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You know what they say about "assume"...
Uh... of what value is a "double secret probation legally binding contract" that leaves Daic with the $170M judgment and ownership of the patent intact?
*Thump* *Thump* *Thump* <---(sound of beating a dead horse)
There is no binding agreement until it is filed with and recognized by the court. Period.
I say I want to buy your car. We sign a purchase and sale agreement for an undisclosed sum. I never file for a new registration nor change of owner with the DMV or the insurance company. I have a bad accident in the car. Whom do they come after, the buyer or the owner of record? (Hint: it's not the "buyer")
As I understand them, the Facebook TOS does not require a page with a company name to actually be associated with the named company. Looks like this dumdum page was started by someone who then lost interest. There is interesting stuff on the Fix Calypsowireless facebook page.
Log into Facebook. Search "Fix Calypsowireless." It seems to be heating-up again.
Nice A-6E pic.
>>Folks, wise up. The settlement is done.
Really? Where is it? Both we stockholders and the court want to know! And they want us to vote Williams off the board on the basis of their vaporware?
Strange. They HAVEN'T filed it with the court, have they? Perhaps if they get enough heat from investors in the next few days they may.
It's a very simple binary. File settlement with court: BOD honest, vote against Williams. No settlement filed: BOD stinking crooks, vote for Williams.
Ah, yes, the "double secret probation agreement" that no one can see. The PR without it is garbage.
Sorry. No filed settlement, there is no deal recognized by the Court.
I estimate that $20M is what the various bums in this drama will have claimed for back salary and "expenses" during the negotiations.
I do not understand your August dates WRT current events. The docket says no court accepted agreement by 26 December, Daic wins by default. Again.
I hope this doesn't mean that the Boston Dtox/Dtox International criminals will be getting money from any CLYW agreement.
The "agreement" was never filed with the court. Hence, whatever may be on paper somewhere has not been accepted by the court. There is no legal agreement.
The deadline to file with the court -- and for the court to accept it -- is 19 December -- six more business days. The court docket shows that if there has been no agreement accepted by the court by 26 December, Daic will be declared the winner of the suit by default. CLYW will have no patent and will still owe Daic $160,000,000 by default.
One can sing and dance all they want about the "settlement," but there is none, legally, despite four lies -- ah, 8Ks -- since August.
My prediction: Williams will be ousted on 15 December, for right or wrong. On 19 December an agreement will be filed with the court. In it, CLYW will receive the US right to the patent, 28% of any TM deal, and $20M in cash. This money will disappear into the bank accounts of the various figures who will claim back pay and expenses, plus interest. T-Mobile will be shown to have made no deal with CLYW, having understandably laughed at the idea with Turrini in charge. Some will demand hiring a junk yard dog of a contingency lawyer and sic him on the infringers. This may yield results down the road. The stock will hit 18 cents and stay there pending further developments. Cramer will give a "hold" recommendation. The BOD will refuse to complete the SEC paperwork to get the stock relisted and will attempt to dilute the stock by trying to issue more shares -- anything to keep the patent off the market. Williams will sue to stop this. Williams may well put the company into receivership. If he does, all bets are off and CLYW moves to Plan D.
>>despite what you say, though it may be correct, the speculator in me says strong buy
By all means, buy! And at a high price, please.
>>But that would only work if there were outstanding shares still available.
You mean the approximately 100M "dark" (unaccounted for) shares? They are probably controlled by Daic and Turrini.
>>I am sorry, I did not fully respond to you're post. Securing the patent is done. The board voted on, and approved, the settlement. that is no longer in issue.
I feel like I'm yelling into a barrel. There is NO LEGALLY BINDING SETTLEMENT. If there were, it would have been filed with the court. It hasn't been.
What do you think of the company trumpeting a "settlement" that doesn't exist (per no filing such with the court)?
>>The first priority, secure the patent.
No. The first priority is to get the settlement. None has been filed with the court. Thus, there is no settlement.
No, you get a grip. Threatening shareholders and other posters is not only a violation of TOS, but probably actionable as well. You are issuing threats.
>>Beyond the illegal proxy solicitation effort going on... I think you can easily enough make the case that knowing participation in the vote... would itself constitute participation in the fraud.
OK. That's enough. Stop it! How dare you label other shareholders criminals for participating in this election? That's just terror tactics and as low as you can get. We've withstood your tantrums for months/years. If you are not in violation of TOS, you are clearly in violation of good manners and common courtesy. If the election is subsequently ruled unlawful, there will NOT be charges leveled at participating shareholders.
