Replies to post #1994 on Calypso Wireless (fka CLYW)

[nlightn]

i'm not sure of the time after the filing is not received that a notice is sent. probably the sec site has that info if you really want it.

[doe]

The SEC has a full workload and is concentrating on worst offenders and scams. I read a news article that the SEC has halted trading in over 25 non-reporting pink sheet stocks, but these were shell corporations who hadn't reported in years, and were also deemed guilty of investor scams/fraud. Check out the SEC site. http://sec.broaddaylight.com/sec/dml_fetch.pl?CompanyID=680&Conten
tID=8569&FaqID=8457&word=What%20happens%20if%20a%20company%20does%2
0not%20file%20a%20quarterly%20report&faq_template=http://sec.broaddaylight.com/sec/searchfaq.shtm&topic=18&back_refr=http://sec.broaddaylight....

Calypso is not currently listed as having any action taken. I personally doubt there is any action being contemplated at this point,due to the over-abundance of companies whose main objective is outright fraud. The SEC only has so many investigators and has to prioritize by the seriousness of the situation. This company is still managing by crises if you ask me, and either needs to hire more experienced staff or at least enough to handle the workload. But that's a far cry from evasion of the rules for purposes of fraud. If Calypso is still in non-compliance by next quarter, I would start to worry about tougher administrative actions and stiffer penalties. I could be wrong, so anyone who is concerned may want to keep a close check on the administrative actions listing.