Calypso Wireless (fka CLYW)

[Cougar6]

I usually would not respond but I believe you are wrong, I do not believe the settlement was anything more than inept negotiating skills and the fear on the part of the CEO to take the stand. Too many skeletons in the closet (like why he was fired the first time and who knows what else Diac had been privy to). Testimony on the record in open court could certainly hurt his standing with the shareholders (and anyone else he may have to deal with). Since he was pretty much our only witness the case largely hinged on his credibility. Hard to say how a Texas jury would assesed his trustworthiness.

The deal is what it is ... if we can get it signed. If we can, we still have a substantial asset that is currently making us money (as long as we are willing to go to court and get paid for it). If we can't, then it is back to square negative one.