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If it can be shown that a party lied during deposition, they will probably lose the case. They may also be held in contempt and punished.
Civil trials cannot result in jail time under ordinary circumstances.
Every morning for a while the bid has jumped 20-30% until there is again no announcement of a settlement. Then it drops back down. People are trading based on daily -- and sometimes hourly -- information.
To counter your argument, I expect Daic to make himself the victim of a rapacious CLYW (think the Darth Vader theme from "Star Wars" every time CLYW takes the witness stand). What the jury believes is at this time unknowable, although I remain optimistic.
Whatever happened to Pattin? He was president of CLWY and vigorously sought investors. Anyone know what his status is re. CLYW now, and esp. in the trials forthcoming?
Anyone notice that Daic hasn't settled? You haven't? Guess the pps is a mystery, huh?
Actually, it's a T-1A "Seastar."
I wish. It was the aircraft we did our jet navigation training in while in the Training Command.
I believe Daic, et al, are purposefully dragging-down the stock as we head to trial. Easier for Daic to claim he's a victim if the pps continues to drift lower. Also note that less than one percent of the stock is actually being traded on a daily basis.
One notes that there have been no more insider sells since "Roofageddon."
Such a recusal would, however, push-back the trial date as much as another year.
The Market doesn't care, obviously.
One notes that DE Wine also sold interests in Boston DTox, a company that stole investors money and then started a new company, DTox International, leaving the Boston investors with nothing.
I'm in for the duration.
Be careful. If your post is not based upon verifiable info, you may be getting a visit from the SEC.
You need to keep perspective. Daic is associated with at least 18 companies:
http://www.corporationwiki.com/Texas/Houston/drago-daic-P3049936.aspx
... and CLYW isn't even on the list. CLYW's fortunes are of such small interest to him that he has no reason to settle. Despite this message board's interest, I doubt he is even aware of the upcoming trial. Big interest to us; little or none to him. He has an army of lawyers that run his financial interests. His business connections are opaque; that's the way he seems to like it.
While he holds $1.25M in promisary notes from CLYW;
http://www.techagreements.com/agreement-preview.aspx?num=543609
it is such a petty amount of money to him I doubt he even remembers it.
Grit your tetth; he will probably have the Feb trial rescheduled. His history, per Google, is one of a pirate. He raids companies and screws them if he can.
I believe CLYW will win eventually, but please don't hold your breath for a quick resolution. Sorry to be so blunt.
Didn't Pattin help get us into this mess?
WARNING: CLYW board is being used to spread a virus.
http://navlog.org/clyw_attack.jpg
FYI.
Which one? I've bannished several to The Phantom Zone and don't see them.
When licensing works.
http://www.freerepublic.com/focus/f-chat/2655137/posts
The defense will try to make Daic the victim. Count on it.
Re. rooves:
I had to replace my roof in 2001. I have a 2000 ft/2 house. Cost $9,300. I can easily see how a roof would cost $ 65K on a large house or apartment building. Don't be so ready to call 'wolf.'
Source or pure guessing?
If things are cooking or there is no change, the BOD should not say anything. If things have changed in the court cases for the worse, the BOD may be legally negligent in not telling the owners (i.e. stockholders). If the BOD/Directors sell and then bad news hits, they are probably headed for jail.
Right now, your guess is as good as mine.
You know, all a flame war among us here does is to serve the opposition...
I find it odd that 112,000 shares just sold at .069, yet the ask is .084 and the bid is .076.
Spoke too soon... 8*(
After the Walsh kerfuffle, stock is down just .005. Not much of an impact.
Using Occam's Razor, it would mean he bought shares and then sold them to parties unknown who do not wish to become public.
Seems unlikely on a form from an insider involving large numbers.
I'm confused.
General Transaction Codes
P - Open market or private purchase of non-derivative or derivative security
S - Open market or private sale of non-derivative or derivative security
V - Transaction voluntarily reported earlier than required
Rule 16b-3 Transaction Codes
A - Grant, award or other acquisition pursuant to Rule 16b-3(d)
D - Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
F - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3
I - Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities
M - Exercise or conversion of derivative security exempted pursuant to Rule 16b-3
IOW, it's an acquisition and a sale at the same time.
???????????
How do you both acquire and sell shares at the same time? Sell to whom? Family? Trust?
Look at the date of the option exercise: Oct 2038. This guy is an optimist. Thank goodness.
Date Exercisable Expiration Date Title Amount or Number of Shares
12% Conversion Promissory Note $ 0.1 10/20/2008 10/20/2008 P 200,000 10/20/2038 10/20/2038 CLYW 200,000 $ 0.1 200,000
Read it yourself.
http://www.secform4.com/filings/719729/000147173411000002.htm
"A" means acquisition. "S" means acquired on the open market. It's a buy.
Thank you for your posting.
Excellent research.
Yahoo (psychotic) CLYW board says it's a buy. But what do psychotics know? 8*)
No such purchase on the CLYW insiders board.
Virtually no trading this AM. People are just worn-out.
Look at Obamacare. Two courts of appeals have ruled it constitutional; one has ruled it unconstitutional. As it stands, Obamacare is now unlawful in VA and the other states within that Circuit. RI COA does not rule in TX.