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As has been noted previously, one of the directors claimed to have won a suit against CLYW judging the current directors to be illegitimate, resulting in the right to have a court receiver appointed for CLYW, removing all of the BOD in one move. However, this might then result in a filing for bankruptcy, with the stockholders' loss of all assets, including the patent, to the highest bidder at the bankruptcy hearing. Not good for the owners (us).
One of the first things you learn in business school is that self-interest trumps all else. If the BOD and officers believe that they can get a better deal by filing for bankruptcy and then bidding highest for the intellectual property, count upon that. If the increased scrutiny by the SEC and shareholders and MMs is high enough, it is very unlikely that the above will be tried. Rather, they will try to get the most they can for themselves from the company. If there really is some sort of psychotic battle going on among the directors, it's not possible to predict much, as psychosis is defined as dangerous behavior based upon an inability to see reality.
I will be unable to attend the forum in LA but will be keenly aware of what happens there. Believe it or not, CLYW is not the most screwed-up company of the past ten years. It is clear to me that the pps is being manipulated down; easy in such an environment where charges and counter-charges are being tossed about like hand grenades. Believe it or not, the biggest sin committed by the BOD is the company's delisting. All of them should have been thrown-out -- except we get back to the not having had a stockholders' vote in three years. Yet, the meeting in LA would not be happening unless something has changed for the better. Otherwise, it's far easier to let the bomb throwers wail away on web forums like this.
I blocked hokies a month ago. Just remember, he was screaming to sell at .01. Let that be your guide.
There's a Facebook page called "Fix Calypsowireless" that purports to have info directly from some board members and other interested parties. Caveat emptor.
Right. You offer neither documentation nor a scrap of proof, of course.
Please get off this dead horse.
http://navlog.org/dead_horse.html
There is, of course, the corollary. True crap simply settles to the bottom and is consumed by lobsters (Bon Apetite!). But a thing of value is fought over, and the more value, the harder the fighting. I believe the infighting going on re. CLYW reveals its true value. JMO, but I am planning a vacation trip in October.
Perceptive. Just because the meeting is three weeks away doesn't mean there will be no other announcements before then. It makes the most sense to have the meeting after more good news is released. I suspect -- just my hunch -- that T-Mobile news is coming. After all, the case was stayed last year with both parties announcing to the judge that they were close to an agreement. That was eight months ago.
Question: how did we get an unelected board of directors? How does one become a public company director without the input of the shareholders? Thanks.
Thank you.
We are at the one week anniversary of the settlement of the Daic case. Instead of celebrating, we board members have simply devolved into an even angrier group, attacking each other and people who aren't even here. This is pitiful. As I mentioned in my post of yesterday
(http://en.wikipedia.org/wiki/The_Monsters_Are_Due_on_Maple_Street),
we are on our way to becoming adversaries instead of allies. Let's keep what's important in mind.
There is no online record of Williams selling shares. ??
You're next.
Congratulations. You and your document-free incessant slander have just made my Phantom Zone. I hope you enjoy your company there.
This is 2011. No one keeps their financials on paper anymore. They are available electronically for sure. Even one's income taxes are filed electronically now with a paper page of signatures. I doubt we're talking about one set of paper documents stamped "official." CLYW is our company. We have the right to see whatever they have. This is not a "Dave" or "not Dave issue." This should be resolved at the September meeting. Until then, chill, please. All you're doing is poisoning the pps.
Keep it up, everyone. Perhaps we can close this week at .035 again. Unproven allegations do NOTHING but hurt the company. We have NO info from the board that the financials are not even now in the hands of the CFO or her agent. Get a grip. This is like playing "rumor" in the 2nd grade except real money is involved here.
We've been speculating all week on the status of the financials and in the last minutes of the trading day the pps dropped to a new weekly low. More than coincidence?
Depends upon one's degree of paranoia. Turini is holding the financials hostage until he gets $300K. Williams has hidden them somewhere offshore. The CFO is off her anti-psychotic meds. T-Mobile has hacked the records and made the financials disappear. AT&T is holding a director's family hostage and communicating via a Russian social site. The financials weren't done because there was no money to do it. There are no financials. At the September meeting, the board will flood the room with that nerve gas from "Goldfinger." The patent has mutated into the computer software in "Colossus" and all of us are being targeted by nukes. Dave Williams is really System Lord D'u'fuss and will destroy us. You may already have won the Publishers' Clearinghouse Jackpot!
Let's face it: everything being equal, the most likely explanation is the simplest one. Through a combination of mismanagement and lack of money, the financials were not done. I still believe we will hear very good news on the 17th, and interest in the stock/company certainly has bloomed since last week. This is the most optimistic I've been since 2006.
Hey; I report, you decide.
"Director B" on the Fix Calypso Facebook page alleges that Turini killed that deal. Who knows?
Being a Calypso shareholder is like having been constipated for eight years. Every so often you get a small relief, but the main blockage remains. When we finally get moving again the relief will be immense (and highly profitable, one hopes).
That's important. The quote I heard for getting this done was $30K ($10K/year for 2008-2011). Either $30K is a small cost to CLYW or they got a much better deal.
I believe there was a note some weeks ago in which Turini said that the financials were all but done at a small cost. Anyone point to that post? Or was it on Facebook?
That's what The Phantom Zone (blocking posts) is for.
Remember, we are languishing on the Grays for the moment. The only trading is when a broker can find a buyer for a particular number of shares someone is offering at a particular price without a bid/ask. Makes trading very difficult and limits it to the set blocks of X shares being offered. Don't mistake this for lack of interest in the stock.
