Calypso Wireless (fka CLYW)

[sirhaggus]

It sure will. The way I see it, we have about 7 million in debts. Drago only gets 28% of a settlement with T-mobile, but if they buy the asset outright at an auction, I am not sure how that works.

The company has 200 million shares worth roughly 4 million at 2 cents a share or 8 million if you figure 4 cents a share.

If the patent auctions for 50 million (half of the bottom end of what folks think it is worth), Drago still takes .28% (not factoring in lawyer costs) and all the debts are cleared, that leaves shareholders with roughly 14.5 cents a share.

All speculation of course. It may not be the worst thing that could have happened to us.

Now if it were to sell for anything less than 10 million, we'd probably get shafted and wouldn't see any of it.