Calypso Wireless (fka CLYW)

[wooden]

Maybe some how the receiver is waiting us out?? thinking if he does nothing, we will all just go away?? seems to me that's the thinking going on here, because this fellow has not made a peep since he took control of this company's affairs!! I am a little more interested in the judge that gave him his legal orders!! That's the fellow I'd like to have a little chat with.

[usandy]

If you held it in street name (no certificates) call your broker. They can proclaim there is no market for the shares and allow you to take the loss.

[GeneralLee]

Thanks Bro, Have a great weekend

[Eli's Gone]

http://www.sec.gov/Archives/edgar/data/719729/999999999712006230/filename1.pdf

[GeneralLee]

Anyone know the date this was de-listed?

[GeneralLee]

https://www.yahoo.com/tech/t-mobile-is-on-a-tear-whats-the-catch-105426818359.html
Note paragraph 4 Maybe they should include themselves!

[litton51]

Aside from bringing civil suit against current and past officers, probably not.

[throckmorton]

Thanks for posting. The Receiver is evaluating future course of action to maximize value of company. Wondering what could possibly be maximized at this point as the greatest asset has historically been the patent which has essentially been rendered worthless. No rush to wind things up, is there any realistic hope of recovering any value from this investment?

[tikitu2]

How can we claim it as a loss if we are unable to sell it ???

I'm ready to claim mine.

[litton51]

Latest CLYW status report court filing here.

http://navlog.org/Status-Report-aug2014.pdf

[chosenuno]

is anyone writing off the loss this year? or still holding out hope? TIA

[Eli's Gone]

The Court (Vice Chancellor J. Travis Laster---Feb 8, 2012

http://www.sec.gov/Archives/edgar/containers/fix014/719729/000114420412009698/v303021_8k.htm

http://www.delawarelitigation.com/files/2012/02/calypsoOp.pdf

[litton51]

Someone refresh my memory. Who was the judge that ordered CLYW into receivership, and when did that happen?

Thanks.

[litton51]

That is correct. I am unsure if US patent law applies overseas. For all I know, Daic may be able to sell CLYW technology abroad and not pay the rest of us a dime.

[throckmorton]

If I am not mistaken, those were signed over to Daic as part of the settlement a few years back. If I am mistaken, I am sure someone can jump in and correct me.

[Phique33]

Whatever happened to the overseas patents?

[wooden]

There is still a final song that needs be sung, and the receiver needs to be the man on the stage when the curtain goes up. A court of law issued that order, and there must be a final say.

[ki2002rom]

Exactly!

[Mobile1230]

Not only judges but receiver, DD and other key stake holders might have received enough from TM for accepting whatever decision from court and drop the ball...

[wooden]

AS I have said here many times!! I believe that judges in this case were making preparations for their retirement, and TM came along and fulfilled their dreams!! Diac did not want to, and so the story goes! Is this really the American way?? Yes It is!!and the receiver, along with the rest of us is left holding the bag, even though his buddy the judge tried to hook him up with a case he thought TM would loose. Could I be wrong???

[litton51]

The ugly truth is that, apparently even with nine figures to lose, Daic was unable -- or unwilling -- to mount a legal and technicologic strategy to win what should have been a fairly straight-forward argument. Just as the BOD had spent ten years pissing away what should have been a win-win for everybody. I have my suspicions, but they are just that.

[GeneralLee]

welcome to America! Land of the "free"!

[Fiber_In_My_Hootchie]

Yes it's seamless....too bad we could not get them to pay for it.

[GeneralLee]

Everyone enjoying T mobile's free wifi calling, commercial?

[litton51]

Why not? It's been eight months since our patent was ruled uninforcable. Why shouldn't others make billions from it?

[On2_addict]

Did anybody catch that Apple with it's new iPhone 6 is using seamless switching from wifi to cell, and they even used those words. It was in their presentation when they introduced the phones.

Go figure!!!

[throckmorton]

I agree that shareholders are owed a conclusion at a minimum. As those who have actually been wronged we are owed much more than that although I am not holding my breath at this point. What has occurred is truly criminal. Still curious as to whether sirhaggus will get the update he was promised from the receiver too. So many questions.

[throckmorton]

Thank you for clearing that up. I do not want to be helping to further any misinformation. The three years windup has been repeated so often that I thought it was confirmed. GLTA.

[wooden]

Litton I hear you, but as I said before, We do need to hear something!! Even if it's a timetable to wrap it up!! but some word, Even if the judge were to say tough luck! at least we could close this book.

