I agree. The judge's order appointing the receiver seems to allow the receiver to take any and all actions he deems fit to maximize the money going to the owners (us) as he rolls-up the company. I do not see any restraints upon what past actions he can void as it is the judge's stated opinion that CLYW and its Board of Crooks have been criminal enterprises since at least 2002. As someone has already pointed out, CLYW practiced willful fraud in the Texas courts, eps. the reprehensible $117M default judgment against CLYW as the result of Turrin i not bothering to appear in court to defend CLYW. I talked with Turrini on the phone about this (and kept good notes), and his explanation was that "the BOD prohibited him from appearing on court to defend CLYW." If he is telling the truth, we have amajor fraud perpetrated upon shareholders and the Texas courts. If he is not telling the truth, he perjured himself and resulted in CLYW perpetrating fraud in the Texas courts. Either way, it is not surprising that he has vanished. Maybe he's back in South America in a country from which he cannot be extradited.
While I have in the past been unfortunate enough to have bought stock in other fraudulent companies, I have had no other experience as an owner of a company to which a receiver has been appointed to make things right. I won't discount Daic's possible continuing efforts to screw us for his own benefit. His entire history is, IMO, that of a pirate. His actions, and those of his wife, being on and off the BOD and into and out of CLYW officer jobs while being given tens of millions of shares and dollars by the Board of Crooks really screams for the FTC and the TX and DE courts to take a close look. I would like to believe that our current situation neuters him from causing us even more damage. I'll leave that assessment to others with better knowledge of the courts.
