pure deceptive claims. TALK is rare find as you stated and not a scam (*chuckles).

Your points are very clearly thought out with an unbiased and rational conclusion of the great potential seen in a very positive company, TALK. Clear thinking like minds can see through the unequivocally false claims.

We all know the OTCs has no perfect investments. We all come to the OTCs to trade these stocks because we understand that like in real estate, unwanted short sales and foreclosures can bring the highest returns on your money. So goes it with the OTC... The unwanted OTCs is a lot like the real estate short sales and foreclosures that most don't want or see as an investment to the untrained eye. But to the ones that can see past the fix ups... Just like the so called "garbage" short sales or foreclosure properties...we see the potential in these unwanted so-called "garbage" OTC investments and can spot the gems out of the group like in TALK.

[m_m007]

Cant agree with you more! Go the new TALK