Frankly, there is no noticable difference between the success of those flying blind on Pinks and those that do DD. Pinks are like the lottery, with just a little bit more chance of winning.

Then there was Boston Dtox/Detox International. Compared to Detox, Calypso was a model of propriety.

Really? And your source of information is...?

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

Funny you should mention that. Christian Turrini, The last CEO of Calypso Wireless, fled to Paraguay when evidence emerged that he and other "directors" had been allegedly soaking the company and issuing each other unauthorized stock.

Latest CLYW status report court filing here.

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

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

Thanks.

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.

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.

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

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!)

Biofuels Power to build small-scale gas-to-liquids plant in Houston

6 August 2014

Houston-based Biofuels Power Corporation ( BFLS) has signeda letter of intent with ThyssenKrupp Industrial Solutions (Africa) (Pty) Ltd and Liberty GTL, Inc. to build a small-scale gas-to-liquid demonstration facility in Houston. The parties have established a non-binding target date to complete installation and commissioning of the GTL Pilot Plant on or before 31 December 2014. The purpose of the GTL Pilot Plant is to commercially demonstrate converting stranded natural gas resources to synthetic crude oil.

BFLS originally intended to develop biofuel-fired power projects. Since 2010, however, biofuel-fired power projects have not been economic due to declining prices for electricity, which are driven by lower natural gas prices. The company is switching its focus to GTL.

BFLS intends to differentiate itself by deploying small-scale GTL plants as modular field processing units at the wellhead and producing a synthetic crude oil suitable as feedstock for refineries or petrochemical plants.

BFLS will operate the GTL Pilot Plant for the 2-year demonstration. ThyssenKrupp will provide technical services and contribute a previously operating auto-thermal reformer pilot plant of proven design, which will be used to generate synthesis gas feedstock for the production of synthetic crude oil.

Liberty will provide intellectual property and operating know-how regarding crude oil synthesis along with the relevant catalyst supply. The Liberty technical team is also credited for designing the FT (Fischer-Tropsch) Reactor which will convert the synthetic gas to synthetic crude oil. The GTL Pilot Plant will be assembled at the Houston Clean Energy Park, which is an industrial estate owned by BFLS.

The focus of the GTL Pilot Plant will be to optimize design and operability of small-scale gas-to-liquid facilities capable of converting 5 – 10 million cubic feet per day of natural gas into approximately 500 bbls per day of synthetic crude oil. Building on Liberty’s previous engineering studies completed by ThyssenKrupp in 2013, BFLS and Liberty are in the process of completing engineering on a 500 bbls per day reference plant design with the goal of deploying multiple units in North America in the future. This process is scheduled to be completed in the coming weeks.

BFLS believes that gas to liquids projects of this size may be attractive to operating companies confronted with curtailing production or, in the extreme case, ceasing production due to capital cost barriers related to expansion of natural gas gathering, processing and transmission infrastructure. These stranded gas wells would be released for production if the planned GTL units could process the natural gas immediately after completion of the well.

http://www.greencarcongress.com/2014/08/20140806-bl.html

Would most likely handle gasified plastics as well.

Biofuels Power Corporation (BFLS)-Other OTC

0.2350 0.0250(11.90%) 9:47AM EDT

finance.yahoo.com

Shrewsbury selectmen vote 'no opposition' to medical marijuana grower


http://www.telegram.com/article/20140827/NEWS/308279921/0/SEARCH

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

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.

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.

So that's it? Ask drops 35% and bid drops 50% without explanation or event? Company years late paying-back s/t loans and no relief in sight? Would be nice to hear from management.

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.

So many "what ifs." We've been through listing them all before. Remember: a patent allows you to sue in court for the right to enforce your ownership. It does not ensure you will win, especially when company officers are "undependable" and the competition has all the money.

Best of luck to all of us in the future.

I believe the judge gave the receiver three years to roll-up the company while maximizing the financial return for stock holders. While the receiver's silence to us is unprofessional and aggravating, I believe he has at least a year and a half more to meet the judge's order.

