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Thank you for the link.
Why is the defendant not named?
>>Why are you retaining attorneys and how could shareholders possibly be affected to the point that they need to join your suit Mr. Sosa? Am I right in assuming that your attorneys wouldn't take your retainer unless your potential case has merit? What a fiasco this is...All of the makings of a good Hollywood script...CUT!
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My... isn't someone touchy/scared. About what, sir...?
>>1. Made my decision on a Law Firm.
2. Retainer Paid.
3. Company events during 2008 and 2009 well documented.
>>Now lets see what takes place at trial. Shareholders are free to join my lawsuits if they occur.
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OK. Now, what's this about? You sued? Whom? For what?
Link to Drago's supplemental responses?
What are the questions? I see none posted here.
The only reasonable explanation is that Drago et al believe they can still somehow steal the company patents. Why simply settle for perhaps $100 million in a successful CLYW stock when you can have $1 billion in stolen property free and clear?
The billions Daic is keeping us from.
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GPS A Side Issue In High-Stakes Broadband Battle
Although the FCC's rulemaking process is nowhere near finished on the LightSquared/GPS issue, LightSquared's multi-billion-dollar business plan appears to be unaffected by the nagging details of regulatory approval and the potential destruction of the GPS system. According to CNET, Sprint, Nextel and LightSquared are about to announce a blockbuster partnership that will allow Sprint to migrate its service to the Long Term Evolution (LTE) broadband service that LightSquared is offering and is apparently the next big thing in wireless. In exchange, LightSquared gets the use of the 40,000 cell towers (remember those 40,000 towers?) that Sprint already owns for a rental fee of about $2 billion a year. What's significant for those who care about GPS in all of this is that the interference that's been clearly demonstrated is a side issue in high-stakes intrigue that may alter the broadband services landscape considerably.
The broadband publications are abuzz with suggestions that hedge fund guru Philip Falcone's venture into the wireless business hasn't gone through normal channels and that the political impetus will make it hard to stop. According to Bloomberg Falcone was bragging about the deal to investors in his Harbinger Capital Partners fund that the deal was done on June 15. That was the date LightSquared was supposed to have submitted a report to the FCC regarding potential interference with GPS but instead asked for an extension. By early July, the report had been submitted and it was clear that interference was an issue but LightSquared answered in news releases that it would alter its plans to minimize GPS interference. Meanwhile, the FCC is taking comments on the LightSquared proposal.
AEA: Defend GPS, Submit Comments Now
The Aircraft Electronics Association (AEA) is urging -- and guiding -- GPS users to actively participate in defending GPS from the potential interference of proposed wireless broadband services. AEA's concern is a reaction to the efforts of a company called LightSquared, which is seeking to construct a nationwide infrastructure to support wireless broadband on radio frequencies adjacent to those used by GPS. Tests have shown that implementation of the system can cause interference with GPS and the FCC is seeking public feedback on those results. Toward that end, AEA has provided guidelines and advice for delivering your message to the FCC prior to the agency's looming deadline.
To access the FCC's electronic Comments Filing System, click here. Find the box that says "Proceeding Number" and type 11-109. You'll then be required to enter identifying information into the form and add your comments. AEA encourages commenters to supply information on how they use GPS and what would happen if GPS became unavailable or unreliable. AEA suggests including comments that state LightSquared's operations and GPS are fundamentally incompatible and the FCC should order LightSquared out of the frequency currently being considered for use. AEA stipulates that wireless capacity is important, but says it should not come at the expense of GPS, "which is critical to our country's economy." While the issue is clearly important to pilots, it may be worth noting that GPS is an important, if not vital, resource for a wide range of users ranging far beyond pilots and the military, to drivers and life-saving activities. The deadline for comments is July 30.
http://www.avweb.com/eletter/archives/avflash/1955-full.html#204980
You want it, you got it. You're back in it!
There's a new facebook page at Fix Calypsowireless. So far, they don't seem to be censoring anyone.
When <I>your attorney requests another postponement, it strongly suggests a settlement of some kind is in the works. Just my opinion.
Hey, you two! Don't make me stop this car!!
*sigh* It was an analogy.
Dear Sir/Ms.:
I'm confused. You list a littany of CLYW/Turrini failures to generate any final deals that would have brought the company millions. When you are the captain, everything that goes right or wrong with your command is on you. So far this year, the US Navy has relieved of command "for cause" 14 senior officers in highly publicized episodes in which there was "a loss of confidence to command." That Mr. Turrini remains in command is puzzling and "not in keeping with the highest standatds of the Service."
