420...the initial 8k said he would not receive them until they provided iTALK with 2 years of audited fins for the SEC which we have yet to see. But I looked at the 8k that discusses the Jan 29 close and it appears he was given the preferred on that date which are convertible into the CS. The clock would not start running until the shares are issued. IMO that would be when UMS provides iTALK with the 2 years of audited fins that will appear on the amended 8k.

In the end it is a moot point because Lee is not selling his shares and will use it for investment purposes. Levy said the restriction will last for 1 year on those shares.

This is nothing to worry about. We just need those 2015 filings to get done so we can get current.