After the deadline has passed and nothing has been done, then stock holders may be in a position to investigate going after the receiver for non-performance.

wooden, you never know with penny stocks. They live in a universe of their own. I have invested in penny stocks that have simply disappeared with no explanation and no follow-up by the SEC or any other authority (despite my filing grievances). Daic may surprise us, since he has so much to lose. And yes, the receiver's silence is thoroughly unprofessional and contrary to the judge's order.

Be prepared for CLYW to simply disappear without explanation or compensation. Maybe we'll be pleasantly surprised...

As a general rule, the feds simply do not pursue any grievances when your particular loss is less than $50,000. They just can't be bothered.

1. The receiver does not return phone calls or emails. I know. I've tried. He did reply that he does not answer emails.

2. The receiver is not likely to get paid as we lost the suit, have an apparently uninforcable patent, and thus have nothing of value to turn into money. This has to be an unmotivator for the receiver.

3. Daic had the most to gain -- literally hundreds of millions of dollars. If he's quit, that's it.

4. It's been quite a ride.

Plenty of whimpering, I'm sure. The lack of info from the receiver is most disappointing and in violation of the judge's order.

http://i570.photobucket.com/albums/ss145/TJStepp99/senileagitation.jpg

Go for it.

Does Legality Even Matter Anymore?

Coming up this weekend is the Extravaganja event in downtown Amherst, adjacent to the University of Massachusetts campus. For those who don’t know about Extravaganja, it is a town-supported event that allows marijuana, trees, bud, weed, what have you, to be smoked without prosecution from law enforcement on the Amherst Town Common. There is also live music and vendors selling food and marijuana culture-related items.

The event draws pro-marijuana supporters far and wide, as well as a very large number of students from UMass and other surrounding colleges. I have nothing negative to say about human consumption of marijuana and I am not going to play into the alcohol versus marijuana argument. What I am here to argue however, is whether or not our local law-enforcement has a moral or legal center.

Not to be a broken record, but we probably all remember the “Blarney Blowout” from several weeks ago. The drinking themed community party caused over 70 arrests, as well as some staunch criticism over how well the police handled the situation. Even before the event, students at UMass received emails from the school administration advising not to attend “Blarney Blowout,” with threats of school related punishment and/or arrest.

In the midst of all this drama, it can be easy to forget the fact that drinking alcohol is completely legal. Bear in mind that you have to be 21 to drink and you can’t be drinking outside in public – two issues surely present at “Blarney Blowout” – yet all in all alcohol is still a legal substance.

Marijuana, on the other hand, is not a legal substance. Now weed, in Massachusetts, at least is at the decriminalization level. Possession of an ounce or less without intent to sell, if you are at least 21 years old, is a simple infraction much like a traffic violation in a car. Several years ago, this was not the case. Marijuana was very much illegal in any amount. In fact, Extravaganja was started over 20 years ago when weed was still completely illegal. So, every year the Town of Amherst, along with the police force, knowingly allows people to commit a crime if they so chose.

As far as I can tell, the town and school openly oppose and prosecute those involved with a celebration centered around a legally sold substance while also turning a blind eye to the law – for a day – to allow the mass public consumption of an illegal substance. Something doesn’t sit quite right about this whole situation.

What is law enforcement without the enforcement of laws? One could argue that it is necessary for a police officer to have a strong moral compass and to make decisions based on situation and circumstance. One could also say that with marijuana steadily being legalized around the country, the police are simply falling in line with the inevitable.

All I can think of, though, is what rules exactly are our police officers following? If our community strives to break up an event based around something we can buy in businesses all across town yet allows us to toke right in front of cops just because it is the right day, how can our officers have a clear idea what their job is? It seems to me, that this hypocritical concern and lack of involvement opens an ugly door that could allow police officers to perceive the law much more subjectively at their own whim. Furthermore, are Amherst police even allowed to arrest or ticket students at Extravaganja, or is it simply agreed upon within the community that they cannot? Who exactly is responsible for adherence to the law?

All of those who participate on Saturday will be breaking state and federal law without repercussions. Like I said, I have nothing negative to say about marijuana at all, but I believe that if we are going to have rules, they need to be clear-cut. Laws cannot be left up to the interpretation of the police, the prosecutor, the town, the judge or anyone else. Laws need to be set in stone so that we can make an unbiased decision one way or another.

