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I don't think Daic "fears" a deal with TM. I think just the opposite. I think he's hoping like hell they do a deal. That only makes the pie bigger, which means maybe in his mind at least CLYW would have more room to leave him with something in the end. That may sound stupid, but he IS stupid. You can't use normal logic with this guy. He's greedy. A bigger pie means more chance for him to suck something out of it. To that end, he'll stall any trial date as long as he possibly can. It's value of information - the longer he stalls, the more concrete information he gets.
And again, I don't know why TM would want to settle now. Didn't someone on here say that they originally wanted much longer than just a 3 month stay? If they did, then that leads me to believe again that they want to indeed string this thing out longer.
I don't think TM is afraid of CLYW. CLYW has no money and is in court on the patent ownership. I think maybe TM is just stringing CLYW along. Sure I could be wrong on that, but again, TM would be going against their best interest IMO.
Not pessimistic, more like realist. It's true, both TM and Daic have every interest to drag out the cases as long as they can. So TM agrees to stay the case under the disguise of negotiations, thereby adding at least another 3 months so they can watch the Daic case. You think they woke up one day and just decided to throw in the towel? And Daic has every interest to wait on the TM case, at least until the stay is over, to see if they settle. I'm just pointing out the obvious. You can choose to believe that's not what is going on, but then that would mean TM and Daic were acting against their best interest and I just don't see why they would.
I don't see any progress being made in the state case or in the TMobile case right now and in fact, I could see where they both stall, each waiting on the other. It could go on for another 6 months or more.
In the state case, we are supposed to be in mediation, but it seems the company is instead trying to disqualify Williamson from being Daic's lawyer. Why are we wasting time doing that? Who cares if Williamson is Daic's lawyer? Does that really affect the case? All that's going to happen is that we are going to give Daic another reason to ask for more time and get it. Court dates can be moved back, happens all the time. You know Daic is going to stall all he can because he wants to see if we negotiate a deal with TM.
And there's no doubt TM wants to see the Daic case wrapped up first so they know who exactly they are dealing with, so it's in their best interest to stall as well. They will probably use every bit of the 3 month stay and resist coming to terms, so that case could easily drag out as well.
So while TM and Daic stall, the company starves. We know the company doesn't have any money. Can it survive that much longer on fumes?
We haven't even started mediation with Daic? The deadline to finish is I think in only 2 weeks. Now I'm thinking that may have to be extended. No more delays! The stock is going to run out of steam at some point. And the company will run out of money for lawyers, if they have not already.
It does infringe on the 923 patent. That's the whole point and T-Mobile knows it. T-Mobile spends 50-100 million a year on just advertising on this service. Can you imagine what they're going to have to pay Calypso?
Not for me. Buying on every dip. Well over a million now
Ok, got some more in 11's. Not sure who's bailing but thanks.
Got some more in low 12's.
In for more at 12.5c thanks again
And as before, I'm not selling even one share before 50c
I want to personally thank whoever sold me those 500k shares down at 7-8c, but I'm sure they have left the board.
Thanks for the 7c shares. Dummies.
You are fogetting about the mediation. It might not even go to trial. They could be rid of Daic any day. Although I'd hold his feet to the fire and kick him out with nothing.
When the 2009 agreement was voided, Daic was done. He was caught red handed and he knew at that point his goose was cooked. That alone will get him booted off his shares and out of the company but he's done so much more than that. You cannot hold a company hostage and interfere with its attempts to grow the value for the shareholders for sake of yourself. Or you can, until someone steps up and calls you on it, which the BOD has done and which the courts will finish. It's sad there are scums like Daic out there who can't make an honest living but he will get swept out of the house with all the other cockroaches soon enough.
Thanks whoever sold for the shares. Again, you might want to up your bids before next week.
Taking it down on low volume. Adding shares here at 9.5c
They won't lose the case against Daic. Believe me, he's crossed over the line between a shareholder and interfering with the company about a thousand times and the BOD has the evidence to back it up. If I were him, I'd be on the phone with the BOD pleading to settle and let me keep some piece of the shares he basically stole from the company. But then, he's probably too stupid to do that.
I would suggest you up your bid to current levels and buy now.
Relax everybody. Turn off the quote box and come back in a month at $1.
We might actually get news before then. In order to agree to a say, you would think our BOD would have had some preliminary talks with T-Mobile to gage their seriousness. If, like you say, we're going to do a license, those are a very simple instrument to write up and they have very little actual terms to agree on. You just need the price, the term and the field(s) of use mostly. Both sides woud have cook-book templates for that. I would think that it wouldn't take more than a couple of meetings to agree on terms and that coould go pretty fast. Maybe as early as next week even.
