#1 Calypso Wireless has swindled many investors so why not swindle even these alleged "investors" that are offering additional working capital? They could be investing for shares of stock that are valued at a very small fraction of the current value which will continue the drain on the stock price as they sell later. Or, it could be yet another statement made by Calypso Wireless that does not come to fruition.
#2 In many people's opinions, the patent is worthless. Even Calypso Wireless has decided to give up on trying to engineer a phone utilizing their own technology! Calypso Wireless has been threatening to sue companies for a couple of years now, but the only company being sued is Calypso Wireless. Calypso Wireless does not have the resources to take on the big companies. They even have said that in their latest SEC filing regarding developing a phone. So, what makes anyone think they are going to be able to take the big companies on in a licensing battle? DUH! In the meantime, there have been many products coming out with seamless roaming capabilities that Calypso Wireless has ignored. Where are the lawsuits?
#3 Sharma could be there for the same reason other players are there...easy money. There have been a lot of people who have come and gone with this company. I suspect Sharma will leave at some point also once he figures out what is really going on. Other people that added credibility to the company have come and gone quite quickly.
BONUS: This is not the first time we have heard rumors of "deals" with companies. The UT Starcom name has been floating around for quite a long time now. So has China Telecom, Franc Telecom, CGE Distributors, America Movil, Ecuador Telecom, Inversiones, T-Mobile, and LOADS of others. Those are just a few at the top of my head. I don't feel like looking up the others...All of this and no revenue. So, please don't be fooled if you really are new. Do your homework.
AI
