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Re: Eli's Gone post# 52598

Thursday, 12/22/2011 1:12:53 PM

Thursday, December 22, 2011 1:12:53 PM

Post# of 60937
It would be fantastic to see the pps start moving skyward. What you have to realize is Calypso has no money. They need $250,000 to pay for audited financials. They need cash to build prototypes of the various phone platforms with CLYW ASNAP technology inside for testing. Every phone prototype is different and has to be set up on each companies platform. That costs money. The customers are not meeting in Houston or California. Calypso must travel to their location. Lawyers are expensive. And with the holiday period here, we will not see anything significant accomplished during this dead time of the year. One fact is certain we will not be put back on the Pink Sheets until we have enough money to pay for the Audit and comply with any other SEC demands. So be realistic. Unless anybody has big pockets or can figure out how to raise sufficient funds to get this done, this stock will stay right where it is. Anybody have any ideas in raising money. What about a preferred stock offering with a conversion price of $2. That gives some serious thought for those who buy. Or how about closing a royalty contract. Calypso needs money to function, in the area of over $300,000 is my guess. Probably more. So unless you have a solution to the funding, sit back and watch the paint dry.

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