• Report: #1058630
Complaint Review:

elephant talk communications corp (ETAK)

  • Submitted: Wed, June 12, 2013
  • Updated: Wed, June 12, 2013

  • Reported By: joseph — new york city New York
elephant talk communications corp (ETAK)
Internet Netherlands

elephant talk communications corp (ETAK) ETAK will never make a profit: a true investor fraud schiphol, amsterdam Internet

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A High nvestor Risk and potential fraud. Elephant talk (ETAK) is a high investor risk, a realpotential fraud, a self-serving management thiefdom with excessive salaries and stock bonuses and not based on performance pkus it will never make a profit for 90% of its business is the sale of prepaid telephone cards. The hipe they use: Validsoft technolgoy is too insignificant part of its annual revenues. The Company has stated on numerous occassions (see April 2, 2013) the most recent April that they will make a profit in order to move its stock price but never does. Further, its stock is constantly being upticked in the last 5 minutes of trading today - up 3 cents to settle/ close at $72.

This report was posted on Ripoff Report on 06/12/2013 01:19 PM and is a permanent record located here: http://www.ripoffreport.com/reports/elephant-talk-communications-corp-etak/internet/elephant-talk-communications-corp-etak-etak-will-never-make-a-profit-a-true-investor-1058630. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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