<<In connection with the merger, a market maker has filed an application to have our common stock quoted on the OTC Bulletin Board, which is pending as of April 22, 2008. The shares of Etelos, Incorporated have been privately held and never traded publicly. We cannot give any assurances as to when, if ever, our common stock will be quoted on the OTC Bulletin Board.>>
- these ARE NOT Etelos shares you are trading - the statement below says they have applied for the otcbb, and they have never traded publicly. Do you really think this statement would have been made based on the 22nd, if the shares were 'golden' the next day? All the new shares issues will be relating to the new shares they are trying to approve for the otcbb.
As bankruptcy statements go, I have seen very similar - the PR comes out saying new shares will be issued, old shares will be worthless - the old shares STILL trade a few days beyond, then boom, they're gone. I am sure if yesterdays shares were good to go, Leslie would have asked kewlman when he bought and cleared that up. Quit being stubborn old goats - it isn't worth the risk. Even if you were to get the 'new shares', your share price isn't suddenly going to skyrocket to match the value of Etelos - it would have already skyrocketed at the time of the initial merger news and you'd be pretty much doing straight conversion with no premium - whats the point???
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