Replies to post #58988 on iTalk Inc. (fka TALK)

[AbleBody77]

Agreed! For investment purposes only= equity financing= restricted provisions. That's one of the reasons why the merger was set-up originally. imo.

Unable to obtain adequate debt financing, management decided that it was in the best interest of iTalk's shareholders to pursue a course that would enable the Company to get back on track through equity financing; a far more efficient and economical stratagem. Earlier this year, the iTalk/UMS merger opened the door to access significant equity investment capital through the sale of stock to fund its new retail development strategy as a master dealer working in concert with its carrier partners.

[V4T2020]

Plus, once res shares sold, new tacking period starts...