Whether we don’t provide the proper outlet for college students to drink, or provide an entirely different outlet to get stoned, either way we are handling the situation wrong. You cannot build a system of control only to follow it sometimes – we might as well take away the right to a speedy trial and legal representation as well. Pulling even this single rock from the foundation of this wall could cause a speedy collapse.

Ian Hagerty is a Collegian columnist and can be reached at ihagerty@umass.edu.

http://dailycollegian.com/2014/04/09/does-legality-even-matter-anymore/

FWIW, CLYW stock is still transferable between brokerages. I am doing so.

The town of Shrewsbury, MA, will vote at annual town meeting in May regarding establishing a marijuana farm for growing medical marijuana.

COMMONWEALTH OF MASSACHUSETTS

Worcester, ss.
To a Constable of the Town of Shrewsbury in the County of Worcester

----------------------------

GREETING:

In the name of the Commonwealth of Massachusetts you are directed to notify and warn the inhabitants of Shrewsbury qualified to vote in elections and town affairs, to meet at the several designated polling places in their respective precincts in said Shrewsbury, to wit:

............................


ARTICLE 24

To see if Town will vote to amend the Zoning By-Law of the Town of Shrewsbury to include a definition for Medical Marijuana in Section II and to add Medical Marijuana to Section VI;-Table-1: modify the use table or to take any other action in relation thereto.

I am a long, also. However, BFLS never repaid the "one-year" loan I gave them years ago. With interest, it is now worth 260% of what I paid, but there is only silence from them on repayment. When a company cannot repay a one-year loan after five years I am pessimistic about its prospects.

I called him last year. He told me he does not answer emails. Told me he'd call again with an update. He did not call again.

http://www.communityadvocate.com/2014/02/26/selectmen-agree-to-letter-of-non-opposition-request-for-medical-marijuana-farm/

Sometimes a product is worth more dead than alive.
-----------------------------------------------------

USS United States (CVA-58), the third ship of the United States Navy named for the nation, was to be the lead ship of a new design of aircraft carrier. On 29 July 1948, President Harry Truman approved construction of five "supercarriers", for which funds had been provided in the Naval Appropriations Act of 1949. The keel of the first of the five planned postwar carriers was laid down on 18 April 1949 at Newport News Drydock and Shipbuilding.

https://upload.wikimedia.org/wikipedia/commons/8/80/USS_United_States.jpg

The then-new US Air Force had decided to kill the US Navy and insisted that its fleet of nuclear-armed B-36 and B-47 bombers made the Navy obsolete. Swayed by limited funds and bitter opposition from the United States Army and Air Force, Secretary of Defense Louis A. Johnson announced on 23 April 1949—five days after the ship's keel was laid down—the cancellation of construction of the United States. That same night, engineers hired by the Air Force sneaked into the Navy yard and cut-up the keel of USS United States, making it unusable. Secretary of the Navy John Sullivan immediately resigned, and the subsequent "Revolt of the Admirals" [https://en.wikipedia.org/wiki/Revolt_of_the_Admirals] cost Admiral Louis Denfeld his position as Chief of Naval Operations—though nuclear weapons soon went to sea on the aircraft carrier USS Franklin D. Roosevelt in 1950.

-------------------------------------------------------------

In the CLYW saga it is difficult to reconcile with reality unless the patent was never meant to see the light of day, but rather, to be used as a tool to make some very people rich through either overt or covert suppression. This is both a strength and a weakness of the stock market and investment in general.

He suffers an uncharacteristic big loss.

Because investing in new penny stocks is 15% math and 85% emotion.

Perhaps if you and others hadn't already taken profits, this might not be happening...

I think it's time for people like you to remember Tulip Mania, especially in the context of such an unknown stock from a company that has not met even the most rudimentary requirements of transparency, filings, makeup of the BOD, or business plan. We just don't know enough yet.

What are the number of shares authorized for MJNA?

Obama will say nothing about MJ during his State of the Union address. Get real.

What is the status of our shares if the brokerage holding them decides not to carry unlisted penny stocks any longer? They cannot be transferred to another brokerage because of their status... no one will take them. The shares themselves do not exist in physical form/stock certificates. I can't believe they would simply disappear.

Keep in mind that from any settlement or win, everyone and his brother who has some financial claim gets paid first (more trials to come), then the lawyers, then us.