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are any of you buying more ABEW? seen some posts about buying under $1.
officially entered the dead zone. not a bad thing as we build a base here. imo no price action until next news which could be a ways out.
sounds good. eom
wrong sugar -
the signature page states the agreement was EXECUTED...
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.
been around contracts all my life and that's how it's usually done. the agreement was executed on April 20th. it's a done deal. they never filed a contract with CGE.
sugar..it's in black & white (or green in this case):
Agreement Years Minimum Purchases
1 100,000 units upon execution of the agreement; 150,000 additional units purchased and delivered prior to the end of the contract year (400,000 additional units if exclusive Territory is expanded to include the European Union).
THIS EXCLUSIVE DISTRIBUTION AGREEMENT (this “Agreement”) is made as of the 20th day of April, 2005
OT ABEW holding up well in absense of further announcements. was expecting move back down into 70's but not happening. looks like strong support 85-90c. will hold for may 15 10k. might get more news then. probably $5 sometime this year imo.
yep. i'll be buying on any dips. got some today in fact.
IMO we've turned the corner on this one. now a real deal. next week's demo in London should be catalyst for further gains. if you read 10k, you noticed the franc telecom deal was eff in April, meaning 100,000 phones have already been bot my franc telecom. assuming $200 per phone(?), that's $20mm in rev rolling in immediately, or most likely upon the demo in London. $20MM! even if it was $10MM that would be huge for this company and the market will notice. Shilling has an options package now. he could have probably gone 100% cash, but chose shares insead, and at 98c/share, not 20c, or 50c...
also liked cleaning up all the old trash. got rid of all the lawyers who did nothing for them while amigos ran the ship. settled share disputes. got new permanent CFO at reasonable salary.
IMO, if they had a PR that made clear that the 100,000 phones are already sold, we'd be > $2. guess is they'll announce that after the demo is fulfilled next week.
getting hit. going in at 84c for some.
thanks T4M. any idea what public float is? saw your note saying it was small.
final
MAKY -T4M, I looked into this one a little. looks like it starting trading a year ago at $4 and has gone straight down since then. CEO Norton resigned Oct 04, CEO Smith resigned Jan 05. Only $5mm in revs in 04. none of this sounds good, but what really sounds bad is they issued 48MM shares of common to the iElement shareholders upon that merger in Jan 05. Maybe those are restricted, but 48MM? not sure how this stock ever recovers with that sitting on it.
why do you think it's a buy? are you only playing it for a couple of cents?
final
20MM in revs immediately!
the purchase of 100,000 phones by Franc Telecom was effective upon execution of agreement. that was in April. assuming $200 per phone, that's $20mm in revs to Calypos RIGHT NOW.
assuming $40 per phone in margin, that's $4MM in earnings IMMEDIATELY.
CALYPSO GETS IMMEDIATE REVS! JUST CAUGHT THIS READING THE 10K!
MAKE SENSE?
Minimum Purchases
1 100,000 units upon execution of the agreement; 150,000 additional units purchased and delivered prior to the end of the contract year (400,000 additional units if exclusive Territory is expanded to include the European Union).
"100,000 units UPON EXECUTION OF THE AGREEMENT". The agreement was executed April 20th so CALYPSO HAS MADE A SALE OF 100,000 PHONES!
I'm guessing these are the phones asnapie been talking about that are almost ready! It all makes sense.
assume they make a margin of $40/phone (would be higher but Calypso is farming out phone manufacturing), that's $4MM margin (not revs, margin)
we will explode next week. PR's coming out.
600,000 shares registered to sell by some Vandengerg guy...check raging bull. i can't find the 144 filings but looks genuine. guess is getting ready for 10k and PR run. 600000 shares will put a damper on the run.
looks like CLYW did indeed win case against rouge shareholders. this shows a special hearing coming up 5/19 and that somebody filed to recover their costs from the other party. given asnapies note, i would assume calypso is the one that filed to recover costs. wouldn't do that unless case was won.
Civil / Family / Probate Justice System Docket Information
CALYPSO WIRELES INC vs NARQUINEZ, GABRIEL
* Click on BOOK/PAGE of a particular docket to see the image if it is available *
Case Number (LOCAL): 2003-4342-CA-01 Filing Date: 2/19/2003
Case Number (STATE): 13-2003-CA-004342-0000-01 Dockets Retrieved: 104
Judicial Section: 32
Date Book/Page Docket Entry Comments
05/03/05 MOTION: FOR CONTEMPT,FEES,COSTS,ETC./ATTAC.EXHB.FILED W/DEPOS
05/02/05 NOTICE OF HRG SPECIAL APPT 05/19/2005 : 11:40 AM
btrad, Arg - can you help with my 8k question? maybe you can ask Raj about it? appreciate any help you can give. maybe the RB posters can help. pretty knowledgable over there.
long & strong.
final
question - did anyone but me wonder about this clause in today's 8k that says Dan Nelson can buy Identity back from ABEW after year 1 if he has "disputes"? and then, if he exercises that right, they have 30 days to "resolve" the disutues. if they can't resolve them, it looks like ABEW can sell Identity back to Nelosn for 115% of what they bought it at.
what the heck is all that? Looks like he was nervous about selling out to ABEW so he wants an out if ABEW doesn't live up to their talk. worries me a little. Let's say things are going great but he's not happy. he then exercises his right to take it back?
please post on Raging Bull as I don't post there, maybe they know what this is about.
