Home > Boards > US OTC > Delisted > Calypso Wireless (fka CLYW)

Both sides valued the patent between 100 million

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
sirhaggus Member Profile
 
Followed By 5
Posts 1,295
Boards Moderated 0
Alias Born 09/11/07
160x600 placeholder
sirhaggus   Thursday, 02/02/12 12:11:48 AM
Re: bigRcat45 post# 54405
Post # of 60935 
Both sides valued the patent between 100 million and over a billion with Dave clearly exagerating by saying it was worth a zillion.

I beleive it was Kyle who mentioned that the company has in the neighborhood of $5,000 in cash.

No other assets were mentioned aside of the patent.

Cristian did mention in his testimony when talking specifically to the judge that an investor is interested in loaning the company several million dollars to move things forward.

I don't recall if there was a mention as to how much debt the company has in total. I do recall there being 120,000 or so as a result of a case that was recently settled, 400k roughly that is owed to Dave Williams, 35k to Kyle's family, and a few hundred thousand owed to various lawyers. There may have been other amounts mentioned but I don't recall specifically.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist