Calypso Wireless (fka CLYW)

[sirhaggus]

You seem to forget that this company is owned by the shareholders and managed by its board of directors. The board has not functioned properly for a long time and it wasn't just Dave's fault. The reason that we went to court in the first place was entirely the fault of Cristian and Kyle for holding a shareholder vote that was not properly noticed and what was noticed had errors that were not publicly corrected. Then after the vote, they announced in error that Dave was removed without consulting competent legal counsel to advise them on how many votes was required. Then after being notified by Dave that he was not removed, they still didn't consult competent legal counsel to investigate his concerns. Then immediately thereafter they scheduled a board meeting to elect a guy that had previously been voted down by the other faction.

It is failure at every stop. That is why the judge removed the whole lot of them. I shared all of these concerns on the phone with both Kyle and Cristian and was told to take the matter up in Delaware court. Kyle also told Dave directly to take the matter up in court. What did you think was going to happen when both sides aired all of the dirty laundry? This was headed for receivership the moment all of them stepped in the courtroom.