Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Federal Courts of Appeal are limited in their decisions to their Districts. That's why differing opinions by different courts have to go to the Supreme Court for final disposition if the effect is to be nation wide. Perhaps a lawyer can confirm this.
"the U.S. District Court for the District of Rhode Island"
The RI District Court has no power over Texas.
Ditto. That's what got me a lot of shares (think high six digits) at an average PPS of .04.
Buh-bye.
mongolian ---> The Phantom Zone
Which appeals court made this ruling? It matters.
Another week, another small rally turns to dust...
http://ih.advfn.com/p.php?pid=trades&symbol=CLYW
Some CLYW stockholders are coming to feel like battered spouses. "Why don't you leave?" "Because I think this time he'll change..."
Call the Battered Stockholders' Hotline at 800-MY-PAIN!
Everyone who's now on blood pressure meds, raise your hands!
Where are you seeing an Ask of .22?
It occurs to me that if a settlement is in the works, not announcing anything would be a way for people to still get in cheap.
Me, too. Plus continuing to add shares. Best bet I've seen for potential great reward at very small price. If you are in for the short-term, you lose. Looks very much like Boston Technology, which paid-off at 3000% of long-term share price.
"When in danger or in doubt,
"Run in circles; scream and shout!"
Happy New Year from Lewis Carroll and me!
http://en.wikipedia.org/wiki/Lewis_Carroll
Peace.
What the heck. To make it even, another 15,000 shares.
Just bid on another 35,000 shares myself.
Sorry. No F.L. in the picture. And yes, Vietnam.
The good looking one!
Well, there you go. After a career in the Navy I came to expect rapid, precise information. I keep forgetting I'm now retired.
OTOH, no news after the expiration of a court date/stay is at least amateurish.
Once again, we have a failure of management. CLYW has a moral obligation -- perhaps a legal one -- to keep stock holders up to date about ongoing litigation, esp. at start/stop dates. Their silence is baffling and just makes investors anxious. A one page email to stock holders would cost nothing. What is going on with the board?
In this scenario, the stockholders would be set-up for a class action suit against both the BOD and the company getting the patent. The BOD knows this.
Wouldn't that be a hostile takeover? i.e. the stockholders get bupkis for their shares but the officers get a rich settlement?
Clearly, the market is expecting good news about CLYW. For the past several openings, the pps has jumped up and then dropped back down when no announcement has been made. I'm optimistic.
UBSS?
It would be better to release ANY news. I have this picture of a CLYW BOD meeting. Everyone sitting around the table is a mime...
Light volume indicates the waiting game continues...
Sorry, no. It would require one BOD member or spokesman to occasionally issue a one page email to listed stock holders.
Who can't afford that? I get this from several IPOs.
T-mobile continues to issue reports regularly to its stock holders about its business, including line items regarding any current or future legal action and possible engagements with other companies. No, they would not issue bulletins about ongoing litigation, but it would show up in (required) quarterly reports. I have been a CLYW share holder for eight years and have never received any such from them. Just plain amateurish.
The BOD is just plain unprofessional. They run CLYW as if it were their private club. I have IPOs -- stock that has not yet gone public -- that issue timely reports to stock holders no matter what is going on. CLYW is an issued, public stock. Stock is more properly called "owners' equity." I am unfamiliar with any other issued stock whose management is not under indictment that treats its owners so poorly. CLYW stock runs helter-skelter like a frightened sheep in a pen. I am dumbfounded that the BOD lets this happen. Aside from potential rewards for owning a stock, the other side of good management is timely information. The CLYW BOD has, in my estimation, treated both stock holders and enemies in the same fashion. I have been in CLYW going on eight years and will probably continue to keep my large holding. Not in a gesture of thanks to the demonstrably doofus management team, but because my pps is so low and and I am an optimist.
The BOD's total black out of news to share holders is unprofessional and certainly part of the reason the stock has weekly seizures.
The public record strongly suggests that Daic is a professional sleaze (no, I am not a lawyer). His history is one of buying into or getting on the BOD of companies and then gutting them. He has a spider's web of dozens of confusing, interlocking companies. Check it out on Google:
http://www.corporationwiki.com/graphs/roamer.aspx?id=22940274
His history suggests he does what gets him the most money, settle or go to trial. He is a professional plaintiff and sometimes defendant. If TM and others are not willing to settle before Drago is gone, then the wait continues. For Daic, CLYW is one tiny piece of his "investments." I doubt if he updates himself more than every 60 days. I have no knowledge of the current CLYW board nor their histories. In "It's a Wonderfuil Life," Daic would be Mr. Potter. It all comes down to money and persistence: does CLYW have what it takes to go the distance? That the court granted stays in both the state and federal courts indicates that at least two judges were convinced Drago and TM and CLYW wanted to settle. If that does not happen by the end of the month, the judge will be pissed at one or more parties but he cannot let that sway his management of the case.
A settlement may happen tomorrow. Or we may all roll into 2011 and one or two trials.
When I was in the Navy, at all overseas officers clubs was a room with slot machines. They were set to return most of the money put into them, something like 90% overall. If you hit a machine that had not paid off recently you could easily double or triple your money. I have also been to Reno. There, if I remember correctly, the slots were set to pay out 9%. If you got a machine that had recently paid out, you were pretty much out of luck. CLYW falls somewhere between. I know it's aggravating being an investor yet privy to zero information that is not already public. Not even a stockholders' meeting. It is what it is: a gamble on an investment. That the pps has remained 400-500% above the pre-announcement level is a good sign. People believe the possible benefit still outweighs the risk. If you are timid it might be the time to get out. But consider: stock turnover has been very low for the past three months; something like very small 2-3% of total shares outstanding. CLYW is a long-time investment for most. YMMV.
Stock manipulation continues. Several 200/300 buys/signals today, and MMs then bought tens of thousands of shares at momentarily depressed prices. In the longer run this shows optimism.
Seconded.
10:52 AM EST. 200 shares bought. Price drops .084 to .08. "200 = I need shares badly but don't take price down."
Today's early price behavior suggests good news was expected at the beginning of trading. Then dropped on no news.
For some of us longs, pps would have to drop below 2-4 cents a share for us to loose money.
But6 they are clearly leaving buy/sell/depress the price messages to each other...
Many possibilities. Current need for fast Christmas cash. Over-analysis of the stock (the affliction of many). Can't stand the market manipulators' daily actions. Your Owejia Board tells you to. Lack of nerve as Dec 23 approaches. Pick one.
Calm down. Haven't sold a share since 2003.
Once again, the manipulators (trades of 100-500 shares) have the share price running like a frightened sheep. A problem with so few shares (3%?) being traded (most shares have not been touched in the past several months). Investing takes backbone.