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Then why did Williams bother to vote his shares?
I can't and wont condemn management for trying to remove the wart that was keeping this company from moving forward, but I will condemn the wart for refusing to be removed regardless of the shield of the committees that the wart was a member of. The maneuver by management was in my opinion, one that I wish could have been done without giving the wart an escape route. This is my opinion of what coulda, shoulda, and whoulda happened if not for the wart. THANKS, WART.
Yes, the company had a plan to remove the source of the lack of success the company had by arranging the shareholder vote, however they left an opening for that source to put this in Delaware court where all the dirty laundry was right there on the floor. I also want to see max value per share, but remember that will be a one time shot and then the end. The source of this fiasco should have walked away after his undeniable rebuke from the shareholders who did vote. You seem like a reasonable person that shares the view that this company seemed to have turned the corner before it was derailed. The theories about patent suppression and backdoor payments from Diac or telecoms are unfounded, but if it is revealed that it did happen the receiver will have no jurisdiction with that. That will be a criminal case in another venue. Use your God given common sense to sort out how we ended up like this.
I agree with you. Williams was the root of all the problems. Now we can sit and dream with grandiose thoughts that this receiver is going to fetch the shareholders more than if Williams had of walked away.
What's the crime?
You are the conspiracy king, Mr. so called moderator.
Sir H, I hate to drag this up from the past but, who was in charge of getting the financials in order before Pierce came on board and you embarked on your solicitation of the shareholders for the copying? This has been bothering to me in the fact that it cost us valuable time with the SEC.
You are not going to find experts on this board, just fraudulent experts.
I hope you are right about 2.50 a share.
All this talk about patent suppression is really hard for me to understand because I don't see how this result could benefit the ones that were accused of doing it. They held shares also, so there goes the big conspiracy theory. I think it will be shear luck if anyone breaks even in their investment. It makes me mad at myself for not putting my thousands in the index 500 two year ago while the market was down.
It will probably take at least a 500,000,000 payout for the patent to push the share price to .15.
One thing could have been for the receiver having the option to remove directors or appoint a fifth director instead of dissolving the company. This might turn out good with a few pennies per share but I doubt it.
Are you truly happy with the way this is playing out? What about the infringers who used this technology for some time, are we letting them off the hook? There are several things that would have to happen to make a modest return on our investment. This was not the best scenario. IMO
I've been reading all the posts since the trial and I still do not know how to form an educated opinion, but before I would be ready to throw my support to Dave Williams I would like to know the status of the companies he does run like Smart Energy Solutions and his construction business. I went to their website but not much information. It seems I read on this board about one of them being suspended or something to the effect. As for the Turrini stuff, I think that was ruled pro nolle comp meaning no felony conviction or misdemeanor. What I do see with this company is a whole lot of infighting that if the judge is to rule in favor of us, the shareholders and deems it in our benefit to appoint a receiver or a new BOD I'm all in. This company cannot continue this self destruction. My thanks to sirhaggus. Hope my post does not inflame the fraud and scam preachers.
It's been eerily quite. Think it might have something to do with the countercharges by management about a poster on this site. It was in the documents somewhere if I'm not mistaken. Just thinking.
Where would that put this company if Turrini and Pierce remain also?
I would like to know what your thoughts are on the reasoning by Turrini to go ahead with the vote as it seems he holds a law degree and would be well aware of the legality. Do you think it was an attempt to get this before the Delaware courts because of the deadlock and the makeup of the two committees that has created a roadblock to any future success or was it something else? You have stated previously that you wanted to remain neutral, but I hold your opinion in high regard.
It may be because of the limbo status the company was put in shortly after the announcement of the settlement. Maybe the SEC is aware of our situation and is awaiting the outcome of litigation next week. I think you and I got crossed up on which meetings that an injunction was filed to stop it. The Sept. 17 forum was the one that an injunction was filed and CLYW's lawyers advised against holding it. I think I'm correct but I've looked at so many documents concerning this company they seem to run together.
