Replies to post #423 on Cloudward Inc. (CDWD)

[nosecret]

IMO not.

Our net loss was $2.2 million and $368.6 thousand for the quarters ending March 31, 2008 and 2007, respectively, an increase of $1.8 million, or 504.9 percent. The increase in net loss from 2007 to 2008 was primarily due to decreased revenue and increased salaries and other employee-related costs incurred during a period of transition in which we were deeply involved in preparations for completing the reverse merger process....



...In connection with the bankruptcy proceeding, all assets of Tripath were transferred to a trustee for liquidation and all liabilities of Tripath were discharged. Accordingly, at the time of the Merger, Tripath had no assets or liabilities.