Calypso Wireless (fka CLYW)

[Cougar6]

Whatever deal management has that they want to push through that you seem to have knowledge of will not maximize value for the shareholder. The only people who will profit will be management and the few insiders who will know the gig is up and sell before the details of the deal are made public. If it really was a solid deal for the company why hasn't Turrini brought it to the board for a vote?

This is one of the more ridiculous statements I have ever heard. It amazed me that it came out of the mouth of our attorney in a public forum before the judgement was final. It is also dead wrong.

The suit was against Diac for violation of the terms of the 2008 agreement. It was seeking to enforce the terms of that agreement, which included clauses that precluded Diac from interference in the company operations. The 2008 agreement settled the earlier judgement. We weren't necessarily asking to have that settlement voided. All we were asking for was an order to keep Diac from interfering and damages for the lost contracts from his existing interference.

But.... If the court voided that agreement it would have also have reopened our ability to challenge that $113M judgement include challenging the amount of the award. We probably could have gotten the judgement reduced to amounts equal to or less than that Diac had already received. I believe that idea terrified certain people. An effort well worth the expense. But that is another matter.