Calypso Wireless (fka CLYW)

[Eli's Gone]

There are two levels of receivership---the 2nd having to do with an insolvent company that is winding up...our case is more like a "manager" in a deadlocked situation--a custodian if you will...but how will he/she run a company that is broke, has debt, and with no equity to tap---can Chap 11 be far behind?...in that case, there is no one any lower on the totem pole than us commoners--and in most reorganizations(if it gets that far) commons are cancelled in favor of debt/creditors...