{"id":7007,"date":"2015-09-30T13:11:38","date_gmt":"2015-09-30T13:11:38","guid":{"rendered":"\/?p=7007"},"modified":"2015-09-30T13:14:44","modified_gmt":"2015-09-30T13:14:44","slug":"investors-forget-about-italk-inc-otcmktstalks-problems","status":"publish","type":"post","link":"\/articles\/investors-forget-about-italk-inc-otcmktstalks-problems\/","title":{"rendered":"Investors Forget About Italk Inc (OTCMKTS:TALK)&#8217;s Problems"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91486\/talk.gif\" border=\"0\" width=\"400\" height=\"231\" \/>Italk Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a>) first logged a close of $0.0001 per share on April 9 and a lot of people were quite shocked by this. Unlike many of the OTC companies that found themselves hitting rock bottom, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a><\/strong> is actually a working entity that has been generating revenues for quite a while.<\/p>\n<p>A point proven by the report for the quarter ended May 31. It looks like this:<\/p>\n<ul>\n<li>cash: $34,300<\/li>\n<li>current assets: $39,794<\/li>\n<li>current liabilities: $2,035,145<\/li>\n<li>quarterly revenues: $181,475<\/li>\n<li>quarterly net income: $185,926 <\/li>\n<\/ul>\n<p>Indeed, the figures are not perfect. The debt is quite huge, there&#8217;s been a 17% revenue drop on a year-over-year basis, and, as you might have guessed already, the net income comes from changes in the fair value of derivatives. The statement isn&#8217;t nearly as horrific enough to suggest that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a><\/strong> should be stuck to the bottom however. Yet, stuck it was, and it spent quite a while scraping it.<\/p>\n<p>Many people were scratching their heads wondering what might be going on. Others set themselves the task of finding out. They didn&#8217;t need to look far and wide. In fact, all they needed to do was scroll past the figures in the latest 10-Q and go through the rest of the report.<\/p>\n<p>In there, they found out that between August 31 2014 and May 31, 2015, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a><\/strong> was forced to issue no less than <strong>1,312,946,954 shares in order to satisfy exactly $306,240 worth of convertible debt<\/strong>. A few turns of the scroll wheel later, they also saw that between May 31 and June 30, the company issued <strong>a further 383,804,880 shares as a conversion of just $18,228 worth of debt<\/strong>.<\/p>\n<p>The word about the absolutely catastrophic dilution was spread around quite quickly and trading all but seized. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a><\/strong> was abandoned and it looked like nothing could possibly lift it off the bottom. Yesterday, the stock defied the odds.<\/p>\n<p>The company announced that it&#8217;s preparing itself for the acquisition of an entity called United Mobile Solutions Corp which will be accompanied by a change in control and apparently, investors reckon that this is exactly what <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a><\/strong> needs. In a matter of six and a half hours, they racked up a dollar volume of more than $180 thousand (which is quite a lot for a stock that has been stuck in the murky depths of the triple-zero range) and they pushed it to a close of $0.0002 per share. That may not sound like much, but <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a><\/strong> effectively doubled its value and the huge volume goes to show that people believe in its ability to continue going up.<\/p>\n<p>Indeed, the press release says that the future subsidiary is about to bring in as much as $16 million in annual revenues and this should give the operations a massive boost. As we established already, however, solid revenues alone haven&#8217;t been enough to keep <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TALK\">TALK<\/a><\/strong> afloat. Even if you reckon that things will change in the future, you mustn&#8217;t forget that about <strong>94% of the latest reported O\/S count was issued at an average rate of $0.00019 apiece<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italk Inc (OTCMKTS:TALK) first logged a close of $0.0001 per share on April 9 and a lot of people were quite shocked by this. Unlike many of the OTC companies that found themselves hitting&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[672],"class_list":["post-7007","post","type-post","status-publish","format-standard","hentry","category-news","tag-talk"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=7007"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7007\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}