Calypso Wireless (fka CLYW)

[downsideup]

That's not right, either...

The language of the 8-K announces that the board voted on allowing a negotiation to proceed... the result of which negotiation is not known.

And, it appears that authorizing a negotiation to occur was the last act the board took... as there hasn't been any attempt to hold another board meeting since... ?

Two of the four directors deny having any knowledge of any agreement that might have resulted from any negotiation.

I don't get from there to anything... other than what we can see:

1. There was never any actual agreement presented to the board to vote on, only an vote on an authorization to try to create one.

2. We don't know if any agreement has been created or not... but, we see repeated failures in the management producing one, after claiming one exists, with subsequent statements proving prior statements were untrue.

3. The board has not met for a long time... so, while the board doesn't know IF there is an agreement or not... they've not authorized ANYTHING that has been done since authorizing the negotiation to proceed ?