Pro Forma Sales equals $13,888,500 Price/Sales
Post# of 8802
Posted On: 11/18/2016 1:08:34 AM
Pro Forma Sales equals $13,888,500
Price/Sales Ratio Math for iTalk
Pro Forma Net Sales per share is Total sales divided by number of shares
Divide $13,888,500(revs) / 1.875bil(shares) = .0074(net sales per share)
P/S Ratio is Share Price divided by Net Sales per Share
as of 11/04/2016 $0.0005/$0.0074=0.06
P/S = Investors pay $0.06 for every $1.00 in sales = 0.06:1
http://www.investopedia.com/university/ratios...opedia.com
Check out the sector comparison
https://screener.finance.yahoo.com/b?sc=840&a...;db=stocks
UMS LLC was generating losses and had nothing to do with CPD Mobile's 1600 stores that probably get inventory from T-Mobile now that UMS LLC has been reorganized into retail only. UMS(not UMS LLC) still generates revenue($10million approx.) from CPD Mobile's 1600 stores as far as we know. iTalk inc. has fewer than 500 shareholders of record of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years therefore its filing obligations are suspended. I assume TALK has been filing on a voluntary basis for years.
https://www.sec.gov/info/smallbus/qasbsec.htm#disclosure
Section 108. Form 15
Question 108.01
Question: Section 15(d) of the Exchange Act provides an automatic suspension of the periodic reporting obligation as to any fiscal year (except for the fiscal year in which the registration statement became effective) if an issuer has fewer than 300 security holders of record at the beginning of such fiscal year. In contrast, Rule 12h-3 permits a company to suspend its reporting obligation under Section 15(d) if the requirements of the rule are met at any time during the fiscal year. Is a Form 15 required to be filed under Rule 12h-3 as a condition of the suspension?
Answer: Because situations exempted by Rule 12h-3 (e.g., there are fewer than 300 security holders of record in the middle of a fiscal year) do not meet the literal test of Section 15(d), Rule 12h-3 requires the filing of Form 15 as a condition of the suspension. By contrast, under Rule 15d-6, if an issuer has fewer than 300 security holders of record at the beginning of the fiscal year, a Form 15 should be filed to notify the Commission of such suspension, but the suspension is granted by statute and is not contingent on filing the Form 15. [September 30, 2008]
https://www.sec.gov/divisions/corpfin/guidanc...nterps.htm
5 New iTalk Lease Management Offices
Italk Lease Mgmt
Phone: (806) 785 1333
6002 Slide Rd
LubbockTX79414-4310
http://usplaces.com/others/lubbock-tx/italk-lease-mgmt
Italk Lease Managment LLC
864-715-0447
220 Hillcrest Dr Laurens, SC 29360-2342
http://www.whitepages.com/business/italk-leas...laurens-sc
Italk Lease Management Llc
Phone: (828) 513 1930
671 Spartanburg Hwy
Hendersonville Henderson, NC 28792-5762
http://usplaces.com/others/hendersonville-nc/...gement-llc
ITALK LEASE MANAGEMENT LLC Principals
M, G, R, M Italk Inc
Address 100 E LINTON BOULEVARD, SUITE 111, DELRAY BEACH, FL, 33483
https://florida.intercreditreport.com/company...6000118869
ITALK LEASE MGMT,LLC
10/07/16
2502 S BELT LINE RD #300
(770) 807-7735
6140-A NORTHBELT PKWY NORCROSS GA 30071
http://apps.gptx.org/GPTX/EconomicDevelopment...rid-page=5
Core Internet Assets
Price/Sales Ratio Math for iTalk
Pro Forma Net Sales per share is Total sales divided by number of shares
Divide $13,888,500(revs) / 1.875bil(shares) = .0074(net sales per share)
P/S Ratio is Share Price divided by Net Sales per Share
as of 11/04/2016 $0.0005/$0.0074=0.06
P/S = Investors pay $0.06 for every $1.00 in sales = 0.06:1
http://www.investopedia.com/university/ratios...opedia.com
Check out the sector comparison
https://screener.finance.yahoo.com/b?sc=840&a...;db=stocks
UMS LLC was generating losses and had nothing to do with CPD Mobile's 1600 stores that probably get inventory from T-Mobile now that UMS LLC has been reorganized into retail only. UMS(not UMS LLC) still generates revenue($10million approx.) from CPD Mobile's 1600 stores as far as we know. iTalk inc. has fewer than 500 shareholders of record of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years therefore its filing obligations are suspended. I assume TALK has been filing on a voluntary basis for years.
https://www.sec.gov/info/smallbus/qasbsec.htm#disclosure
Section 108. Form 15
Question 108.01
Question: Section 15(d) of the Exchange Act provides an automatic suspension of the periodic reporting obligation as to any fiscal year (except for the fiscal year in which the registration statement became effective) if an issuer has fewer than 300 security holders of record at the beginning of such fiscal year. In contrast, Rule 12h-3 permits a company to suspend its reporting obligation under Section 15(d) if the requirements of the rule are met at any time during the fiscal year. Is a Form 15 required to be filed under Rule 12h-3 as a condition of the suspension?
Answer: Because situations exempted by Rule 12h-3 (e.g., there are fewer than 300 security holders of record in the middle of a fiscal year) do not meet the literal test of Section 15(d), Rule 12h-3 requires the filing of Form 15 as a condition of the suspension. By contrast, under Rule 15d-6, if an issuer has fewer than 300 security holders of record at the beginning of the fiscal year, a Form 15 should be filed to notify the Commission of such suspension, but the suspension is granted by statute and is not contingent on filing the Form 15. [September 30, 2008]
https://www.sec.gov/divisions/corpfin/guidanc...nterps.htm
5 New iTalk Lease Management Offices
Italk Lease Mgmt
Phone: (806) 785 1333
6002 Slide Rd
LubbockTX79414-4310
http://usplaces.com/others/lubbock-tx/italk-lease-mgmt
Italk Lease Managment LLC
864-715-0447
220 Hillcrest Dr Laurens, SC 29360-2342
http://www.whitepages.com/business/italk-leas...laurens-sc
Italk Lease Management Llc
Phone: (828) 513 1930
671 Spartanburg Hwy
Hendersonville Henderson, NC 28792-5762
http://usplaces.com/others/hendersonville-nc/...gement-llc
ITALK LEASE MANAGEMENT LLC Principals
M, G, R, M Italk Inc
Address 100 E LINTON BOULEVARD, SUITE 111, DELRAY BEACH, FL, 33483
https://florida.intercreditreport.com/company...6000118869
ITALK LEASE MGMT,LLC
10/07/16
2502 S BELT LINE RD #300
(770) 807-7735
6140-A NORTHBELT PKWY NORCROSS GA 30071
http://apps.gptx.org/GPTX/EconomicDevelopment...rid-page=5
Core Internet Assets
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