[wooden]

At this point, I am not really into winners or losers as I am in seeing a final conclusion to the mess we got ourselves in. In this country, I fully expect to see a court of law follow through on any matter before it. Yes, I know we have lost a lot of money collectively, on our belief in this patent, But I have a hard time figuring why in hell it would take three years after an appellate court ruling, for this to be finalized.

[litton51]

No. There is no time limit set by the court.

The "year and a half left" meme resulted from a roll-up of a corporation such as this taking a typical three years (Feb 2013 - ?? 2016). There is no such timetable in reality. It's up to the judge and the Receiver, who does not seem in the best of moods. Some of the remaining time will be given to alleged creditors filing claims. We stockholders? Bupkis, most likely. And Daic loses nine figures (ouch!)

[throckmorton]

Approximately another year and a half limit on when the receiver must speak, right? I would like to think you will be correct about the relationship between judge/receiver/firm, that he would not give them a losing proposition. Unfortunately that does not mean we will be made winners in the deal but maybe the good guys catch a break at some point.

[wooden]

I'd also like to see how the Delaware Court of Chancery close out this one in print. As I remember, the receiver's firm with the responsibility for finalizing Calypso's case was where the judge worked?? Or was a partner?? Somehow I don't see him handing them a dead fish! How much more time before the receiver must speak?

[Eli's Gone]

Is there anything in the Delaware Court of Chancery--like the previous status report?..thanks

http://www.calypsowireless.us/public/index.php/download_file/view/39/71/

[litton51]

Here's everything from PACER since February, 2013


Court of Appeals Docket #: 13-1343 Docketed: 04/22/2013
Termed: 02/05/2014
Nature of Suit: 830 Patent Infringement (Fed. Question)
Calypso Wireless, Inc. v. T-Mobile USA, Inc.
Appeal From: United States District Court for the Eastern District of Texas
Fee Status: fee paid
Case Type Information:
1) Civil Private
2) -
3) -
Originating Court Information:
District: 0540-2 : 08-CV-0441
Trial Judge: J. Rodney Gilstrap, Judge
Date Filed: 11/13/2008
Date NOA Filed: Date Rec'd COA:
04/18/2013 04/19/2013

11/20/2013 46 6 paper copies of the appendix Brief [45] received from Appellants Calypso Wireless, Inc., Drago Daic and Jimmy Williamson, P.C.. [119223]

12/19/2013 47 NOTICE OF CALENDARING. Panel: 1402C. Case scheduled Feb 03, 2014 10:00 a.m. at the United States Court of Appeals for the Federal Circuit (Howard T. Markey National Courts Building, 717 Madison Place, N.W. Washington, DC 20439), Courtroom 203. Response to oral argument order due: 01/15/2014. Counsel should check-in 30 minutes prior to the opening of the session. Please review the Oral Argument Order. [124517] [13-1343, 13-1215, 13-3151]

01/15/2014 48 Response to oral argument order from the Appellee T-Mobile USA, Inc. designating Josh A. Krevitt as arguing attorney. Service: 01/15/2014 by email Designated time for argument: undecided minutes. Designated time for rebuttal: undecided minutes. [129638]

01/15/2014 49 Response to oral argument order from the Appellants Calypso Wireless, Inc., Drago Daic and Jimmy Williamson, P.C. designating Matthew C. Juren as arguing attorney. Service: 01/15/2014 by email Designated time for argument: 10 minutes. Designated time for rebuttal: 5 minutes. [129683]

01/27/2014 50 Amended Certificate of Interest for the Appellee T-Mobile USA, Inc.. Service: 01/25/2014 by email. [131641]

02/03/2014 51 Submitted after ORAL ARGUMENT by
Mr. Matthew Clayton Juren, Esq. for Jimmy Williamson, P.C., Calypso Wireless, Inc. and Drago Daic and Mr. Josh Krevitt for T-Mobile USA, Inc..
Panel: Judge: Moore , Judge: O'Malley , Judge: Taranto. [133485]

02/05/2014 52 OPINION and JUDGMENT filed.

The judgment or decision is: AFFIRMED. (FCR 36).