If you can't control yourself here, I ask the moderators to stop you.
Show me the notice of the court-filed settlement. The "vote" is four business days away (three if online). Filed settlement, vote against Williams. No filed settlement, vote for Williams. It's that simple.
>>I guess we will have to wait on an 8K, and keep checking the court for a record of settlement. Our group is willing to wait...what's a few more weeks/months?
Agreed. But don't hold your breath. Turrini et al have released a PR _four times_ since August trumpeting the "settlement agreement." Funny, though; it has never been filed with the court, which, on 26 December, will declare Daic the winner in his suit against CLYW by default.
I've been a long for almost nine years so I'm in for the duration. Of course, I'm also still waiting for the Mother Ship to return Elvis, so ...
>>We put together a summary of this technology/company that has the key patent for Hotspot 2.0 and which we consider a VERY RISKY "100 Bagger" opportunity. Years of controversy ended yesterday when Calypso Wireless announced they have the sole and immediate right to use, sale and develop U.S patent number 6,680,923.
Talk about jumping the gun. Yesterday there was the fourth (4th) bogus announcement of a settlement since August (remember, no court filing, there IS no settlement -- i.e. Turrini and Pierce lied) and today... the pps dropped to 2 cents before recovering to 4. I'd say the controversy was right where it was two days ago. I'd also say that if this fantasy becomes real, we would be looking at $5/share soon.
Your point being that neither Williams nor Walsh were stupid enough to fall for the August "settlement" PR? They were right, weren't they?
It's so easy. Link to the settlement notice filed with the court. The court still shows the case will be dismissed in Daic's favor 26 December. No settlement, Turrini and Pierce are just liars. How do you respond to the no settlement filed fact?
It's really not that complicated. The court has no record of the settlement being filed. There is no settlement until that happens. Turrini and Pierce have now four (4) times announced a settlement, yet none has been filed with the court, as required. As of today, the court lists the case to be dismissed on 26 December, in favor of Daic. How is that a buy recommendation for CLYW? (You are free to post any release from Daic that helps support your case, but no filing, no settlement).
>>what i believe the drago quote actually means
This is a joke, right?
Please link to the court-filed settlement agreement notice, which is a public record. No? Then there is no agreement.
What agreement? Please post.
Excellent question! No settlement filed = no agreement = case dismissed on 26 December = Turrini and Pierce lied. Again. The filing is required as is the public notice of its filing, whether its contents are disclosed or not. Those crying "there's a settlement!" are just blowing smoke.
>>Hopefully all have already seen the Press Release. Deal is closed. Settlement has been finalized as Committed by management.
Sorry; no. No settlement filed with the court. Judge still saying no settlement filed, case dismissed December 26. This is your "done deal"? No. Management using the Phantom Deal as a reason to toss Williams. It's germane this month to consider what happened in DC the week of 1 December, 1941, between the Japanese Embassy and the US State Department.
Yes, an 8K four months old that was never executed (arguably a felony). A "settlement" never filed with the court (<--- a requirement, mind you). The judge saying plainly no settlement filed by end of December, case dismissed. Return to "Go." Geez. How many clues does one need? There is no legally binding deal yet.
Day three. No 8K. No filed settlement. No truth from Turrini or Pierce. Certainly not from Daic. And you want to oust Williams on this basis?
>>Dear Shareholders,
You can vote to keep or remove Dave Williams. Chances are you aren't happy with the performance of CLYW so far, so ask yourself... do you keep Dave Williams on the board like has been the case while the stock failed miserably, or do you make a change.
I'm not asking you to believe one side or the other... frankly no one can figure out which side is the bigger liar... I'm just asking you to use logic.
If you don't like the way CLYW is going, then vote for change. Kick Dave to the curb.
Devil's advocate.
Dear Shareholders:
You can kick Dave Williams out, then see the settlement which goes entirely to officers for back pay (my estimate: $9.6M will be claimed in back pay, plus "expenses"). Still no licensing deal with TM or anyone else. Stock goes to 1-2 cents. Dave puts company into receivership. Creditors take any remaining money.
We report; you decide.
Same PR. No 8K. No filed settlement with court. Same bullshit to try and sway the vote.
Two days, one hour, and 40 minutes since the PR. Still no 8K, no filed settlement. Liars. Williams looks better every minute.
The BOD is too busy to reply. They're probably all watching Corzine on CSPAN and wetting their pants.
Dear Management (and I use the term humorously):
No 8K, no agreement, Williams stays.
Sincerely,
Good answer. Thanks. I have been buying again since August, actually.