- Zacks Small Cap Research•6 days ago
Elephant Talk (ETAK) management is continuing steps to rescue the company from the brink. The company put out a filing on August 5, 2016, revealing it was so cash strapped it could not meet payroll. The lender increased the loan facility by $1,200,000, waived the Company’s existing defaults under the financial covenants, and reset the maturity date to December 31, 2016.
- PR Newswire•9 days ago
NEW YORK, Aug. 16, 2016 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) (" ET " or the " Company "), a provider of cloud-based mobile network solutions, today announced ...
- PR Newswire•10 days ago
NEW YORK, Aug. 15, 2016 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("ET" or the "Company"), a provider of cloud-based mobile network solutions, today announced that it had reached agreement in principle with its senior secured lender to increase and restructure its existing $6 million loan. Under the terms of the proposed Second Amendment, the senior secured lender will increase the loan facility by $1,202,447, waive the Company's existing defaults under the financial covenants and will reset the agreed maturity date to December 31, 2016, among other changes. Hal Turner, Executive Chairman of the Board of ET, commented: "It gives me great pleasure to confirm that we have reached agreement in principle with our senior secured lender to restructure our debt financing arrangements.
Elephant Talk Communications Corp. (ETAK)
NYSE MKT - NYSE MKT Real Time Price. Currency in USD
|Bid||0.16 x 2800|
|Ask||0.16 x 100|
|Day's Range||0.14 - 0.16|
|52wk Range||0.10 - 0.63|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-1.31|
|Avg Vol (3m)||245,948|
|Dividend & Yield||N/A (N/A)|