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DJPele

07/31/17 10:44 PM

#78408 RE: 1manband #78405

Talk won't be part of UMS post BK huh?

Per the footnote:

*****Upon execution of the Agreement, Lee was elected as the President of Italk and appointed to serve on its board of directors. After being informed that deal could not close, Lee resigned from Italk. David F. Levy is the Chief Executive Officer of Italk as well as Chairman of the Board of Directors, Treasurer, and secretary. Richard Dea also serves as a director of Italk. Neither Levy nor Dea are involved with UMS as of February 2017. Both individuals understand that the agreement will be rescinded.*****

1.) This was BEFORE we found out that Fox Holdings will be taking over UMS and becoming the new debtor.

2.) UMS's last three operating reports (APRIL, MAY, JUNE) has iTALK all over it. Perhaps that footnote no longer applies since it stated "Feburary", but yet there are continued operations between the two.

I believe you are VERY wrong.