(For the Court: Moore,Circuit Judge; O'Malley,Circuit Judge and Taranto,Circuit Judge). [134054]

02/19/2014 53 Open Restricted Document Bill of Costs for Appellee T-Mobile USA, Inc.. Service: 02/19/2014 by email. Objection to Bill of Costs due on 03/10/2014. [136698]

03/03/2014 54 Stipulation Regarding Bill of Costs for Appellants Calypso Wireless, Inc., Drago Daic and Jimmy Williamson, P.C.. Service: 03/03/2014 by email. [139265]

04/04/2014 55 Mandate issued to the United States District Court for the Eastern District of Texas. Costs taxed in the amount of $591.99. Service: 04/04/2014 by clerk. [146014]

PACER Service Center
Transaction Receipt
08/18/2014 13:22:36

Description: Case Summary Search Criteria: 13-1343
Billable Pages: 1 Cost: 0.10

[throckmorton]

Thank you for passing that on sirhaggus. I wonder what it could be. Would this filing be public information that can be located by shareholders?

[wooden]

Will be here till the end what or when ever that is. Just seems that since the court is involved in this mess, that there would be a conclusion of some kind, Something in print!! A statement by the SEC!! anything!! A judge!! the receiver!! Are we still in America?????

[ki2002rom]

Still waiting here til the end and feedback from receiver.

[Militaryissued]

Thanks for passing along the info!

[sirhaggus]

The receiver called me a few weeks back and let me know that they are preparing some information to be posted on the website. Mark Gentile did say that there was a filling with the court earlier this year.

[throckmorton]

I agree. To me that is just mind boggling. Why didn't he put everything he could into it otherwise why bother at all? Another CLYW mystery that will likely never be solved.

[litton51]

Perhaps the biggest surprise is that Daic, with literally a king's ransom of money riding on this, didn't assemble a better team of lawyers and consultants. He stood to make nine figures from CLYW and now has (apparently?) nothing from it.

[drkazmd65]

Thanks for the relay litton - even if the news is (as most of us expected) bad and not what we wanted to hear.

I guess the time has come to start to figure out how best to take the tax-write off loss.

The company could have been somehing,.... and something big,... if only the management hadn't been a load of self-serving and/or incompetent crooks. They gambled that they could enrich themselves as individuals while generally working at screwing everybody else - even the other insiders.

Unfortunately - it appears that we all lost in the long run - including them.

[litton51]

From: <snip>
Sent: Friday, July 18, 2014 11:02 AM
To: <snip>
Subject: FW: CLYW


I talked with lawyer Gentile, the receiver. The short version is that Calypso is done. There is no money and the patent is unenforceable because we lost in court. The only avenue left,,as I understand it, is a final appeal to the US Supreme Court. He says there isn’t even money to pay for his work so far as receiver. So any hope we may have had about recovering something from the 135 million shares out there is apparently pretty much gone. As you know, the board has disappeared, what with Turrini suddenly moving to Paraguay "for a better career opportunity" and the rest sort of evaporating.

Sorry I couldn’t share better news and unfortunate that Gentile has not been, in my opinion, proactive in communicating with the owners (us). He says you can check PACER for latest filings although there aren’t any recently. The three-year meme has no basis in fact, but rather, is a typical time to roll-up a company under our circumstances.

[wooden]

When exactly will this 3 year process run out, If there is anyone out there that know the answer? I am still holding to my point of years ago that some big money must have traded hands from T Mobile and it had t9o be in the hands of the judges. We are just the suckers that took the hit

[throckmorton]

So halfway to the finish from his appointment? Does it just completely vanish at the 3 year mark or will there be another twist in this saga? So many questions and to this point no answers. It's a crime.

[litton51]

A year and a half ago, the receiver was given three years to "roll-up" the company and "maximize the shareholders' value." He has another year and a half to do the latter and has utterly failed at the former. I have tried to talk to him. he ignores emails and faxes. I did reach him once by phone and he said he didn't have time to talk but would call me back. He has not. To be fair, as it stands now he will get no money from CLYW, either, so his motivation to do anything must be small. Of course, Daic is unknowable, but since the only appeal from the unnatural act we received from the appeals court is the US Supreme Court, I think it unlikely hr will pursue that route. It is puzzling that he let his lawyers be beaten to a pulp by TM's lawyers considering Daic had the possibility of reaping hundreds of millions of dollars from the patent if his legal team had been better. The whole CLYW saga is a business school case study in the making.

[wooden]

The bothersome thing that I see here is that the receiver is obligated to carry out the court's instructions, and a of now we the shareholders have not been prive to his findings. So where do we go from here?? Maybe the judge is also asleep at the wheel!!

[db7]

I use tda and I think mine has had that final closing price of .0198 ever since the halt

[williyumyum]

Ameritrade seems to think or make you think there is a value to this stock. Why would they post this as an asset?