ELEPHANT TALK COMM CORP

CUSIP: 286202205 Class: COM NEW

Formidable Asset Management, LLC's Holding History (CIK: 0001592613)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015
Shares 3,000 Value ($000) $1 Avg Close — Range —
Q1 2015
Shares 3,000 Value ($000) $1 Avg Close — Range —
Q4 2014
Shares 3,000 Value ($000) $2 Avg Close — Range —
Q3 2014
Shares 3,000 Value ($000) $3 Avg Close — Range —