Calypso Wireless (fka CLYW)

[sirhaggus]

Cristian did mentioned that the company was considering a number of options for a contingency lawyer in the t-mobile case. There was also mention of authorizing an additional 200 million shares as a source of raising funds. Completing the financials, resolving the SEC compliance issues and resolving the tax filing issues were also mentioned by Kyle.

Pretty much all of these things were suggested at the Shareholder Forum or presented after the shareholder meeting in December during the Q and A time.

Dave also mentioned during his testimony that there were other options included becoming a non-reporting company and other ways around the SEC reporting requirement for a shareholders meeting that he proposed to both the company and the company's legal counsel on multiple occasions in the past and he provided email evidence supporting his claim. The judge congratulated Dave for his knowledge of the SEC reporting exception that would allow us to have a shareholder meeting to elect directors without being in compliance with SEC reporting requirements. The judge said only 4 or 5 people outside of the state of Delaware were aware of this exception.