Calypso Wireless (fka CLYW)

[gr8member]

Isn't it 25% up to 20 mill? then when that figure is reached, it's "conditional thereafter."


4/3/2008 Settlement agreement Calypso agreed to and performed the following:

> Calypso immediately paid you $500K and 34.5M shares (22M to you and 12.5M to Mr. Williamson) representing an equivalent cash payment of $4,460,000 on 4/16/08 when you reported the shares. A week later this was worth $5,157,500
> Calypso gave you a 25% conditional "ownership" in the patents up to an additional $20M received by you and 5% of conditional "ownership" thereafter.
> Calypso released all claims and challenges against your past actions with prejudice.
> Calypso promised to raise funds to pay you future notes totaling $2.2M.
> Calypso promised to furnish you another 5M in shares.