1 hr in and 500 shares. pitiful. noone cares enough to trade. ASNAPIE - where is 10k you promised last Friday? you could expire waiting on georgie to get his crap together.
let's compare and contrast with ABEW, another pink sheet. ABEW has all filings done on time, they have a great website, they actually have REVENUES, they just bought another company, they just had a SHAREHOLDER MEETING, their officers all have 15+ years experience running companies, their products are certified by Zigbee alliance, they name their prospective customers, they have applied for OTCBB listing and SEC is on last few questions, their product will be the first to hit the market.
sounds like the anti-calypso. i'm way long abew and getting longer.
dog - agree 100% on ABEW. i'll be buying it up if it drops back to 70s. did they elaborate on Identity deal at SHM? did they hint at any other deals?
hawk - saw you on RB as well. SHM is today, but haven't seen any postings of what went on, maybe it's still going. my take is that all news is already out & dont think they'll announce anything at SHM. think move off the pinks is postponed, heard from CFO to that effect, was supposed to be May 1, now maybe mid May at best, SEC jammed up. ABEW long term hold for me. like this board much better than RB. would like your take. how long you been in ABEW?
asnap - 3 days late on 10k! where the heck is it? email to drake no response. going below 1 today
going to get ugly.
looks like opening will be down. no 10k is killing this thing. disaster. back under 1 soon, maybe today. poor suckers that bot yesterday will bail.
where's asnap? my guess is he's been banned for continuing to lead the board on. doesn't look good.
new website? wow. what progress. joke.
hey T4M. ABEW announced Identity aquisition. think it might be a good day.
love it when plan comes together
1.50! holy moly
taking a flier at 1.28 for some may move back up
back to under 1.30, that was fast.
1.35. wow
clyw breaking out, expecting 10k filing and news this week.
news of field trials could push it a long way, but let's start with the 10k first which will never happen. where's asnapie today?? in his hole crying? where are you c99? are you in there 2? why aren't you spouting your BS today?
latest on Calypso vs Doug Sanders - he also had shares. looks like his attorney's withdrew from case which might be good news.
Court 61ST DISTRICT COURT (CIVIL) Case Number 200419299
Style SANDERS, DOUG VS. CALYPSO WIRELESS INC
Case Type CONTRACT Status READY DOCKET
Date Description
04/22/2005 ORDER GRANTING WITHDRAWAL OF ATTORNEY SIGNED
latest docket updates on calypso versus narquinez and others that had the 10mm shares. looks like hearing been moved back to July now. can't make sense out of the other stuff. doesn't look like a win to me asnapie.
CALYPSO WIRELES INC vs NARQUINEZ, GABRIEL
* Click on BOOK/PAGE of a particular docket to see the image if it is available *
Case Number (LOCAL): 2003-4342-CA-01 Filing Date: 2/19/2003
Case Number (STATE): 13-2003-CA-004342-0000-01 Dockets Retrieved: 102
Judicial Section: 32
Date Book/Page Docket Entry Comments
04/21/05 NOTICE NOT PROCESSED, CAL FULL 04/28/2005 : 09:30 AM
04/21/05 TEXT MTN FOR CLARIFICATION
04/20/05 ORDER: NOTICE OF HEARING ON 7-25-05, @ 1:30 P.M.
nevermind
abew halted? sure hasn't moved in a long while. i hope so. maybe releasing PR. doubt it though.
no PR from ABEW but recovering a little on low volume. maybe a push later. $1 will be tough to crack without news.
T4M - RB sucks! at least the ABEW site sucks. those guys are pyscho. go ABEW. if you talk to those guys, ask them why no PR about Identity
sorry, but a PR about cancelling the last 3.33MM shares the amigos gave out is not good news. announcing revs is good news.
"bad news in 10k" - that could be a long list cause it was a notable year..the legal section could be 100 pages all by itself...Mendoza indicted abroad, Winfield rung up on charges, suing numerous people to get shares back, .....
you've been wanting this 10k so bad, we'll now you may get it. this thing could plummet when the dirty laundry comes out in the open.