Yeah, woulda, shoulda, coulda. What would happen if a meteor strikes the company headquarters? What happens if a mystery virus turns everyone to zombies? Do zombies use wireless? What if China invades Los Angeles? What if, at the September meeting, the board reveals themselves to be Gao'uld system lords? We can play this all day. The facts are that we ended a five year problem with finite results, including that the company has exclusive rights to an immensely valuable patent in the United States. We move on from here.
>>> Correct---no limits on buying as long as they are not in possession of material info not disseminated to the public
Duh! They are in possession of what TM has offered to settle the suit. No one else is.
If memory serves, the TM suit was left "open" almost a year ago, probably to let the Daic suit end. I would be amazed if there were not already a settlement just having waited for this time. That would make it unlawful for any officers to buy are sell stock now.
Yet, you remain a shareholder and keep posting on this board. Strange...
Yes, the settlement is great news. Stock up 100% in two business days from .05 to .10. One hopes the officers are not relaxing, but are going flank speed ahead with the pinks and the TM settlement. Frequent posts on the new company website are vital.
The Wrath of the Grays
It's becoming clear that the pps is stalled until we get back on the pink sheets, for which we have no time table. Unfortunate, but it does give more buying opportunity at an artificially low price.
Your reasoning implies that even someone offering .25 a share can find no buyers. I believe the slow growth in the pps is due mostly to lingering uncertainty.
As the company files its back paperwork and proceeds with its infringement suits, things will start jumping.
Also, it's only one business day since the settlement for a company no one was watching (except for us addicts here on the message board) and the stock is up 110%. Not bad at all.
Add the psychotic stock market, jump in gold, and unemployment and we do not have a favorable buying climate. It'll happen, and as you suggest, unless the company is working full bore on regaining Pink status, the officers are not doing their jobs. Let the contingency lawyers wrestle with the big infringement suits now rolling. The BOD should be spending all its time on getting re-listed and issuing PRs. Even a company webpage PR would help.
Bummer, man. If we were still on the pinks the stock would already have passed .30. Ah, well. What's another several months after eight years?
No trouble with Southwest Securities or Northgate.
Again, ridiculously low. Where do you get the idea that a TM settlement will be, at most, less than half of one percent of TM's revenues since 2004?
Or, $25M = three one hundredths of one percent (.03%) of TM's revenue since 2004. Seems a "little short," I'd say. /s
$25M for years of patent infringement that brought TM hundreds of million of dollars, perhaps billions? I think not.
This makes no sense. From where are you getting your $50M and $5M figures? Where are you getting your estimated percentages? You provide no documentation (as others here have also failed to provide). To what confidential info are you privy? Without current documented numbers there can be no argument.
You have not answered a single question. You're done and in my Phantom Zone. I won't hear from you again. Good luck with scaring other board members.
>>YOU just got ROYALLY screwed... by what Turrini did.
Enough!
1. How? Be specific.
2. Your proof/documents/pointers
3. I want numbers, dates, and actions
DSU:
I've read your posts for months. Frankly, I can't make heads or tails of them. You keep screaming "fire!" without any quantifiable evidence. You make huge claims of death and disaster without referencing any specific documents, acts, or people responsible and showing the proof. You USE CAPS like they are about to go extinct. You now claim that the settlement will, in short, give Daic billions and leave us shareholders out in the cold, with no coats or mittens, to freeze to death. You daily claim the directors are schmucks or stupid or greedheads or criminals or serial liars or all the above. When questioned, you say "see the record" without pointing us to any specific information. When Turini actually replies to board members, you simply call him a liar and thief. Frankly, it's getting very old.
I know we have a lot of opinions here and that some of us who have owned this stock for what seems like a hundred years are worn-down about it and the company. But this settlement removes all obstacles from the company for going for big bucks now, with bigger bucks ahead. I don't pretend to be a lawyer, but we today are in the best position since 2004 to succeed. I do not want to attack you personally, just your deluge of posts screaming doom while calling the rest of us stupid or ignorant or both. I hope the moderators won't remove this post as abusive in any way.
This post is already long enough. Please. Either give us specific facts to show we are doomed or stop. No, we will not all be billionaires. But those of us with thousands or hundreds of thousands or millions of shares are looking today at a much brighter future.
Thanks.
Flashback
San Diego Benefiting From Qualcomm's Good Fortune
Economy: The telecom firm's spectacular 1999 stock rise has created great wealth, invigorating the lagging county.
January 06, 2000|CHRIS KRAUL and ELIZABETH DOUGLASS | TIMES STAFF WRITERS
They are the "Quillionaires," the lucky ones who have struck it rich from holdings in one of the country's hottest stocks, Qualcomm Inc., and they are out buying houses and imported cars, giving to local causes and elevating the San Diego economy.
They owe their newfound wealth to the stunning rise in Qualcomm's stock price to $156.44 from $6.50 over the last year, the fifth-largest gain of any U.S. company. Among the newly minted millionaires: at least 1,000 local Qualcomm employees with windfalls in stock options and bonuses and probably as many local investors who capitalized on the run-up. Qualcomm is flourishing because it developed a critical technology that's licensed to all manner of wireless communication systems.
http://articles.latimes.com/2000/jan/06/news/mn-51324
Good luck to us all!
I've seen plaintiffs with an air-tight case lose before a jury. A jury trial is like playing twister blind-folded. Often, people resentful for having to serve on a jury simply find for the defendant. A settlement with something you get beats a jury trial giving you nothing. Enough is enough. Suck it up. Move on.