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Saturday, April 26, 2008 1:00:59 PM
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.
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