Replies to post #38999 on Calypso Wireless (fka CLYW)

[HighRider]

From SEC documents dated 4/29/2008: Purchase and Sale Agreement.

b. Sellers will obtain the approval from the existing management members of the Company to tender their resignations from both executive management and/or board-of-directors position and will cause a slate of board-of-directors approved by Buyers, as discussed above, to be appointed as a final act of the resigning directors of the Company which resignations shall occur immediately following the full and complete consummation the transactions contemplated herein.

So you see even the 2008 agreement was not valid. Daic is running out of time to settle.