According to CLYW and no parameters were given for the test or verified by independent technicians. Just like every demonstration according to the prevaricating CLYW PR machine has been successful, which is a total fabrication according to their last software technician Sharma. Of course you know it does not work but it is in your interest to say it does!
“Summary of my phone conversation with Sharma on 8/25/06...
First allow me to say, Sharma (or someone reporting to be Sharma) was pleasant and well spoken. He is American born. He seems more than capable of taking on a sales role in addition to his technology duties. Although I think his challenge is one not likely doable...
I asked him some hard questions. His answers seemed forthright and credible. Be advised the following summary of our conversation is paraphrased to the best of my memory.
I asked Sharma what his explanation was for the millions and millions of dollars of announced phone sales deals and licensing agreements that never came to fruition. He said that the phones have never been far enough along to be marketable. I asked then why the press releases announcing millions and millions of dollars in phone deals with never a phone delivered. He said he had no excuse for that and that he knows the misleading press releases have hurt the company’s credibility. I told him that was an understatement, as the announcements were either intentionally misleading or an indication that management doesn’t have clue what it is doing, in my opinion.
He told me that the phones developed by RVTec where substandard and while they worked well enough for a demo, they were built using substandard components, etc. He said there are still significant problems with the ASNAP technology that needs to be resolved. He said that the reason they abandoned the RVTec deal is that RVTec was only capable of creating demo phones and not capable of production line manufacturing. I asked Sharma, then why the Calypso Wireless press release that announced the buy in into RVTec was to expedite just that, the production of phones to fill the millions in pending orders? He had no explanation other than to say that those press releases have put the company below zero with regards to credibility. I told Sharma that, in my opinon, either the Company was intentionally misleading investors or Calypso Wireless management doesn’t know what its doing. Notice the theme here?
Sharma said that just the cost of manufacturing the Calypso Wireless phones was higher than the competition's retail pricing. So, it was necessary for Calypso Wireless to abandon the concept of selling their own phones and focus on licensing the technology. I asked about the licensing deal announced and why hadn’t a single license been sold. He said that was also premature and that the ASNAP technology has problems and what is needed is millions of dollars and thousands of man hours to solve the remaining problems. Calypso Wireless is now seeking either an investment group willing to commit millions of dollars or a technology company willing to commit millions of dollars and thousands of man hours to resolve the ASNAP problems.
In other words, the Calypso Wireless needs millions of dollars and thousand of man hours by a qualified team of engineers, etc to improve the ASNAP technology to a point where it would be commercially marketable.
Sharma said they had one group of investors close to investing in Calypso Wireless, but they read the iHub board and changed their mind after seeing some of the negative comments. I told him that most of the negative post on the Calypso Board were fact as Calypsos Wireless has not had one dollar of revenue through the sale of a product or service since its inception, but has announce millions and millions of dollars in deals with no follow through. I told him if the potential investor group had its own due diligence regarding Calypso Wireless they would have discovered this on their own, so using the iHub Calypso Wireless board as an excuse for a deal falling through was preposterous. Sharma once again conceded that Calypso Wireless has a credibility problem and that he is starting from a minus 10 rather than from zero as would be the case with a “new” company.
Sharma mentioned the marketing of the patent and touched based on the satellite patent. I told him that if they couldn’t get their own technology to work, it would seem to me all they had to sell was a “concept” and in my opinion , not much chance in getting anyone one to pay for that.
At the time I spoke with Sharma, there was no pending deal with an investment group and the Company in Redman Washing (which Sharma admitted was MicroSoft) that was looking at Calypso Wireless is not interested in purchasing them unless Calypso Wireless resolves the technology problems and begins manufacturing and selling phones and or selling licenses, in other words a company with revenues making money. Then and only then would MicroSoft consider buying Calypso Wireless. However Sharma admitted that was a “Catch 22”, as Calypso Wireless needed MicroSoft to infuse the million of dollars and provide a qualified staff to do the thousands of man hours needed to resolve the problems with the ASNAP technology, before they can get to the point where Microsoft would consider purchasing Calypso Wireless.
I commented I saw no reason for Calypso Wireless to have a sales team. Sharma commented about the Sale Manger drawing a nice salary. I told him it doesn’t seem to me that Calypso Wireless has ever had anything for the Sales Manager to sell and to have a Sales Manager on the payroll drawing a nice salary was poor management.
I wished Sharma well and got off the phone with him.
Summary: Sharma seemed to be forthright with me, regarding the past bogus press releases announcing millions and millions of dollars in phone sales and licensing deals. He was upfront about the RVTec deal that had no potential from the beginning of expediting the phone manufacturing process. He was upfront with me that in his opinion the ASNAP technology needs millions of dollars and thousands of man hours to resolve the current problems. And he was upfront with me that at the time I spoke with him, that Calypso Wireless does not have the money or staff to resolve these issues with out help. What he said Calypso Wireless needs is a group of investors willing to infuse millions of dollars or for Calypso Wireless to partner with a technology company with the millions of dollars and the staff needed to put in the thousands of man hours needed to resolve the remaining ASNAP technology problems. At the time of our conversation, Calypso Wireless had neither lined up."
"That was our conversation to the best of my memory. I’ll let each reader draw his or her own conclusions."
AI
