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To be fair, the Boston DTox scam was not specifically the child of DE Wine, although some "close, personal family members" were involved.
Yes, I see that after the vote, Turrini promptly posted the "settlement." /S
Six days, people, and then we lose everything unless Turrini POSTS THE SETTLEMENT with the court..
Keeping owners in the dark has been consistent with the current group of bums running the company. Why would it change now? No one has stopped them. I am more concerned about the vaporous "settlement" being filed with the court in time. Six days left before we lose it all.
Good question. I estimate the amount of deferred officer and lawyer compensation to be in the $10-20M range, plus interest.
ALLEGED settlement.
General Question. Who runs IHub? I cannot find any information about it through Google or Copernic.
No, it isn't. How interesting that some posters are posting the results already.
So, long story short, I am correct. On 26 December the court will drop CLYW's case against Daic for lack of prosecution. Daic wins. He gets the patent and the judgment against CLYW for $170M stands. CLYW is destroyed. All because the BOD refuses to file the alleged "settlement." And shareholders just (reportedly) voted Williams off the board? WTF?
Six more work days until the 26 December court deadline.
Really? Before the election happens? Please explain.
I don't know. I do know that The Wall Street Journal has reported that Obama has $55,000 invested in it.
The likelihood of four people sitting down and ironing-out their differences is inversely proportional to the amount of money to be made. Tens or hundreds of billions of dollars means Bert and Ernie couldn't agree on anything.
>>As far as what will happen with the current case?... I think what will happen with our failure to file with the court by the date specified has been clearly covered by others.
Please link. I haven't seen it.
The Adventure Continues.
Latest Tests Show LightSquared Disrupts Most GPS
Federal officials Wednesday confirmed earlier reports that signals from a nationwide broadband system proposed by LightSquared will significantly disrupt existing GPS service. In separate statements, the National Coordination Office for Spaced-Based Positioning, Navigation and Timing (PNT), the Department of Defense and the Department of Transportation essentially said that under current circumstances, GPS cannot coexist with LightSquared's planned 40,000-tower network of high-speed wireless broadband transmitters. "LightSquared signals caused harmful interference to the majority of … general purpose GPS receivers," said Anthony Russo, director of PNT. The comments were based on recent test results that also showed the signals could affect TAWS. Cellphones are not affected significantly, according to the tests. LightSquared said it rejects the findings about the GPS receivers but is willing to work with the FAA on TAWS. The GPS interference, LightSquared claims, is the GPS industry's fault, which, regardless of the veracity of the claim, may be a moot point.
In a statement, LightSquared CEO Sanjiv Ahuja said the problem isn't that his company's signals invade GPS's territory, it's that GPS receivers "look into" LightSquared's spectrum. "LightSquared has had the legal and regulatory right to use its spectrum for eight years over two administrations," Ahuja said. "The testing further confirmed that the interference issues are not caused by LightSquared's spectrum, but by GPS devices looking into spectrum that is licensed to LightSquared. We have taken extraordinary measures -- and at extraordinary expense -- to solve a problem that is not of our making. We continue to believe that LightSquared and GPS can co-exist." However, the FCC waiver that would permit LightSquared to operate its system appears to place the onus on LightSquared to ensure its signals do not interrupt GPS service. LightSquared is expected to have more to say about the tests on Thursday.
Short version: in seven more working days the CLYW case against Daic will be DISMISSED for want of prosecution and Daic will win. Keeps the patent. Has the $170M judgment upheld. Unless Turrini FILES THE DAMN ALLEGED DOUBLE SECRET PROBATION VAPOROUS SETTLEMENT with the judge. Then we shareholders all lose. Now look what you've made me do. Use CAPS like DSU!
No. On 26 December the court, in the absence of the double secret probation vapor "settlement" having been filed, will declare Daic the winner and CLYW as having failed to prosecute its case. While it's true that CLYW may then appeal that decision, that pushes the can down the road until about 2015, at which time subspace communications technology will have made the patent valueless. NO FILING, NO SETTLEMENT. CASE DISMISSED.
Wrong. Daic will win by default. The court has said that unless a settlement is filed before 26 December, Daic will be declared the winner and CLYW declared to have defaulted by failing to prosecute the case. Read the docket.
Who says they have to release the results of the proxy? They haven't released the phantom "settlement." They may just declare Williams removed.
Strange. He has refused to answer my emails since June.
Then simplest explanation is usually correct.
Until the phantom settlement is filed with the court, Daic wins by default. On December 26, as the judge has ruled. It's that simple. The millions of joules of energy wasted on talking about the Williams vote is smoke.
Sorry; no. Nothing has been filed with the court. Thus, there is no settlement. The patent is still listed as belonging to Daic.
Incorrect, in my reading. The $117M judgment (now $170M with interest) is part of the Daic suit. On 26 December, according to the posted court docket, Daic will be declared the winner in the suit (and will also get the patent) UNLESS THE BOD FILES THE SETTLEMENT WITH THE COURT. How many times do I have to say it? The settlement may be sealed but it HAS to be filed with, and accepted by, the court. This has not been done. Ergo, there is no official settlement as far as the judge is concerned.
Until the BOD files the signed settlement with the court, we have six working days left until Daic is declared the winner and he can laugh as he wipes his butt with the "settlement." But everyone on this board is screaming at one another about the "election."
