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Re: hokies post# 49776

Tuesday, 11/08/2011 3:37:27 PM

Tuesday, November 08, 2011 3:37:27 PM

Post# of 60937
From the 8K dated 01/19/2010:

"As previously reported in the Company's last 8K on December 24, 2009, the Company has taken steps to halt the actions of Drago Daic et al in their attempts to take the Company's intellectual property. This has resulted in Temporary Restraining Orders (TRO) being issued against Daic, Williamson and their "Receiver", Kelly Stephens. On 1/14/2010, the Eastern District of Texas Federal Court issued a TRO stopping these actions on the '923 patent until 1/27/2010, at which time a hearing will be held to decide if further Court Restraints are warranted. On 1/15/2010, the Superior Court of Harris County, Texas issued a TRO stopping the actions on the remainder of the patents until 1/29/2010, at which time a hearing will be held to decide if further restraints are warranted."

From the 8K of Dec 28th:

"The company has been notified that Mssrs. Drago Diac and Jimmy Williamson have further encumbered our patents and have "assigned" them to a Reciever for the purpose of auctioning them off to the highest bidder. The date that the receiver has set for this "auction" is January 15, 2010 and the authority claimed for this sale is the alleged default of Calypso Wireless Inc of the settlement agreement. The lawyers of Mssrs. Daic and Williamson's have set up a website (calypsopatentsale.com) to advertise this auction."

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