Calypso Wireless (fka CLYW)

[conagra]

I THINK WE HAVE SETTLED.

THERE WAS A FILING MADE BY DAIC'S LAWYERS THIS WEEK THAT SAYS WE ARE IN MEDIATION TO RESOLVE AND CLOSE THE DAIC CASE:

Letter dated Oct 4 from Daic's attorneys document #32756804:

"In light of the upcoming mediation in this matter,....."

You can read it on eDocs.

Now in addition, the docket for Monday's hearing has been changed today to read:

10/15/2007 LAW DAY DOCKET ENTRY OF TEMPORARY ORDERS PASSED

They have added the word "PASSED". I called the court and spoke to the clerk (Veronica) who told me "PASSED" means the party requesting the hearing has cancelled or "passed" on the hearing. In this case, she said Mr. Cohn called to cancel it. Here is what the court scheduler told me via email:

"that means whoever set the hearing has passed the hearing because either they've reached an agreement of some sort or the hearing will be set at another time."

The clerk told me Mr. Cohn has not rescheduled the hearing.

The Acacia hearing was obviously very imoportant to Calypso. The only reason they would canceled it would be that they have settled.


Goodbye Daic. Hello Acacia, NSN and much much more. Been a long tunnel but the light is bright. Get some shares before it's announced in a S-8.