Well, to be fair, the cat circus that is Calypso is repeated in many other companies that have money to spend, esp. in telecomm.
>>The fact remains: Dave threatened Continental several times;
Dave threatened Paul Storm; Dave threatened Buchalter Nemer.
I am so SICK of these allegations. SHOW ME THE DOCUMENTS.
You're confused. I am not talking about the Dump Dave meeting of this week. I am talking about the Daic suit, in which the court says that come 26 December, no settlement filed with the Court, Daic wins his suit: he keeps the patent and is owed $170M by CLYW.
Remember the court docket. In the absence of the double secret probation vapor settlement being filed with the judge, on 26 December the court will declare Daic the winner of the suit. He will get the patent plus $170M per the 2008 agreement. That will be that. So does the BOD file the settlement? No. Seven business days to go.
Filing a suit is one thing. Board members seem to forget -- repeatedly -- that it takes 2-8 years for most suits to actually come to trial. That's like trying to measure the speed of light by using a grandfather's clock. Especially in the telecomm industry, events move far too quickly for law suits to be of any use except in rare occasions of after the fact revenge. Look at the LightSquared situation. It is going ahead with its nation-wide network of transceivers despite compelling proof that their signals will render GPS useless. The GPS manufacturers have filed suit to stop LightSquared, but the alleged jamming will have occurred long before the suit reaches trial. People may die but that has not compelled the government to stop the initiation of the LS system. In CLYW's case, no lives are being threatened by the technology. How quickly do you think a suit will be concluded?
As some poster has noted, everyone should be concentrating on making CLYW money. That this food fight continues just proves to me the immense value of the patent. _Someone_ is determined to become a multi-billionaire whether that means sacrificing everyone else's investment or not.
It seems appropriate that we are now marking the 150th anniversary of the start of the Civil War.
"As a result, McClellan's leadership skills during battles were questioned by U.S. President Abraham Lincoln, who eventually removed him from command, first as general-in-chief, then from the Army of the Potomac. Lincoln offered this famous evaluation of McClellan: 'If he can't fight himself, he excels in making others ready to fight.' Indeed, McClellan was the most popular of that army's commanders with its soldiers, who felt that he had their morale and well-being as paramount concerns."
CLYW is burning and the generals are arguing about how to best stock cannon balls and bread while trying to get one another fired.
Rome isn't "burning." It's "experiencing enhanced activity through the utilization of acute REDOX reactions."
Lightsquared could be one of CLYW's biggest licensees -- if CLYW can stop trying to commit suicide. We lose the patent in nine more years. (I'd also consider selling my GPS stock).
=============================================================
LightSquared: FCC Broadband Approval Expected Soon
By Stephen Pope / Published: Dec 13, 2011
Several reports suggest GPS signals could
be affected if the LightSquared plan goes
through
LightSquared, the company that is rolling out a nationwide broadband network operating in frequencies very near those of GPS, claims it is closing in on final approvals from the Federal Communications Commission after the successful completion of the latest round of interference testing.
The company said it believes the FCC will make a decision on its proposed network in the first quarter of next year, and will rule in its favor now that the majority of testing has been finished. LightSquared says it could launch its network within nine months of receiving government approval.
The aviation industry, which fears LightSquared’s network will interfere with GPS receivers on aircraft, is maintaining a wait-and-see attitude. LightSquared faces one more round of testing next month, this time of high-precision GPS devices including aviation receivers.
The company slammed a recent report by Bloomberg News, which said testing indicated LightSquared’s network would interfere with 75 percent of the GPS receivers tested. Company officials said the leaked report was based on “selective data” and reflected power levels 32 times higher than LightSquared’s proposed network. The company did admit, however, that interference was found in 14 of 92 devices tested.
Despite LightSquared’s predictions about an imminent FCC approval, the aviation industry remains unconvinced that all of the interference issues have been addressed.
“There are ongoing technical discussions between LightSquared and the FAA regarding impacts on aviation safety, which remain unresolved,” noted Jim Kirkland, vice president and general counsel for Trimble, a founding member of the Coalition to Save Our GPS. “Once all of this testing and analysis has been completed, we will have a much more complete picture of the impacts of LightSquared’s revised proposals on GPS. It is obviously premature to claim at this point that these latest tests demonstrate that LightSquared’s proposed repurposing of the mobile satellite band for terrestrial operations is ‘compatible’ with high-precision GPS.”
LightSquared wants to install 40,000 ground towers across the United States that will provide broadband data connectivity to most of the country. Early testing showed that the towers’ transmissions would interfere with GPS receivers. LightSquared has suggested the GPS industry add filters to its devices to prevent interference.
Got it. Don't believe it.
You assume Walsh posted it. I have no reason to believe that. The link to the PR site is Code 404 -- not found.
Except no settlement has been filed with the court. No... filing... no... settlement.
Only those being paid to suppress it.
Nonsense.
Once again, no one would fight this hard and this long for a patent that wasn't worth hundreds of billions of dollars. Let that be your guide.
Disagree.
Then please explain it, using little words.
As we say in the navy, "WTF? ... over ..."
And just how does this effect the filing of the vaporous "settlement" before 26 December?
BTW, this PR has already been taken down at the Free PR Site.
Talks cheap. Still hidden from the company's owners (us). Still not filed with the court. No filed settlement, there IS no settlement.