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Turrini is still the CEO for at least 30 more days per his employment agreement (see below). A lot can happen in 30 days. For one, he tells me that he will call a SHM I understand in January to reverse this BS.
Date of Termination. “Date of Termination” means (i) if CALYPSO intends to treat the termination as a termination based upon the Executive’s Disability, the Executive’s employment with CALYPSO shall terminate effective on the fifth day after receipt of Notice of Termination by CALYPSO or on the date mentioned on the Notice of Termination; (ii) if the Executive’s employment is terminated by reason of Death, the Date of Termination shall be the date of death of the Executive; (iii) if the Executive’s employment is terminated for any other reason, the Date of Termination shall be thirty (30) days from the date of the Notice of Termination
Yes, we just need to see how things unfold. Might be the only loser in this deal is Turrini which would be a sad thing. Worked his tail off to bring in large deals and then might get cut out. I'm sure the BOD talked to Acacia and NSN before doing this.
But if the SH ever get a vote, I'm putting my shares behind Turrini. he deserves all the credit.
Talked to Turrini. He'll be back at the helm very soon IMO. The "investigation" was BS, he had BOD approval to issue shares for those deals and there were no other infractions.
In the meantime, we'll still see deals getting done, he just won't get the credit he deserves in the PR.
Wow. Take a pill. And at least spell his name right. Good things are coming. It will be a very happy Xmas.
Good to see the 8k to clean up the past filings and that it was no big deal.
Hope this is the beginning of the dam breaking.
I Have A Prediction
Calypso will announce at least 4 new licensing deals
By The End Of The Year ,
And Of Course . . .
This Is Just My Humble Opinion
. . . And There Is Just No Way That I May
Have Any Privileged Information That Would
Allow Me To Arrive At This Possible Conclusion
Fair enuf, I deleted mine too.
Called Jill and she says the papers are 99% done but just cleaning up a few "small details" before they turn them in to the court. Have a good turkey day.
Come on people. Stop clogging up the board with this crap. Of course it came from Baxter, I told you I got an email from him with the PR in it. Of course it's legit, it just repeats what Calypso already announced. Can we drop it?
(3) Is it anticipated that any significant changes in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[ ] Yes [X] No
No effect on financials. No big deal.
I got the same PR in an email from Jack Baxter:
United States of America (Press Release) November 14, 2007 -- Singapore ,and USA 14.11.2007
Baxter Technologies PTE LTD Singapore and Calypso Wireless Inc.. USA
Have agreed to to build the next generation of Voice Prompt and Command technology for VoIP and Voice 2Text.
John F Baxter Jr has sold the 4 patents for voice over Internet call Audio File Transmission Method for embedding messages with voice to command many features for users.
Mr..Baxter of Baxter Technologies PTE LTD and Mr. Turrini have the first phase of sale of 4 US patent completed to CLYW and are now placing an agreement to build out the prototype together in Miami Florida .
The patents that were sold to CLYW are
US PATENTS Reference :. #6839412 .... #6385306 .... #6765996 .... #7031439.
Mr. Baxter holds a new generation of VoIP ,as our Tele2net , Voice 2 Text ,F2E , www.forward2email.com and will expect the issuance from the USPTO in March or April of 2008.
Mr Baxter and Mr. Turrini are in talks about the patents being sold to Calypso Wireless and the CLYW will have a portfolio total of 9 US Patents to offer many features to telecoms and ISP along with VoIP operators.
John F Baxter Jr. our founder is very happy to working with Mr Turrini and CLYW and looks to develop and build the next generation for end users.
Demo will be on line in April for free to anyone to beta the network on a limited use. at www.vim2.com when opened to the public.mid April 2008
Calypso and Baxter plan to bring on the digital download from Radio to the CLYW towards the 2 quarter if all works out well
The system is called Music On Command and all mobile phone providers will have a new feature to offer the users.
Bringing radio tunes to your home pc and mobile phone for download as you hear it played on the radio, with MOC Mobile .
Since featured on CBS, CNN and PC World in Music On Command did not stopped delivering new content and features to the users for the beta for over 30 months with out problems.
Music On Command has just implemented new software for downloading songs to your mobile phone, called: MOC Mobile.
MOC Mobile allows users to SMS and have songs delivered to their mobile unit for download directly to their mobile device through our server network.
. We are the only provider with patent pending , and notice of allowance for issuance for technologies to provide real time radio play for download as you hear it, through your computer and/or your hand held phone.
Just recently Baxter has entered talks with radio station providers and advertisement providers in the media broadcast industry. He will announce the signing of CLYW and BT PTE LTD new partnership for Music On Command when it is completed.
Finally, you hear it you can get it, with MOC Mobile.
Arne de Graaff
CEO
Baxter Technologies PTE LTD
Arne de Graaff
Contact author
Lawyers are wrapping up small details on settlement forms for the court, expect to register settlement with court this week, then official PR. Per Jill.
LET'S RECAP
1 )
In The Beginning, Daic makes up some BS story
about Mendoza promising him 15mm
shares
2 )
Daic Sues then threatens Mendoza into
not testifying
3 )
Four Years Of Absolute
Nonsense by Daic
4 )
Daic calls for mediation,
Trying Desperately To Stay
Out Of Court And Off The
Witness Stand, In Order To
Hide his criminal activies
5 )
Calypso Is Now In Control
6 )
7 )
Calypso WINS !!!
