Cloudward Inc. (CDWD)

[invest2win]

Obviously the whole point of acquiring a Shell is to obtain the Stock Symbol and trade otherwise what would be the point. The symbol change comes later I assume after a possible move to the OTCBB. Also shares would not be issued to pay off debts and converted if they were going to be cancelled. It doesn't make any sense.

"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"

"most outstanding shares of Etelos capital stock will be cancelled and extinguished and converted into shares of Tripath common stock at a ratio of 3:1."

The previous Tripath shares were cancelled I assume because there would be too many shares in the Market. The new "surviving entity" began April 23, 2008 after the Merger was officially announced closed. The symbol will just change eventually and everyone will still own their shares with the new symbol. The Merger and the Bankruptcy are already done. Why is that so hard to understand? I hope we will get a clarification soon so we can move on.

A lot of MM's on shares that are supposedly being cancelled. C'mon give us a break!