Replies to post #34380 on Calypso Wireless (fka CLYW)

[clywoldtimer]

WAY TO GO DAVE!!!! We love you and the new BOD. Way to make DIAC blink!!!

[urtoast]

thank you for the info

[db7]

Wow! Thanks for the info... Some quick action

[StockCroupier]

This is F*CKING huge. This clears title on the patent so Cristian can now close some of the deals he has been working on.

The last part of this item is interesting:

7. Calypso will not act to transfer, sell or otherwise encumber the Calypso IP prior to the earlier of an adjudication of Calypso's claims relating to the 2008 Agreement in the Pending State Court Lawsuit, or the dismissal of Calypso's claims in the Pending State Court Lawsuit, or entry of an Order in the Pending State Court Lawsuit authorizing Calypso to obtain ownership or possession of, or to transfer, sell or foreclose upon any of
the Calypso IP.

***This paragraph does not limit Calypso’s right or ability — subject to the terms of the 2008 Agreement — to transfer any of the Calypso IP to third parties (e.g., TMobile).


(Maybe there is already a deal with TMobile)

[dr foo]

Final,

Appears to be good news but I read some "questionable" language in some paragraphs. Specifically, the following paragraph:

" Calypso will not act to transfer, sell or otherwise encumber the Calypso IP prior to the earlier of an adjudication of Calypso's claims relating to the 2008 Agreement in the Pending State Court Lawsuit, or the dismissal of Calypso's claims in the Pending State Court Lawsuit, or entry of an Order in the Pending State Court Lawsuit authorizing Calypso to obtain ownership or possession of, or to transfer, sell or foreclose upon any of
the Calypso IP. This paragraph does not limit Calypso’s right or ability — subject to the terms of the 2008 Agreement — to transfer any of the Calypso IP to third parties (e.g., TMobile)."

Sounds like an "Acacia type" deal may be out of the question with this language.

Comments?