I doubt Calypso would be stalling so that Walsh can buy back in. The current BOD has done everything in its power to conduct itself above reproach. They are trying to illustrate both with their words and their actions that this is a new company that has substance and some assemblence of integrity. Walsh still holds a sizeable amount of shares and would benefit greatly from a settlement. I do beleive that if Walsh gets an insurance payout from the damage on his rental property that he will re-purchase shares at the current market level.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.