Calypso Wireless (fka CLYW)

[sirhaggus]

When I was considering serving on the board a few months ago, I shopped around and couldn't find a single company who would offer me D & O insurance with Calypso. I couldn't even find anyone willing to extend my personal professional liability insurance.

I mean think about it. We had the pending litigation with T-mobile, the pending litigation with Drago, the board was in turmoil, we had dozens of creditors who were all quite upset and a hostile situation with shareholders. I mean even if you managed to find someone to insure you, all of those conditions would have to be written in and excluded as preexisting conditions so your insurance would essentially be worthless anyhow.