Calypso Wireless (fka CLYW)

[wiredog]

Sugar,
check this out about the original China Telecom deal. It gives me the creeps...

at question would be where did George Schilling come from?
Does he have an honest past?

It looks like Winifred Fields was labled here a "stock tout"
who did high pressure faxing about stocks...kind of reminds me of Asnap...

I truely hope this is the real deal....But there are so many obvious things they (Calypso) could do to end the rumors...



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+++++++++++++China Global apparently controlled by Mr. Ballow

Also very questionable, according to the SEC, was China Global itself, the so-called "international distributor." The SEC claims China Global was in fact a shell company secretly controlled by the scheme's mastermind, Mr. Ballow, through an offshore entity named the Wright Family Trust.

The SEC says he set up China Global for the sole purpose of the pump-and-dump. China Global apparently had no Asian distribution network, as represented by Aimsi, nor did it have the money to enter such a business.

"China Global and its principal officer ... have no experience in the distribution of products in foreign markets, have no network of sales agents in Asia, and have done nothing to establish one. China Global lacks the financial resources to guarantee any stream of revenue to Aimsi, much less the $225 million represented in Aimsi's press releases," claims the SEC.

The SEC, in conclusion to its claim, seeks appropriate civil penalties against the Aimsi accused.

China Global's boss weighs in

Luis Pallais, the "principal officer" of China Global the SEC refers to (Mr. Pallais is China Global's chief executive officer), refutes some of the SEC's claims.

First and foremost, he denies that China Global was controlled by Mr. Ballow. In an affidavit dated June 4, 2005, Mr. Pallais says most of China Global's shares are owned by himself and a company named Victory Capital, a company not named as a defendant.

"The majority stock holders of CGDC are Luis Pallais and Victory Capital," asserts Mr. Pallais. He also disputes the SEC's accusation that several entities holding China Global shares are controlled by Mr. Ballow and his co-accused.

"To the best of my knowledge none of these entities are owned or controlled by Defendants Aimsi Technologies, Harris Dempsey 'Butch' Ballow, Everett Bassie, Winifred Fields, or Bruce Charles Pollack," states China Global's boss.

He admits he knew some of the defendants before the Aimsi dealings, but in relation to other matters.

"I met Everett Bassie when I became embroiled in dispute regarding a business deal with a company known as Calypso Wireless, Inc. Mr. Bassie was the auditor for Calypso. I helped Calypso Wireless obtain a multi-million dollar purchase agreement in China with a Chinese phone company (China Telecom). Calypso subsequently defrauded me of my rightful compensation," Mr. Pallais claims.

Mr. Pallais says he met Mr. Ballow, who according to the SEC masterminded the Aimsi pump-and-dump, around the same time. "As I recall, Everett Bassie and possibly Harris Ballow then introduced me to the other individual defendants and suggested that I look at the AIMSI Technology (THE ALARM) and see the possibility to enter into a contract with Aimsi for a Distribution in Asia," Mr. Pallais says. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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