Thanks again for the links buddy. You seem to be real level-headed unlike some who post on this board. My stock is worth one quarter of what I invested. I'm all in for whatever helps turn this thing around for all of us even if it is Williams, but I got a doubt it will be. liton 51 all I can say is it takes all kinds to make the world go around. Thats it for me today. Don't put up with any idiosity while I can only helplessly look on.
Oh really, he's the only thing keeping this company's stock from being removed from the market? Well there you go, he's got to prevail now and rescue the company. Hooray.
Yeah, we can look forward to that after next week. Maybe can come up with an alternative for the word fraud.
For your information, they were there.
I think he could start with hiring a contingency law firm that has a reputable record to go after T Mobile. That would generate capitol depending on how long it took.
What are your thoughts on court appointed receiver coming out of next weeks ruling? I'm for it if that person has a business background and is allowed a vote if the current BOD remains. Otherwise I'm not.
I totally agree.
Thanks for the information. I only hope that the SEC has to go through Congress before implementing the plan.
I should not have phrased my comment to you like I did. I just thought you meant a judge had ordered them not hold the Dec. 15 meeting and that would have been a whole lot different. My apologies.
I also believe that the two officers knew that either Williams was going to accept his removal or carry it to court where the hopeless inner workings of the company could be exposed. It was not something I wanted to happen, but it had to. This company was not moving forward with deadlock on even the most simple business plans. I think we need to pay special attention to what Elis coming posted about the possible crackdown by SEC on companies just like this one. I can live with anything the judge rules on as long as it is not the same BOD makeup.
I must politely ask, who warned against potentially fraudulent special meeting? I don't know.
Just saw stock go to .01.
Nothing except the fact that the officers were fired and are still awaiting the outcome of Feb. 1
I have never seen or talked to any of CLYW officers or independent directors, so I'm truly an outsider with only a few thousand invested. When I invested it looked like it was going to do major things, so I kept adding when I could just like everyone else. In my view what needs to happen is to put aside the unfortunate history of this company and quit harping about it like the damage done can be undone. The only true asset I see this company has is the patent and its potential. It is also my opinion that the BOD has to consist of members that have the same vision and dedication and I think it needs to total five. With that type of makeup, when there is disputes they can quickly glide through them with a vote. Hopefully after next week this company will emerge with a newfound direction that will pick up the pieces and make it viable for the benefit of all of us. I don't even care if Dave Williams is the new CEO as long as it is along the lines of what I would like to happen. If that is unreasonable I'll start the bonfire.
OK, I"m back. Looks like someone has awakened the giant scam and fraud beast. Once again after another marathon ramble I still don"t have anything to hang my hat on. I do know this, if this fiasco continues regardless of who is responsible the shareholders might as well build a big bonfire and everyone stand around it and throw their shares in it
Thanks, that is very important information you have obtained. If this current trend continues with this company I'm afraid of CLYW becoming one. I suggest everyone read that, it is very sobering.
I totally agree with you there. It was stated by Pierce at so called illegal meeting on Dec. 15 that the financials should be finalized in six to eight weeks. That time period is getting close.
I also would like to see something but, my guess about the silence is that they fear anything that is said or released would initiate another lawsuit or fraud charges by you know who.
I got to commend you on the thoughtfulness of your post. It would seem a little unfair if shareholder meeting and proxy was voted and you were for whatever reason was the only one who voted and your vote was discounted because 200,000,000 did not.
I did indeed. It is getting tired this { FRAUD WITHOUT FOUNDATION}.
Man, you guys really got DSU going. Must have had a fire extinguisher handy to use on the keypad. It is kind of funny that after all the nonstop raging banter and thousands of words, not a thing can be taken out of it to hang your hat on.
You are absolutely hitting the nail on the head. My exact thoughts. I'm out of here, thanks