Calypso Wireless (fka CLYW)

[Eli's Gone]

and these 8k's:

http://sec.gov/Archives/edgar/data/719729/000114420411048665/v232945_8k.htm

ITEM 8.01

Other Events.

Calypso Wireless, Inc. ("Calypso") (CLYW) has announced that its Board of Directors and Drago Daic and Jimmy Williamson, PC have approved the settlement of the litigation pending in the 333rd Judicial District Court of Harris County, Texas between Calypso, on the one hand, and Drago Daic and Jimmy Williamson, PC on the other. The settlement is subject to finalization of a formal settlement agreement that will vacate the prior December 8, 2006 judgment in favor of Drago Daic. Under the terms agreed to by the parties, Calypso will have the sole and immediate right to exploit the Company's patents and technical development rights in the United States and Mr. Daic will have the sole right to exploit the Company's patents and technical development rights throughout the rest of the world. In addition, Calypso will pay Mr. Daic 28% of the gross recovery (less specified expenses), if any, received by Calypso from its current pending litigation with T Mobile.

http://sec.gov/Archives/edgar/data/719729/000114420411070471/v243390_8k.htm

ITEM 8.01 Other Events

Calypso Wireless, Inc. ("Calypso") (CLYW) has announced that the Company and Drago Daic and Jimmy Williamson, PC have finalized and executed all documents pertaining to the settlement of the litigation pending in the 333rd Judicial District Court of Harris County, Texas between Calypso, on the one hand, and Drago Daic and Jimmy Williamson, PC on the other. The terms of the settlement have previously been disclosed in the August 19, 2011 8-k and remain unchanged.

certainly doesn't jibe with the motion to reconsider the receiver:

Furthermore, while the Court stated that “the [‘923] Patent is readily salable, and there are at least three natural bidders,” the Court should be aware that Daic has not, to date, taken the step required to vacate the judgment against the Company as required by the settlement agreement entered into by Calypso, Daic, and Jimmy Williamson, P.C. (the “Settlement Agreement”)4 At this time, the Company has obvious concerns whether Daic will be honoring the terms of the Settlement Agreement, or if the ‘923 patent is going to continue to remain clouded. If title on the patent remains clouded, the marketability of the patent becomes much more problematic and decreases its value.

no wonder most is redacted...