Cloudward Inc. (CDWD)

[JJSeabrook]

Guys, read the FUTURE TENSE of the PR. Also, "The Etelos executive team will maintain control of the new entity and has applied for a new stock symbol." When that new stock symbol comes is when the shares will be cancelled and the new shares, under the new symbol, will become effective. The symbol may change tomorrow. I believe that those that don't believe that their shares are going to get cancelled will be crying once that symbol changes. Once that symbol changes, write me and tell me I was wrong. I just hate to see folks get smacked when there's no need to. Why do they have to change the symbol? Because they can't just whack part of the public shares of TRPH and leave the rest. They whack all of them, in accordance with the bankruptcy plan, and the new shares then get issued under the new symbol. Think about it. Read the tense I have put in caps. GL all. Trade smart!

JJ


Under the terms of the merger agreement, each issued and outstanding share of Etelos capital stock, other than shares held by Etelos stockholders who are not "accredited investors" or who have not appointed a "purchaser representative," WILL BE CANCELLED and extinguished and converted into shares of Tripath common stock at a ratio of 3:1. Each share of Tripath common stock immediately before the effective time WILL BE CANCELLED and extinguished and no payment or other consideration WILL BE made with respect to those shares. Further, in addition to the shares of Tripath common stock TO BE ISSUED to Etelos shareholders in the merger, the surviving corporation WILL ISSUE, in the aggregate, 5,010,000 shares of Tripath common stock to satisfy Tripath's obligations to creditors and other third parties as contemplated by the Plan of Reorganization, subject to further order of the Bankruptcy Court. As a result of the plan of reorganization, no liabilities of Tripath were acquired in the merger.