Sent an email to Dave. i don't know how to post a screenshot here, but this is what I wrote:

Quote:

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Mr. Levy,

My name is ____________. I am a shareholder of TALK, and just had some questions with regards to the recent CH 11 BK plan that was submitted.

In the BK plan, it states that "prepetition shares will be canceled.":

"6.12 Class 12: Interest Claims Class 12 consists of Interest Claims. Upon entry of the Confirmation Order, prepetition shares will be canceled. New stock in the Reorganized Debtor shall be issued (“PostPetition Shares”) to Telecom Acquisition Partners, Inc., a Wyoming Corporation in exchange for a cash infusion in the amount of $100,000.00 which such funds shall be used to pay administrative expense claims and otherwise fund the operations and plan obligations of the Debtor. Richard Dea, the CFO for the Debtor, is the sole shareholder of Telecom Acquisition Partners, Inc. If Class 11 does not vote to accept the Plan as a Class, then the following additional terms shall apply: Telecom Acquisition Partner’s purchase of the 100% equity interest of the reorganized debtor may be subject to competing bids in the market place under certain circumstances. Specifically, if Class 11 of unsecured claims does not vote to accept the Plan as set forth in this provision, then in that event third parties may be able to purchase the equity interest of the reorganized debtor by appearing at the confirmation hearing and submitting a bid for the equity interests. At the Confirmation Hearing, an auction may be held at the direction and upon such terms as directed by the Court. The requirements for and validity and sufficiency of any such competing bid shall be subject to the approval and review of the Court. The Post-Petition Shares shall be issued to such person who submits and pays the highest amount at such auction with such bid approved by the Court."

Does this mean TALK will lose ownership of UMS LLC? If not, can you please expound on this?

Secondly, will there be a Press Release to provide clarification to investors? Also, do we have a time frame with regards to financials and when they may be submitted for TALK to become current?

I appreciate your time in this matter. Thank you.

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I will post if he responds.