Replies to post #75250 on iTalk Inc. (fka TALK)

[AbleBody77]

Wilma with your comment, and this.....

ORDERED and NOTICE IS HEREBY GIVEN that:
A. The Disclosure Statement filed by Debtor is approved subject to further objections by creditors for cause shown.

If they are not a creditor, then they are pulling an URSA tactic. Just pi$$ed that the opening bid is 500k instead of 50k and got boxed out. Plus the 25k incremental bid price cannot help their cause either. Additionally the disclosure plan was approved on the 17th; and Foxx filed on the 22nd. Anyone can file a motion, but does it hold merit?? The magistrate has to make that call. jmo.

[RisingProfit]

Nothing they can stop, then?

[Ronin_Trader]

The next step in the process is the ballot voting by the creditors on the Plan.

If creditors vote two-thirds on plan. Then...no auction.

The Plan referred to in this ballot can be confirmed and thereby made binding on you if it is accepted by the holders of two-thirds in amount and more than one-half in number of claims in each Class. If the required acceptances are not obtained, the Plan may nevertheless be confirmed if the Court finds that the plan accords fair and equitable treatment to the Class or Classes rejecting it and otherwise satisfies the requirements of Section 1129(b) of the Code.

Also, if the required acceptance are not obtained on the Plan, the Plan may still be confirmed by the Court, if the Court finds the Plan fair. So, the Court can still confirm the Plan without appropriate votes.

The Plan referred to in this ballot can be confirmed and thereby made binding on you if it is accepted by the holders of two-thirds in amount and more than one-half in number of claims in each Class. If the required acceptances are not obtained, the Plan may nevertheless be confirmed if the Court finds that the plan accords fair and equitable treatment to the Class or Classes rejecting it and otherwise satisfies the requirements of Section 1129(b) of the Code.

https://cdn.pacermonitor.com/pdfserver/OT5H65Q/71867237/United_Mobile_Solutions_LLC__ganbke-16-62537__0167.0.pdf

[420 Stocks]

Ya if they are a shareholder wouldn't that be considered insider trading?