Replies to post #80204 on iTalk Inc. (fka TALK)

[Scott12]

Well, if TALK trades on the Greys, there is still a small chance it could bounce a little. PGPM is a good example. That stock was recently booted from the OTC and started trading on the Greys about a month or two ago. I've seen it trade as low as .0002 and as high as .0006 in a span of just a few days. Unfortunately, grey stocks don't trade much volume so odds are it will be hard to get out.

[integral]

As of April 22,2015, there were 349,543,348 shares of registrant’s common stock outstanding.

https://www.sec.gov/Archives/edgar/data/1373444/000135448815001886/talk_10q.htm

As of August 24, 2015, there were 1,808,001,287 shares of registrant’s common stock outstanding.

https://www.sec.gov/Archives/edgar/data/1373444/000149315215003986/form10-q.htm

On September 24, 2015, iTalk Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Kil W. Lee and United Mobile Solutions Corp. (“UMS”). Pursuant to the terms of the Purchase Agreement, the Company agreed to acquire from Mr. Lee all of the UMS issued and outstanding common stock in exchange for shares of the Company’s preferred stock, convertible into 85% of the Company’s fully diluted common stock (the “Exchange”).

https://www.sec.gov/Archives/edgar/data/1373444/000149315215004533/form8-k.htm

When did the two parties initiate discussions into this PSA? Somewhere between 349,543,348 shares O/S and 1,808,001,287. Someone got paid with those 1.5 billion shares. And it was not the shareholders owning 1.875 billion shares whom got their shares suspended today.