Replies to post #39885 on Calypso Wireless (fka CLYW)

[Cougar6]

Theoretically, that would depend on the price. However, I also find it an unlikely scenario ... although I find it more likely than a group of investors coming in and giving the company $5M-$10M to fight the T-Mobile suit to the end. That would mean cutting a deal to give up something, say a percentage of the company, which would require a shareholder vote to issue additional shares. It would seem to me that any BOD member would not really be in favor of that option.

[interden]

The BOD of any company has the right to negotiate the sale of any company, but then would only have to have a majority of shareholder approval for a sale not all.
One good thing though is that CLYW does have a poison pill in effect which is always good for the shareholders so no hostile takeover otherwise I think Tmobile or others would own Clyw but they would kick Diac in the butt faster.

[litton51]

One sell today; the rest buys.