Man you people need some sedatives. Cristian told me a ways back that Baxter has been paid for the 4 patents. Chill.
You are right on all counts.
Yes, we own the 4 patents and we might buy more from Baxter.
Calypso bought 4 patents from Baxter. You've seen the PRs on those. Those are signed sealed and delivered.
Baxter has some additional patents in his portfolio. He wants to sell off the rest of his portfolio. What he does with those has zero to do with Calypso.
75,000 at 20c
248,000 shares at 19c! Holy crap.
CLYW...I know this is a pink sheet stock and I won't post about it again but this news just came out on their website and I think it's going to run when the official PR comes out..
Calypso Wireless, Inc. announced today that it has agreed to a Settlement Agreement with Mr. Drago Daic to end all pending litigation over their mutual long-standing dispute. Calypso's Board of Directors has already approved the settlement. This settlement will clear the way for Calypso to enter into licensing structures and strategic alliances and to further develop additional technologies to improve its position in the market and to create the revenues for the benefit of the company and its shareholders, all of which have been placed on hold because of the litigation. Commenting on the proposed agreement, Cristian Turrini, President and CEO of Calypso Wireless, Inc., said: "This agreement settles all litigation with Mr. Drago Daic. The settlement opens the way for Calypso to really focus on the development of its technologies as well as on the licensing proposals we have received."
Jump on it fast before an official PR comes out
Calypso Wireless, Inc. announced today that it has agreed to a Settlement Agreement with Mr. Drago Daic to end all pending litigation over their mutual long-standing dispute. Calypso's Board of Directors has already approved the settlement. This settlement will clear the way for Calypso to enter into licensing structures and strategic alliances and to further develop additional technologies to improve its position in the market and to create the revenues for the benefit of the company and its shareholders, all of which have been placed on hold because of the litigation. Commenting on the proposed agreement, Cristian Turrini, President and CEO of Calypso Wireless, Inc., said: "This agreement settles all litigation with Mr. Drago Daic. The settlement opens the way for Calypso to really focus on the development of its technologies as well as on the licensing proposals we have received."
I don't know specifically it will be a "joint" announcement, so I shouldn't have said "will" but I'm sure Acacia will announce it because they announce all their deals and that's all we need. When Acacia announces it, we might get a new set of investors piling in.
I'd expect it soon given we were already close to a deal. IMO of course.
They are drafting the settlement papers for the judge to sign. That takes some time. When that is done, they will issue a PR that says they have settled the case. Why do you need to see a PR when you already know the news?
Just buy any dips. I'd expect the settlement news out this week and the Acacia deal to get signed and announced soon as well. We already know about Acacia but the general public does not know it's coming. Will be a joint announcement so Acacia investors may pile into Calypso.
150k at 20c in 7 minutes.
CLYW moving up again today, 4 days in a row from 11c to 20c, volume picking up, I expect news this week, maybe a license signed.
98k at 19c, 45k at 19.5, 45k at 20c above the ask.
Watch CLYW for any announcements tomorrow. Chart looking strong as well.
It's called shaking the tree. On the pinks, the MMs can show whatever bid/asks they want. If they want to buy shares for themselves, they can show a low bid, make it look weak, attract sellers and buy up cheap shares.
Exactly. All kinds of licenses, funding, hiring, etc have been waiting in the wings for the case to be done with. People should be buying with both hands.
They have plenty of cash thru private placements done by DE Wine and they will get more if they need it now that case is settled.
You are right. No "cooling off" period. According to the court coordinator, the lawyers will draw up a settlement "form" and submit to the judge to sign but Calypso does not have to wait for signature to do Acacia or any other deal. It was over the minute they signed the settlement and called the court.
Per Pink Sheets:
http://www.pinksheets.com/pink/marketactivity/rt_trade_stats.jsp
CLYW high on the Advancers list at 41% gain, 2nd to highest volume and one of very few who have a "Current Information" rating.
Things Have Changed
Daic Settled Because He
Was Afraid to Go to Jail
and Knew He Would Lose the Case Anyway
And Like I Said Before ,
Daic Has A Lot To
Keep Hidden From The
Public, And He Would
Do Anything From Going
To Trial... And Calypso Used
That To Their Advantage
How Much Do You Want To Bet
That Daic Will Make Sure
That All Terms Will Remain :
" U n d i s c l o s e d "
There Will Many Many Deals
The People That Will Be PO'd
Are The Ones That Don't Buy Into This
Pent Up Recovery
Just As I Have Stated Before
And even more pissed the next couple of weeks when licensing deals start getting announced.... :)
LOL. Like I said, some people who left these standing sell orders at 14, 15, 16c...are going to be very pissed come the end of the week.
Found something. Go to the Baxter site
http://www.baxtech.com/patents.html
Look toward the bottom for the "VoiceinMail.com" symbol. Click on that.
It will take you to this page:
http://www.vim2.com/index.html
Across the top you will see 7 different products offered. These are the product offerings we bought with the Baxter patents.
I know Turrini was very excited about these, especially the last one, Voice to Text.
Anybody with these standing sell orders are going to be pissed if they are not tuned in. They won't see an announcement until too late.
The Friday hearing has been cancelled.
11/02/2007 LAW DAY DOCKET MOTION FOR CONTINUANCE (CIVIL) PASSED
Again, "Passed" means it's no longer needed.
Yes and yes. See past posts I made about these. These patents may be even bigger than ASNAP.