Calypso Wireless (fka CLYW)

[litton51]

All you insider plants ... the judge says you are SO done.

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8. APPOINTMENT OF RECEIVER.
SALE OR OTHER DISPOSITION OF ASSETS. The Receiver shall seek to maximize the value of the Company and its assets with the objectives or discharging all lawful debts [1] of the company and returning the greatest possible value to its Shareholders. The Receiver shall carry out this task in a timeframe and manner that is appropriate in the Receiver’s business judgment, taking into account the circumstances facing the company …

[1] We’ll have to wait and see if the Daic vapor settlement is ruled by him to be lawful.

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17. PLAN OF DISTRIBUTION. No final plan for the disposition of assets of the Company and distribution to creditors and stockholders may be implemented without the notice to creditors and shareholders and approval of the Court. The Receiver shall submit a plan of distribution and any related recommendations to the Court at such time as he deems appropriate.

18. OBJECTIONS TO THE PROPOSED PLAN. Any objections to the final plan of distribution of assets and recommendations of the Receiver shall be filed within ten (10) days after the Receiver’s submission of the plan and recommendations to the Court…