I agree with you, tainaor. I was positive on Calypso until I started smelling something fishy back a few months ago. I see Calypso Wireless as a snail moving along a rabbit's path. The rabbits might see it along the path, but just for a moment as they race by. Calypso is WAY behind in this game, and they aren't even fully funded...another misrepresentation on the part of Calypso Wireless (refer to older posts on Raging Bull.com).
It's a very risky play. I have tried to point out to the board members here that there are multiple companies with comparable technology and devices, but they always try to explain it away...but that's typical of people who believe in a stock. I know people who have lost hundreds of thousands of dollars hanging on to a stock because they fall in love with it...ignoring the signs of reality. I'm not here to bash Calypso, and I still think they can possibly get a deal with some company, but I turned negative after so many misrepresentations by the company. I have seen many positive news releases, but no positive real action by the company. The question is how long will people hang on?
The company is still talking about working on prototypes when they supposedly made a $500 million deal in February, 2003. I wouldn't think ANY company would sign anything that obliges it to purchase something that isn't even near being developed yet. I just don't buy that anymore. I will believe a deal when I see revenues coming in. I believe Calypso is fast moving out of the game. They just don't have the management skills nor the money to get where they are trying to go. They are moving too slowly. IMO It was a good idea, though.
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