Replies to post #41686 on Calypso Wireless (fka CLYW)

[dirt man]

I'm sure he's out lying to someone trying to cheat them out of there hard earned money!!!

I should have used "Allegedly" I'm sues me post will be deleted!

[HighRider]

From SEC documents.
On 12/13/09, the Company's Governance Committee demanded that Director Pattin disclose updated information regarding his current affiliations outside the Company or resign within 2 days. Mr. Pattin acknowledged receipt of this demand yet chose to not respond. Consequently, on 12/18/2009, the remaining Board met to accept his resignation effective 12/16/09. Additionally, the Board concluded that Mr. Pattin's alleged 5 year "Employment Agreement", previously disclosed in the company's 8K filing on June 29, 2009, was improper and of no effect.

The company also noted and recorded at least 25 past actions that could be deemed breaches of fiduciary duty and/or being actions contrary to the Company's Code of Ethics by Mr. Pattin. The Company will continue to investigate the role of Mr. Pattin in the past management of the Company and may take action to recover damages to the Company resulting therefrom against Mr. Pattin and any others who were involved if warranted. However, at this time and solely for the purposes of his continued Directorship, these issues are moot because of the deemed resignation.