The first thing I usually do whenever I discover a new penny turd is to check the history of the CEO. While doing my DD on TALK(Feb of 2014) I noticed all of those allegations against that other David Levy. It came as a relief to see that they were different people. Unfortunately, after a little more digging into the David Levy of TALK, I soon discovered he wasn't much better.
Here is a summary of TALK's David F. Levy:
"David F. Levy has a long history of being involved in companies (including publicly traded companies) that focus on all sorts of wireless communications.
He was briefly the president of GlobalNet Corp (GLBT) in 2004. After Levy left, GLBT ended up turning into a huge dilution scam involving Corey Ribotsky and eventually the ticker got revoked by the SEC in 2010.
Immediately after leaving the CEO position at GLBT, Levy became the CEO of InZon Corp (IZON). He remained the CEO of IZON until 2007, but has since remained on board as the Chairman of the Board and very large beneficial shareholder of IZON. IZON stopped fulfilling its SEC reporting requirements in 2008 and has basically gone silent over the last several months.
Prior to getting involved in what has now amounted to pink sheet junk, David F. Levy had a stop with a NASDAQ company in the 90s known as SubMicron Systems Corporation. SubMicron Systems Corporations would eventually fall from its NASDAQ tier and end up getting picked apart in Bankruptcy.
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