Only 1 million shares so far today after almost 9 million yesterday. I think we've settled into the new reality now that this is a real company on the verge of a real big deal. No more hype, no more flat tires via Daic. The company is now being run cleanly and by some smart people. I see a steady march to around the 25c area over the next few weeks as people start to anticipate the T-Mobile settlement and then the dumping of Daic.
Almost 9 million shares traded. You have to believe some pretty big longs, whether long term or day traders from last week, exited today and the market absorbed them well imo. I think that's the difference this time around. This is not a pump and dump. This is real, verifiable news. A new base will form that reflects that. I think we established that base today at around the 10c level and I think we could easily run up to 20c level without any additional news as more new investors come on board.
Correct HighRider. Daic et al have no seat at the table with T-Mobile and thank god for that. He'd only screw it up as he screwed it up the first time the company tried to deal with T-Mobile out of court when he effectively blocked the company from meeting with T-Mobile. No, the company through the BOD will negotiate a license with T-Mobile without Daic's interference thank you very much. And in parallel, the company will rid themselves of this parasite once and forever through the state court proceedings. In about 1-2 months, this will be a clean company with a T-Mobile license, or maybe even a broader relationship on the books and more to come. Been a long time coming from what I've heard so congratulations to the longs who held in there.
A few things:
One, I always put a GTC sell order in way above the market so that my shares cannot be borrowed by shorts. Everyone should do that, or use a cash account.
Two, those looking for a quick PR won't get it. It's going to be at least a month imo before anything gets done with T-Mobile. Again, my advice is to turn off the ticker and come back in a month.
Three, I'm very confident there wil be a settlement. Turrini had already approached T-Mobile with that in mind before, it was only Daic who screwed it up. Daic cannot interfere this time. It's obvious T-Mobile would like to put this behind them or they wouldn't have agreed to a stay and it's obvious they are serious or we wouldn't have agreed to a stay.
Four, any settlement at all will open the flood gates to capture the other big boys. AT&T, Verizon, etc. This is only the beginning. And it's only the 923 patent. We have the satellite patent as well.
Loaded up more at 10c. Let it drop. I'll be buying more.
My guess is Daic and his cronies are selling every share they can. Either that or when it started down long term holders who finally got in the money started bailing. Fine with me. I'm loading more.
Guess what? We don't give a crap. Go away now.
Looks like another 6 million share day. Strong volume. Guessing some people are bailing for the week. Hopefully she'll hang on next week and go higher.
Could be, if so, I stand corrected. But Pattin only did the real damage when he teamed up with Kathy to screw the company.
I will agree with you on point point - the reason Daic get control of the company was that he put Pattin on the BOD, then put his own wife on the BOD (neither of which were voted on of course) and Turrini was the only one standing against the other two as the 3rd BOD member. Many times they over ruled him. Pattin was the key though. You knew Kathy was going to do whatever Daic wanted, but you hoped Pattin wasn't bought and paid for but..
Wrong again. Turrini was aon the Board.
Pattin was NEVER the sole BOD member. They by laws don't even allow that. Believe me, what he did he did against the BOD directions.
How do you short a 3c stock? I didn't think shorting was allowed under a certain price, and especially on pink sheets.
Like to think that but the day traders will exit for the weekend and probably keep a lid on it. I was actually surprised it gapped open that high. It does seem though to have good support, already 3 million shares. Probably have another 6 million day.
Pattin's only conflict of interest was that he was in Daic's pocket. Pattin signed that 2009 agreement against the BOD's specific vote against it. He outright disobeyed the BOD and signed a horrible deal for the company.
1. Daic will never be reasonable. Nor will Williamson, his seedy lawyer partner. They will have to be clubbed into submission. Plus, they are too stupid to know when they should cut bait.
2. Pattin was stupid and worse in Daic's pocket. Firing him was the best thing the BOD ever did outside of getting T-Mobile to the table. He was a cancer on the company.
Hopefully those 30 million or so shares Daic has are still restricted. They should be. The company would have to agree to remove the restriction on the certificates and there's no way we'd do that given we're going to be taking those shares back.
Wow. You could write a whole book on that. In very short, Daic, thru various scams, backed into shares in the company and in fact a very large share. Having said that, those shares are about to be taken away by the state courts after the BOD presents the evidence of Daic's scams and interference in the company's affairs. So he won't be around after the 1st of the new year. He'll be lucky in fact not to end up in jail, although that's where he belongs from everything I've heard.
Going to gap open again tomorrow.