OK already. May I ask how you intend to make this so (in 150 words or less)?
Perhaps the moderators would announce whether any of them are company officers or employees.
It seems no one is censoring any input to Fix Calypsowireless on Facebook.
Considering what we have just learned about the law, it would make it imperative for CLYW to win the trial case. No one is going to ask for a receiver if we win. If CLYW loses or forfeits, look for many, many years of prosecutions follow for the "officers" and "directors." This may not have been the case several months ago, but stockholder and government attention has now been focused upon CLYW.
Short Version: (1) any stockholder(s) may ask the court to bounce any unelected director or officer and have them replaced by a receiver, and (2) such unelected officer or director may be liable personally for any actions taken in the name of the company.
That about it? No wonder "public discussion" has quieted.
Thanks to all who have sent private posts. However, as I have the Cheapskate IHUB Membership which does not allow replies to private messages, anyone who wants to can contact me privately at my cheap email address, litton51@hotmail.com. Thanks.
As someone here has already pointed-out, because the Board is unelected (and arguably illegitimate), the actions of board members are theirs personally and thus subject to legal remedy. If you are correct and Turrini is looting the company, then his vast imminent wealth will guarantee he is sued into oblivion. I have a hard time believing anyone would willingly put themselves in such a position, although like the rest of us, I have no way to reconcile the conflicting reports from Turrini and another board member. I am half surprised that no one has filed with the Delaware court to have a receiver appointed to toss the BOD off the fantail and then figure out what the heck is going on. CLYW is not for the weak-hearted. If Board Member C is correct in stating that Turrini has spent the past three years ruining deals that would have brought in millions, what happens in court now is primarily important.
Go for it!
Come on. Get serious. I run several websites regarding aviation and the military.
1. Pick a domain name and check its availability: ten minutes.
2. Get site on any one of a hundred ISPs: $12; $19 for the deluxe version.
3. Do it. Maybe three hours for initial front page.
3a. Add content.
4. Done.
5. Maintain.
Please don't insist upon how "hard" this would be for CLYW. My oldest grandson could do this in less than two hours.
>>update it if possible or move forward with a new design if not.
I don't want to be too harsh, but if you don't know if you can update the site and are concentrating upon a new design... why bother? That's what we comm people call "content free copy."
Uh... no. If we are to believe that the facebook page when it says it has the interviews, backed-up by the emails involved, well, make your own decision regarding its legitimacy. It's more than this forum has done in the past three years. Definitely not "kid stuff."
You seem very concerned about the impact the Facebook site is having.
As for having an official CLYW website with real input and answering stockholders' questions -- go for it. You'd have better luck than anyone else in the past three years. I have to say
that we've seen more inside the company in the past month than we've seen in years.
Thanks for clearing-up the 8K stuff, although the 3.5 cent sale was today, not June 10.
The Facebook "crap" is directly from named directors. Want to point to anything else in the past three years that has been so?
The fact that the company has actively avoided managing a company website since 2008 says rather loudly that the company (unnamed directors) doesn't want one. Anyone can create a website with $12 and a domain name.
I'm for more information, not less.
There is earlier note of "today's 8K." There is no such mention anywhere on the web. Thus, how could that poster know unless he is on the BOD?
The "mishmash of information" latest is far more than we've heard in the past three years.
So, what is this about a new 8K today? It's not posted anywhere.
Kinda harsh. We have heard directly from both sides of the BOD battle. Message board members should be able to make their own decisions.
"Bogosity"?
What 8K?
Think of it as an opportunity to triple the share price by buying 4000 shares at eight cents ($320!)
OK. Now I remember. The judge threw-put Markle's expert witness list because of late filing. If the same judge accepts Daic's late filed list, he will demonstrate favoratism towards Daic before the trial even begins.
What issue is to be decided on July 8?
Seems pretty straight forward. In the past, no one was paying attention to what the BOD was doing, nor what happened in past trials. Now, there are literally thousands of stockholders and lawyers watching every move and twitch by those involved. There will be no hiding from retribution or praise after the state case is over.
Updated Turrini interview posted on Facebook.
http://www.facebook.com/note.php?created&¬e_id=110564405704488#!/notes/fix-calypsowireless/mr-turrinis-updated-interview/110564405704488
That is probably most fair. It's been taken down on Fix Calypsowireless pending Mr. Turrini's written response to the questions asked.
Per Fix Calypsowireless, Mr. Turrini's interview has been taken down until he can correct what he considers mis-quotes.
Mr. Turrini says he was misquoted. Corrections to come.
I have absolutely no idea what you are talking about.
Good point.