InvestorsHub Logo

Tesla_se

05/30/16 2:30 PM

#49019 RE: 21ZNA9 #49017

TALK has answered the SEC

Read the rest of the story here:

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001373444&type=&dateb=&owner=exclude&start=40&count=40

http://www.sec.gov/Archives/edgar/data/1373444/000000000014039209/filename1.pdf

http://www.sec.gov/Archives/edgar/data/1373444/000135448814002198/filename1.htm

"Response: The financial reporting structure of the Seller (Data Jack, Inc.) from which the assets ofITG were acquired, did not segregate the ITG business transactions from its other related businessactivities in its accounting system nor did it disclose ITG's financial results independently. TheCompany evaluated the cost of separating and recasting the ITG financial results from theprevious 2 years of transactions into discrete financial statements to obtain an independent auditopinion and concluded that it was cost prohibitive and disproportionate to the value of the assetsacquired. Since the actual transaction closing did not occur until June 6, 201.3 (4th Quarter), theCompany deemed the disclosure of actual results of operations (which were consistent with prioryears) in its l0-K and subsequent l0-Q (1't Quarter) to be sufficient in the circumstances.

beer$$money

05/30/16 2:36 PM

#49020 RE: 21ZNA9 #49017

A 27 month old comment letter for the Old TALK? Wow I better sell all my shares that's scary!!!

Dear Mr. Dea:
We issued a comment on the above captioned filing on February 27, 2014.