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Interesting...I show DOMS joined and on the bid at 1.90 now with HDSN on the low ask at 2.00.
JJ
Posted by: dejavu alloveragain
In reply to: JJSeabrook who wrote msg# 381
Date:5/1/2008 12:09:40 PM
Post #of 390
2.00 today
Yes they can, but if they file 211 they aren't piggybacking, they are taking responsibility as well.
http://www.otcbb.com/AboutOTCBB/Forms/form211.pdf
Part 5 – Certification
The undersignedmust have a reasonable basis for believing that the information accompanying this
formis accurate in allmaterial respects and that the sources of the information are reliable.
By signing this document, I acknowledge and certify that my firmhas a reasonable basis for believing
that the information accompanying this form(including required EDGAR filed documents not
provided)
is accurate in allmaterial respects and that the sources of the information are reliable (“affirmative
review obligation”) as required by Rule 15c2-11 under the 1934 Act and NASD Rule 6640. I understand
and acknowledge that this affirmative review obligation applies to all subsequent submissionsmade
in connection with this Form211 application. Further, I certify that I have examined this formand, to
the best ofmy knowledge and belief, it is true, correct, and complete. I understand and acknowledge
that copies of this form, accompanying documents, and subsequent submissionsmade in connection
with this Form211 applicationmay be provided to the Securities and Exchange Commission, or other
regulatory agencies, Pink Sheets LLC, and to the public upon request through the Pink Sheets LLC.
Actually, I believe that others can piggyback much earlier than 30 days by filing a piggy-back 211, but they've got to file within a specific timeframe. After 30 days all that is required is permission from FINRA, which evidently is a very simple process at that stage of the game.
All of the above I learned on the SLON board during its very long 30-day wait, so it might not be completely accurate.
I was looking at QuoteMedia. Do you use this microcap thing? I find it to be not very good
I show KBRO, HDSN & NITE on L2.
So, they converted something at .50 and are taking buyers at a buck?
Time & Sales
Price Size Exch Time
1.00 3000 OBB 10:20:54
1.00 5000 OBB 10:08:22
1.00 5000 OBB 09:33:14
t 1.00 2100 OBB 04/30
1.00 100 OBB 04/30
w 1.00 2000 OBB 04/30
1.00 100 OBB 04/30
0.50 80000 OBB 04/30
0.50 5000 OBB 04/30
0.50 50000 OBB 04/30
0.50 20000 OBB 04/30
0.50 80000 OBB 04/30
w 0.50 69700 OBB 04/30
0.50 70000 OBB 04/30
0.50 20000 OBB 04/30
0.50 70000 OBB 04/30
0.50 2000 OBB 04/30
0.50 10000 OBB 04/30
0.50 45000 OBB 04/30
1.00 100 OBB 04/30
1.00 200 OBB 04/30
0.50 5000 OBB 04/30
0.50 5000 OBB 04/30
w 0.50 7000 OBB 04/30
0.50 7000 OBB 04/30
0.50 5000 OBB 04/30
0.50 5000 OBB 04/30
0.50 3623 OBB 04/30
0.50 2000 OBB 04/30
0.50 7000 OBB 04/30
He'd be the one that filed the 211 for them. Others can piggyback on in 30 days.
KBRO only MM on L2
Kaufman Bros., L.P.
NASDAQ TRADING
800-807-8723
NEW YORK, NY
212-292-8140
old iBox saved:
Company Website
http://www.tripath.com/
About the Company:
DPP® is a revolutionary technology with applications in a wide range of markets, including audio systems, high-speed networking and wireless communication.
In the audio arena, DPP® has given rise to a new class of true digital audio amplifiers, known as Class-T®. Our technology provides a combination of fidelity, power efficiency and economy far superior to the Class-A, -AB and -D amplifiers prevalent in current- generation audio. Tripath provides audio amplifier solutions to manufacturers of professional, home, car and PC sound systems.
In the area of high-speed networking, Tripath is using our expertise in power amplification to develop integrated silicon solutions for the DSL market. Our product features will enable DSL providers to increase port density and reduce energy costs. Within the wireless market, we are developing RF power amplifier solutions for cellular phones.
With our Digital Power Processing technology, Tripath is uniquely positioned to change the way power is processed.
Advances in semiconductor technology have enabled a digital revolution and spawned products that entertain us and improve our productivity. From CD players to digital high definition TV; from the PC, through optical networks, to the Internet and wireless telephones, digital electronics and signal processing has been the core enabling technology that brings the performance and cost for mass adoption.
