Calypso Wireless (fka CLYW)

[litton51]

"... The Receiver shall have all the authority contemplated by 8 Del. C. 291, including the power to prosecute and defend all claims and suits in the name of the corporation...For the reasons set forth within, a Receiver will be appointed by separate order to take charge of Calypso, dissolve the entity, and wind up its affairs..." for the benefit of its valid creditors and its shareholders.

Doesn't this mean that all company "settlements" since 2004 may be declared invalid by the Receiver? Doesn't this mean that the former BOD's filing on Friday to allow them to keep running the company is against the judge's order for them not to file anything in this matter? Doesn't this mean the former BOD's sudden claim that the recent "settlement" with Daic has not been signed and formalized just catches them in another lie?