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Re: Joker86 post# 298

Friday, 04/25/2008 2:36:29 AM

Friday, April 25, 2008 2:36:29 AM

Post# of 443
so far as best as I can tell, the private entity and shares of Etelos were extinguished when it merged with Tripath. So then Tripath acquired the business of Etelos. Tripath changed its name to Etelos and thus Etelos became a public company. And thus the previous shell of Tripath was filled, no longer a shell, according to the filing. Tripath became a shell when the previous assets of Tripath were moved out, during the reorganization process, and the liabilties/debts negotiated away, in exchange for equity of approx 5m shares in order to clean up the shell.

So now Tripath is Etelos, and its shares are trading. But everyone expects them to again cancel the current shares of Etelos, which are trading, which would be the second time Etelos shares would be cancelled.
That all just sounds crazy.