- PR Newswire•9 days ago
NEW YORK, Oct. 11, 2016 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("Elephant Talk," or the "Company"), a leading international provider of mobile networking ...
- PR Newswire•16 days ago
NEW YORK, Oct. 4, 2016 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("Elephant Talk," or the "Company"), a leading international provider of mobile networking software and services, today announced the divestiture of its wholly-owned subsidiary, ValidSoft, completing the last major step in the Company's comprehensive restructuring plan. Elephant Talk preserves its ability to continue to co-market and bundle ValidSoft's Voice Biometric and Authentication services, which represents ongoing revenue generation opportunities as part of a perpetual license, without restrictions, including incorporating ValidSoft's future release versions into Elephant Talk's growing global mobility cloud platform offerings. A management buy-out group, VSFT Holdings, led by Pat Carroll, the founder and CEO of ValidSoft, has agreed to acquire the shares of ValidSoft for a combination of $2 million in cash, which is being used to reduce the note of Elephant Talk's senior secured lender, Atalaya and a $1 million unsecured note, bearing 5% interest, with a 2-year maturity date.
- PR Newswire•last month
NEW YORK, Sept. 13, 2016 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("ET" or the "Company"), a leading international provider of mobile networking software and services, today announced that the NYSE MKT LLC (the "Exchange") has issued a determination accepting the Company's August 19, 2016, plan of compliance, as amended, and granted the Company a conditional plan period through December 31, 2016, as described below. On September 7, 2016, the Company received a notice from the Exchange indicating that the Company is not currently in compliance with the Exchange's continued listing standards as set forth in Section 1003(a)(ii) of the NYSE MKT Company Guide (the "Company Guide"), since the Company's reported stockholders' equity as of June 30, 2016 is $2.5 million and the Company has net losses in its last five most recent fiscal years ended December 31, 2015.
Elephant Talk Communications Corp. (ETAK)
NYSE MKT - NYSE MKT Delayed Price. Currency in USD
|Bid||0.19 x 300|
|Ask||0.19 x 10900|
|Day's Range||0.19 - 0.20|
|52wk Range||0.10 - 0.44|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-1.58|
|Avg Vol (3m)||227,246|
|Dividend & Yield||N/A (N/A)|