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I'm looking for at least eleven other stock owners to co-sign a letter to the SEC with our grievances about "management." This to be done after the state trial is over.
p.s. For background, see "Boston Dtox." Those crooks were allowed to get away with it.
It's clear CLYW does not have management. It has now been revealed that "management" is a pack of crooks who have stolen the company, "Dave" included (if not affirmatively then passively). We MUST get rid of these bums. Can we approach the SEC with the complaint that none of the officers have been elected? I am interested to learn how the SEC let slip these crooks into office with faked paperwork; i.e. there was never an election nor were the articles of incorporation ever honored. Time to nut up or shut up, we owners.
*yawn*
Get a new gig.
Let me make the argument that since the BOD has remained criminally silent about the trading suspension, they all must go.
One hungry lawyer working on contingency could maul our "board of directors" and make a tidy sum. Since the BOD is unlawfully constituted, why are we bothering with these clowns? How much does it cost to file a claim against them for control and damages?
Let us not forget the involvement of DE Wine, Richard Pattin, and others.
As there has never been an election of directors or officers by the shareholders, the company "management" is a fraud. How does that factor in?
Latest rumor is that Calypso Wireless will begin trading on the Greys on June 21. We'll see.
Plus, if CLYW is forced to go private, it becomes MUCH easier to sue and punishment bad management.
Short version: if CLYW goes private because of SEC action, then we are all direct owners of a patent worth tens of billions of dollars. I can live with that.
Clarity, please. Will the stock resume "probationary" trading on June 20th or not? No one here seems to have a clue. "Yes." "No." "Only on grey sheets." "The Klingon Empire has taken-over company headquarters." Bad info is worse than no info. (Note: I have banished Daic's paid bashers to my Phantom Zone and thus am not bothered by their disinformation).
July 20? What happened to August 22?
It's been my experience that when a shareholder contacts the SEC and reveals evidence of a company's problems, the SEC doesn't give a crap. They are interested in headlines they can make, nothing else. They are basicly a branch of the DNC. Sorry.
Uhuh. So what're you gonna do about it?
p.s. There will be some cosmetic changes among the BOD/officers.
Let me prognosticate. Trading will resume soon. Price will open at its all-time favorite, .02. Over following weeks, PPS will then drift slowly back up to .04 and hold until further news. I base this upon past events/performance.
A name we will surely hear at both trials.
Agreed. The over-the-top bashers here are clearly working for Daic, else why would they put in the time and effort to post here? The vehemence of their posts is directly proportional to Daic's appraisal of his chance on losing the state case. We are looking good.
Prayers for your wife and you.
How can shareholders be forced to report the shares they own? The people on this message board own perhaps 5% of the total shares. Unless we can meet and have at least half the shares represented, we can accomplish nothing. And face it, we let this happen to ourselves. On the up side, the people with millions and millions of shares seem unlikely to just forget CLYW and move on.
As the suspicion grows that most of the 200 million shares are owned by BOD members, their families, their friends, officers, and
people who are ineligible to own them because of past crimes or misdeeds, and that most of the shares were transferred unlawfully, getting an accounting is likely to be difficult. Until we untangle this mess the stock will not resume trading.
Big words. How do we fix it (and please, no fantasies of stockholders spending half a million dollars and seven years in court to win).
A strange aside... There are 200+ million shares out there. Where are the screams from those shareholders? Could it be that the BOD and Daic own all these shares and never reported that ownership? The lack of response from the shareholder base makes no sense. And if this is true, then how did the BOD acquire these hundreds of millions of shares? There are no filings to that effect.
MM? No. The provisions have to be met by the BOD or their agent.
Note: 'No trading may resume until all back records have been filed, approved, and passed audit.' Perhaps by fall?
Short version: we have allowed unelected, unknown company management to do whatever they wanted in exchange for unlikely but potentially massive returns sometime in the near future.
It's more than wrong. It's actionable. Sorry, but I've been warning of this for a year.
Latest from my broker: will not again trade until all paperwork done and audited. June 20?
The listing is still there but the pps is "N/A." Isn't that presumptuous/wrong?
Scottrade just removed my CLYW shares from my portfolio. 8@(
I was unable to find ANY CLYW financial info, just a summary of the SEC order.
My understanding is that all publicly traded companies have to comply with SEC regs. This includes CLYW. Today's ruling proves it. Everyone take a breath. The stock won't be trading again until well after the August trial, which will be real, live news.
A creation of three years' delinquent financials and an audit and then acceptance by the SEC is going to take a long while. The stock is still worth what it closed at yesterday until trading resumes -- after the Daic trial.
Sorry; no. With little effort CLYW could have made the required filings. The lack of info gives the impression that CLYW is a scam, although we here know that's not the case.
The "grey" link you provided yeilds no financial info on CLYW.
For that matter ... 200 million + shares, with most in huge lumps among investors. Not a happy crowd, I'm sure.
Dead silence from the moderators here suggests either complete surprise or guilt. Where are you, guys?
= no financial information. Just the SEC notice of suspended trading.
??
The BOD did this to CLYW. I'm surprised the SEC let CLYW get three years behind in its required reporting before slamming the door on the BOD's ****. A first year MBA student could have done the paperwork each year in two days. While it may not be the case, the APPEARANCE is of trying to hide unfavorable financial information.
What is the link to the Greys?