Calypso Wireless (fka CLYW)

[litton51]

They didn't care about their shares' potential value because they were trying to destroy the company and take ownership of the patents for themselves. What's 10M shares at $2.50/share when you can steal $500M? Pure greed. And the likelihood of Daic getting zero for his "settlement" just makes this turn of events even sweeter. If I've read the judge's order correctly, he has ruled that the unelected "officers" never had any authority to do any company business in the first place, and the Receiver can cancel ANY contract the BOD made with other parties, esp. where it seems almost certain a fraud occurred. In the case of the double secret probation vapor "settlement," it probably isn't worth the air it's printed on.