Tripath now extends this digital revolution to the final frontier – the power devices that drive the human interfaces and communication networks. Using its proprietary Digital Power Processing technology, Tripath is combining the modern advances in digital signal processing with the power semiconductor technology to achieve a new level of performance and efficiency for amplifier and related products. The products Tripath will create with this new technology will enable entirely new classes of products and new levels of performance for existing products. More specifically, Tripath is engaged in applying this technology to audio systems, high-speed networking and wireless communications.
Audio
In Audio, Tripath is enabling personal computers to have home theater quality sound systems. In home and car sound systems, Tripath technology is enabling systems with more power in smaller, lighter configurations. Tripath has used its Digital Power Processing technology to create a new breed of digital audio amplifiers referred to as Class-T® amplifiers.
Class-T® digital amplifiers provide the audio fidelity of traditional linear (Class-A/B) amplifiers with more than twice the power efficiency of these devices. This leads to higher levels of integration and smaller packages at the semiconductor level. At the system level, these advantages reduce the size of power supplies and heat sinks and significantly reduce the heat management challenges of today's dense, complex electronic systems. While pulse width modulated (PWM) switching amplifiers (Class-D) can also achieve similar power advantages, none have been able to do so without a significant compromise in audio fidelity. Hence Tripath?s new designation, the Class-T® digital amplifier the new standard in audio performance and power efficiency. For more details on Tripath's Class-T® technology you can download the white paper below.
Communications
TLD401X Data Sheet
Today's high-speed wire line and wireless networks have similar requirements for amplifiers with low signal distortion while also being very efficient in power consumption. The ability for next generation cell phones and wireless products to carry voice and high-speed data require power amplifiers that are low noise and low distortion while simultaneously extending talk time and battery life. Tripath has R&D programs aimed at applying our Digital Power Processing technology to these important applications.
Another communications application that Tripath is targeting its technology for is Digital Subscriber Line (DSL). Specifically, Tripath is developing DSL line drivers that significantly lower the power consumption of DSL line cards in central office equipment. This allows more lines per card with less power and heat management issues, all critical considerations in this rapidly growing market.
Tripath intends to continue to innovate its Digital Power Processing technology and apply it to high volume applications that require high performance and low power signal amplification.
Tripath's Digital Power Processing technology will revolutionize the way we communicate. From Audio to DSL to Wireless Communication products, we will help make systems smaller, lighter and more powerful
Tripath has developed a family of highly efficient, switching power amplifiers for the audio market. These markets include: Consumer Audio such as home stereo, home theater, set top box, Web-based digital audio systems and gaming systems; Computer Audio for external powered speakers, add-in card for driving passive speakers and mother-board based solutions to drive passive speakers; Automotive Audio including after-market trunk full band amplifiers and subwoofers and in-dash head unit amplfiers.
Our DSL line drivers will allow service providers to increase the number of subscriber lines, their reach and signal speed without modification to existing infrastructure.
Implementation of our Digital Power Processing techniques in the RF power amplifier arena will yield longer battery life and longer talk time for cellular phone users.
Contact:
Tripath Technology Inc.
2560 Orchard Parkway
San Jose, CA 95131
Tel: 408-750-3000
Fax: 408-750-3001
Toll-free: 1-877-TRIPATH
Let's see...5,010,000 shares to secured creditors of TRPH, PLUS convertible debentures hangin out there. I'd venture to guess that those creditors won't hang onto their shares very long, given the fact that Etelos lost more money last year than it did the year before.
Barring some heavy duty PRs showing a very big boost in income, I would imagine that the share price will have a pretty hard downtrend from here. Have to wait and see what gets PR'd and what the selling pressure looks like. Still not one I'd camp on, but could be good for a flip here and there.
JJ
Posted by: dejavu alloveragain
In reply to: dejavu alloveragain who wrote msg# 379
Date:4/30/2008 4:52:25 PM
Post #of 380
shows 425,000 volume closing at 1.00
shows 425,000 volume closing at 1.00
ETLO volume today? http://finance.yahoo.com/q?s=ETLO.OB
Lucky guess. LOL
JJ
AMTD says "you can't trade it until we get shares from TA"
Which is bizarre, since I don't have shares.
Boilerplate.
Yeah, I know - me, too. I was just noticing the one lone MM there after the uplist and it reminded me of SLON's really long 30 days. The frown in my last post was for SLON, not for ETLO.
I'm just watching out of curiousity.
Don't really have any interest in the new company, they lost .29/share last year, up from .14/sh loss the year before.
