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FYI, most settlements happen when both sides are actually in the court house getting ready to roll before the judge, or during the trial itself before a verdict is rendered. Until then, the defendant delays as long as possible.
You left out that every CLYW shareholder now must pay Daic $100 a share owned and then have their left hands amputated.
What the...? Someone sold 100 shares and dropped the price to .05. How is this possible?
Pity we lost the Pinks. Would have been .30 this moment.
That's nothing. The FAA called me while I was giving a flying lesson...
Juries are often insane and always pissed that they couldn't get out of jury duty. Trust me on this. Would you have rather gone to trial vs. this settlement?
News hasn't gotten out yet. The Yahoo "I hate CLYW" board just had an announcement.
How else can people scoop-up cheap shares now in the short term unless they badmouth the company? 8*)
Gee... and people call ME negative. How can this settlement not be good news?
I am cautiously optimistic. Really. But having been in CLYW for eight years I feel like a battered spouse whose partner promises never to hit me again.
CLYW is a business school case study on how to screw-up a free lunch. I've started and run my own businesses. Historically, CLYW management has ranged from the convicted criminal to the incompetent to the unconvicted criminal to the dreamer. Not a very solid background. I have long viewed being a long in CLYW as having bought a season lottery ticket. People who have invested in CLYW with money they can't afford to lose have made a mistake.
Compounding the situation is the company history. I half expect to tune in "American Greed" one night and see an episode on CLYW. Yet, the promise of riches for pennies has a powerful alure.
Looks like things may (again) be heading towards a resolution. I certainly hope so.
It IS progress. Too bad they had to be forced into it.
I agree. But it took an SEC investigation, a Facebook page of malcontents, and much closer scrutiny to achieve it.
Bad news. The truth has no agenda.
You mean, like, new officers and directors?
It's NOT a meeting. It's a "forum." No votes may be taken without being an official stockholders' meeting.
Note that a "forum" is NOT an official meeting. Probably so to prevent any votes from being taken. Another disappointment.
So, how did the guy who actually invented and patented the 923 software sell it to CLYW, and why?
The big volume today was a sell at .061. How does this presage a settlement?
We're third now, with six more days left in this trial window.
So? He clearly committed multiple felonies and was pursued by the law for it. How does this relate to having shareholders try to get criminal charges filed against current board members?
Who? Explain.
One says he's Turrini. The other wanted to remain anonymous, apparently. Contact the Facebook people.
Plenty of time for that. The two directors who have posted on the Facebook page tell completely different stories of what's been going on.
Link? I can't find any pix.
The DA brings criminal charges against an individual. Defrauded shareholders do not have that power. They can file only civil charges for damages.
Technically, the BOD is illegitimate as it was not elected by the shareholders. I also understand that there is at least one pending case to remove them in favor of a receiver. They are personally responsible for what they have done to CLYW. Could be very ugly unless they win against Daic.
Curious. We were told CLYW was broke and unable to pay the transfer agent fee. Now we are told it was a "minimal amount" the company just paid to make the transfer agency current. If $30K is "minimal," then how has the company been broke since 2007? Doesn't compute unless we've been lied to.
Current transfer agent. 'Quickly done at minimal cost.' Uhuh. It took three years for CLYW to do this. Has the BOD been lying to us?
How might this be confirmed?
About six months ago I tried to transfer my stock from one broker to another. I was informed that this is not possible because CLYW has not paid its transfer agent for several years (The TA guarantees that the stock is valid). The stock is held by my broker and he can sell it for me but he cannot transfer it to any other brokerage. Hope this helps.
Google to Buy Motorola Mobility for $12.5 Billion
WSJ ^ | AUGUST 15, 2011, 8:39 A.M. ET | By MELODIE WARNER
Google Inc. agreed to acquire Motorola Mobility Holdings Inc. for about $12.5 billion in cash, a move that would make Google more competitive in the mobile-computing market. The deal, which comes just eight months after the split of Motorola Inc., would give Google control of Motorola Mobility's attractive patent portfolio after the Internet giant recently missed out on a bid for Nortel Networks Corp.'s portfolio. Google, which owns the fast-growing Android operating system used in millions of mobile phones, has a thin portfolio of wireless and telecommunications patents.
The deal has a reverse termination fee of $2.5 billion, according to a person familiar with the matter.
http://online.wsj.com/article/SB10001424053111903392904576509953821437960.html
Gee. Might've been nice for The New Calypso Website to mention this. And just how does the state know what became of these certificates? And if the holders don't have possession of the certificates, how'd that happen? And why have they waited years to head-off this problem? Whole thing is sounding more and more like the Boston Big Dig.
""Please note: Your shares must be submitted to us for exchange to the new equivalent shares or cash entitlement. If the old shares are not in your possession, kindly place an X in the box below sign and return this letter to us. Our lost securities department will forward replacement documents to you."
Lost securities? Lost by whom? When? This is incomprehensible.
Gee. An enigmatic notice on the new CLYW website that just increases confusion and distress. Would it have been too much trouble for CLYW to include an explanation? Apparently so. I am losing what little respect I had for the company officers.
The BOD still believes they can get away with the damage they've done to company and shareholders. They're counting upon shareholders not having the 'nads, the resoutrces, and the smarts needed to bring them to justice.
They are wrong.
Whatever the outcome of the trials, these people are headed to court as defendants. They just don't yet believe it.
>>And yet... now we're being innundated with a PR campaign designed to convince people Turrini is MORE than competent... <<
Only because of the SEC action and a much greater degree of public scrutiny (such as the Facebook page). The current and past BODs fall somewhere between incompetent and dishonest. You decide. But things have changed.
IIRC, the trial is scheduled fifth in a two week window which begins 15 August. May not begin on the 15th.
Seems a shame someone had to start a Facebook page for the company to get off its ass and start posting something itself. Then again, with the SEC breathing down its neck, and the BOD arguably illegitimate and subject to being fired, those themselves may have been the motivators.
Yet the New, Improved, Official, Bigger and Better, Graphics-intensive, Calypso Wireless Website remains devoid of any input from the company answering stockholders' questions and concerns.
Has pretty pictures, though.