From: <snip>
Sent: Friday, July 18, 2014 11:02 AM
To: <snip>
Subject: FW: CLYW
I talked with lawyer Gentile, the receiver. The short version is that Calypso is done. There is no money and the patent is unenforceable because we lost in court. The only avenue left,,as I understand it, is a final appeal to the US Supreme Court. He says there isn’t even money to pay for his work so far as receiver. So any hope we may have had about recovering something from the 135 million shares out there is apparently pretty much gone. As you know, the board has disappeared, what with Turrini suddenly moving to Paraguay "for a better career opportunity" and the rest sort of evaporating.
Sorry I couldn’t share better news and unfortunate that Gentile has not been, in my opinion, proactive in communicating with the owners (us). He says you can check PACER for latest filings although there aren’t any recently. The three-year meme has no basis in fact, but rather, is a typical time to roll-up a company under our circumstances.