If ETLO goes through what SLON just went through when it uplisted, it'll be 30 days before any other MMs join in. If other MMs choose to piggyback on KBRO's 15c2-11 (who the #@%^* is KBRO? - LOL) then things will move alot faster. In SLON's case it was a VERY long 30 days. ;-(
Etelos to Trade Under the Stock Symbol ETLO
SAN MATEO, Calif.--(BUSINESS WIRE)----
Etelos, Inc. (OTCBB:ETLO) a leading provider of SaaS for
businesses of any size, today announced that the OTC Bulletin Board
has issued it the stock symbol ETLO, effective April 29, 2008. Etelos
recently completed its reverse merger into Tripath Technology, Inc.
and through this transaction, will become a publicly traded company.
"With our merger completed, we are eager to begin trading under
the symbol ETLO," said Jeffrey L. Garon, Etelos president and CEO.
"The market for the development, distribution and consumption of
browser-based applications is undergoing tremendous change. Our SaaS
implementation will ultimately allow business consumers to more easily
build suites of applications that are customizable, scalable and
portable. Our SaaS model includes a Platform as a Service (PaaS), a
Marketplace for distribution and many cool Web apps for businesses and
users alike, creating an environment of platform agnostic distributed
computing."
About Etelos, Inc.
Etelos (OTCBB:ETLO) provides on-demand browser-based applications
on the hosting environment that you choose. Etelos(TM) technology for
developing and deploying on-demand applications is revolutionizing the
world of software distribution. The Etelos Marketplace(TM) gives
developers an easy way to license, distribute and host their
applications, and businesses a wide selection of fully customizable,
on-demand applications. Etelos, Etelos CRM(TM), Etelos Projects(TM),
and Etelos Marketplace are trademarks of Etelos, Inc.; other
trademarks are the property of their respective owners. For more
information about Etelos, please visit www.etelos.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding Etelos'
business which are not historical facts may be "forward-looking
statements" that involve risks and uncertainties. Forward-looking
statements include, among other things, statements concerning the
evolution of the market for browser-based applications, the timing of
the commencement of trading of Etelos stock, the future financial
performance of our company, the acceptance of our products and
services, the success and timeliness of our product and platform
roll-out and other statements qualified by words such as "anticipate,"
"believe," "intend," "may" and other words of similar import. These
statements are neither promises nor guarantees, but involve risks and
uncertainties that could cause actual results to differ materially
from those set forth in the forward-looking statements. For a
discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's reports that Etelos
files periodically with the Securities and Exchange Commission. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and Etelos undertakes no obligation to update
publicly any forward-looking statement for any reason, except as
required by law, even as new information becomes available or other
events occur in the future.
Green Communications Consulting, LLC
Leslie Green, 650-312-9060
leslie@greencommunicationsllc.com
Keyword: United States North America California
Industry Keyword: Technology Internet Software IPO
Source: Etelos, Inc.
*** end of story ***
yes, agree with everything you said.
dejavu, I don't want to see ANYBODY get their stock whacked...believe me. Hell, I've had'em whacked before too. I do understand holding out hope and prayin that maybe you held on and it'll turn into a BIG ONE...or at least you'll end up getting your money back you put in it.
At this point in time, the folks that stayed in it have nothing but hope, since TRPH is no longer trading and they have no ELTO stock, but still have something showing in their accounts, which is untradeable. Been there before. Held that hope myself for a while. Nothing wrong with that, my friend. It's all you have at this point.
One thing about this play is that it WAS UNIQUE. Lot of issues here, with the BK, then it gets listed on pinks and uplisted then on to the OTC...BOOM. I still don't think the BOOM is for the TRPH shareholders, but I've NEVER made a mistake before. LOL
Lots of folks weighed in on it, and some will be WRONG, and some will be right. As I said, I'm not in the play. Never bashed it, just weighed in with my thoughts on it. You can look at my posting history. I'm not one to bash stocks. I hope you rip the world a new one on this one! I don't think you will, but at this point, nothing wrong with a little hope.
Best of luck to you and all still in TRPH.
JJ
Posted by: dejavu alloveragain
In reply to: JJSeabrook who wrote msg# 365
Date:4/29/2008 4:27:34 PM
Post #of 369
apparently not. at least according to this guys brokerage acct:
Posted by: invest2win
In reply to: None Date:4/29/2008 8:29:34 AM
Post #of 365
Just for the record my shares now have the symbol of TRPHXZ which usually means a symbol change or restriction
I would "expect" there will be a PR tomorrow or the next day announcing the new symbol on the OTC.BB. Whether or not it will mention TRPH shares in it is questionable, but it might. I "think" they may figure that's already been addressed in prior PR's and filings. Why include it in a PR to tarnish the new trading symbol and company when you've already addressed it? Maybe they will, maybe they won't.
