Blue Calypso Inc. (fka BCYP)

[goldmansack]

Quick Summary of the CC:

They are not really saying anything at all about the infringement cases. One thing they did mention was that they are not revealing details of the settlements because the companies that have settled have requested them not to. They made it seem like they were happy about the settlements and wished they could give more info. They considered just being able to announce the 3.5% a "win" with respect to how much info they have to hold back.

Their 10Q will be released on or before Nov. 14

They are VERY excited about the core business they are developing with Blue Calypso Labs. They stated they already have revenue recorded that they will disclose in the 10Q and have a quickly growing deal flow that is being generated through their new partners. I'm paraphrasing but one of them said something along the lines of "we are excited about the deal flow our core business is generating, it's at the point where our partners are saying lets try these few projects first before we go on to more of them"

They said their burn rate is roughly $2K a month and the capital they just raised equates to $200K

After restructuring their debt, they now have about $60K in debt which is owed mostly to friends and family