I kinda think that those that still show it in their accounts as TRPHXZ, or however it shows up, is because of the EX date, which indeed was weird. I think some brokers are still confused.
Anyway, may be a play for a flip off the PR, depending on what it says. I'll be watchin. Probably just a new trading symbol PR initially, and then once the shares get certed up with the brokers, maybe a nice PR to get some volume and make it move. Gonna keep it on my watch list for a couple weeks.
ALL JMO, of course.
JJ
Posted by: Jim Bishop
In reply to: JJSeabrook who wrote msg# 365
Date:4/29/2008 7:41:53 PM
Post #of 368
I think so too, we'll find out for sure in a few days from those that held it.
I think so too, we'll find out for sure in a few days from those that held it.
Well, you'll know for sure before too long.
JJ
Posted by: dejavu alloveragain
In reply to: JJSeabrook who wrote msg# 365
Date:4/29/2008 4:27:34 PM
Post #of 366
apparently not. at least according to this guys brokerage acct:
Posted by: invest2win
In reply to: None Date:4/29/2008 8:29:34 AM
Post #of 365
Just for the record my shares now have the symbol of TRPHXZ which usually means a symbol change or restriction
apparently not. at least according to this guys brokerage acct:
Posted by: invest2win
In reply to: None Date:4/29/2008 8:29:34 AM
Post #of 365
Just for the record my shares now have the symbol of TRPHXZ which usually means a symbol change or restriction
Pretty screwy deal, Jim, but I still think the TRPH shareholders that were still in it got whacked.
JJ
Posted by: Jim Bishop
In reply to: dejavu alloveragain who wrote msg# 362
Date:4/29/2008 11:50:04 AM
Post #of 364
I thought about it too, for about one second, just because it's such a screwy deal and that April 22 "effective" date is confusing.
ETLO going to OTC BB tomorrow, it's Pink today, BB tomorrow.
I got Matt to change the name and symbol here too.
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/29/2008&mkt_ctg=OTCBB
13:35 ETLO Etelos, Inc. Common Stock 4/30/2008 Y From NBB (ETLO)**
I thought about it too, for about one second, just because it's such a screwy deal and that April 22 "effective" date is confusing.
no, but I thought about buying some during the big crash just in case it really didn't disappear...
that may have been an OOPs.
Yes that's what I meant ETLO. No idea, did you keep some TRPH? Have to wait and see what happens with those that did keep some.
you mean ETLO.. so maybe not POOF after all
Comstock first, I guess? I sent an email anyway.
Nobody has quotes that I can find. Pink Sheets doesn't recognize the ETOL symbol yet.
no quotes on AMTD yet.
congrats! I sold for a loss... sounds like it was a mistake
Just for the record my shares now have the symbol of TRPHXZ which usually means a symbol change or restriction. Also my settle quantity which stated zero yesterday now says 10,000 shares which is the original amount of shares I purchased on the 23rd. So maybe they are not dead yet. I guess I'll find out if the symbol changes to the new one. I will call my broker and find out today.
We need to update this board to the new company name if anyone still cares.
15:37 ETLO Etelos, Inc. Common Stock 4/29/2008 Y
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=04/28/2008
Nope
"As a result of the plan of reorganization, all currently outstanding shares of Tripath have been cancelled and are of no force or effect. No liabilities of Tripath were acquired in the merger."
yes, but don't you find that 22% is an especially large amount of your company to give away? when most available
clean shells typically would do it for 5 to 10%?
another peculiarity of this one.
As I said time and time again, I believe this debt payment is in the form of the new shares WHEN they get approved as the new Etelos ticker (they don't have them yet)...if for some reason otcbb doesn't approved them, then I wonder what the hell!
I love this part:
"Universal Express has claimed that 6,000 small companies have been put out of business by naked shorting"
Yet when we ask the question, which many of us have done over the years, name one of those thousands of companies put out of business, just one company with a real product, without a toxic convertible, and with a business plan which involves something other than insider dilution...we get no answers.
yes, its been interesting watching the SEC starting take action against PIPE financing/naked short scenarios in the last few years.
as we all suspect, surely must be a lot of it to clean up:
http://www.themoneyblogs.com/peter/my.blog/short-selling-sec-rules-wwwgooglecom-by-peter-matus-.html
>>In December 2006, the SEC sued Gryphon Partners, a hedge fund, for insider trading and naked short-selling involving PIPEs in the unregistered stock of 35 companies. PIPEs are "private investments in public equities," used by companies to raise cash. The naked shorting took place in Canada, where it was legal at the time. Gryphon denied the charges.
In March 2007, Goldman Sachs was fined $2 million by the SEC for allowing customers to illegally sell shares short prior to secondary public offerings. Naked short-selling was allegedly utilized by the Goldman clients. The SEC charged Goldman which not ensuring those clients had ownership of the shares. SEC Chairman Cox commented, "That is an important case and it reflects our interest in this area."
In June 2007, executives of Universal Express, which had claimed naked shorting of its stock, were sanctioned by a federal court judge as “repeated and remorseless violators” of the securities laws. The SEC asserted that the company “appears to exist primarily as a vehicle for fraud.” Referring to a court ruling barring CEO Richard Altomare from serving as an officer of a public company, New York Times columnist Floyd Norris said: "In Altomare's view, the issues that bothered the judge are irrelevant. 'Long and short of it,' he said in a statement, 'this is a naked short hallmark case in the making.' Or it is proof that it can take a long time for the SEC to stop a fraud." Universal Express has claimed that 6,000 small companies have been put out of business by naked shorting, which the company says "the SEC has ignored and condoned."
In July 2007, Piper Jaffray Cos. was fined $150,000 by the New York Stock Exchange (NYSE). Piper violated securities trading rules from January through May of 2005, selling shares without borrowing them, and also failing to "cover short sales in a timely manner", according to the NYSE. At the time of this fine, the NYSE had levied over $1.9 million in fines for naked short sales over seven regulatory actions.
Also in July 2007, the American Stock Exchange fined two options market makers for violations of Regulation SHO. SBA Trading was sanctioned for $5 million, and ALA Trading was fined $3 million, which included disgorgement of profits. Both firms and their principals were suspended from association with the exchange for five years. The exchange said the firms used an exemption to Reg. SHO for options market makers to "impermissibly engage in naked short selling." >>>
thanks. In retrospect, inspite of all the confusing terminology in the filings and PR, I think reviewing the share structure should have given me the answer early on.
they issued 5m shares to the creditors of Tripath, and 17m something to the shareholders of Etelos. But there was no provision in those numbers for any other existing shareholders of Tripath.
My confusion partly came from thinking that the volume we saw on the 23rd could have been coming from the 5m shares issued to creditors of Tripath selling. And it may still even have been the case. But I expect not. They will get new shares in the new ticker I think, and the free trading float in the new ticker will come from those shares being traded, since all of the previous Etelos shareholders shares are restricted.
I do not own any of this stock. And, therefore do not expect any shares. Just trying to understand the details. You have been very helpful. Thanks.
I was responding to this post from someone else, who still expects to get shares. Which I don't believe will happen:
>>>
Posted by: psl
In reply to: invest2win who wrote msg# 337 Date:4/26/2008 11:20:46 AM
Post #of 343
Here is the 8K:
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=5884528
I do not believe that the deletion of Tripath shares consitutes a cancellation of the shares as they talk about conversion of the Etelos - WA shares into the Tripath shares 3 to 1. Tripath is the surviving entity which changed it's name to Etelos Inc. Sounds like the Tripath shares are being cancelled and new equivalent shares of Etelos Inc issued 1 for 1. So the existing TRPH stockholders will get new Etelos Shares. Where am I wrong?
Jim, just to put a ribbon on this:
I'm afraid this stock could now become a NSS poster child.
This is one of very few securities the SEC ever prosecuted a Canadian naked short case -- and they were successful. #msg-28719698
And now, years later, the shares ARE actually cancelled. #msg-28801338
If I were a NSS conspiracy wacko, I would use the deletion of TRPH as an example of their UFO theory.
On the other hand, maybe one can imagine there was an offshore short somewhere. Should someone send an email to the SEC attorney that handled the case to make sure he knows the shares were ultimately cancelled?
The attorney might want to order some kind of data from the DTC or somewhere to see the final settlement of accounts on these cancelled securities.
Or, what? What would the money flow be? If someone out there had a reserve on their books of 2.50 a share for every share of TRPH they had short, that reserve would be released. Should they just check with NITE and see if they adjusted their reserves over the weekend for this stock? ;)
Trying to imagine where the money flows if in fact the NSS was real, offshore, and hidden. Not that it was, but just trying to imagine how the money flows in this scenario: #msg-28757551
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