Replies to post #48651 on Calypso Wireless (fka CLYW)

[litton51]

Don't dismiss the possibility that they had some good news to tell at the forum but then the news changed. I favor this interpretation.

[Calypso123]

Williams had the record for almost three years to conduct his investigation. If the officers had anything to hide why send the records to Williams in the first place. Williams failed to live up to his promises and now is hindering the company by keeping the records hostage.

[litton51]

I agree. They had something big to announce but then either something changed or the other directors got an injunction. The 2-2 tie has to be broken or CLYW will simply die and we lose everything.

[downsideup]

I'd say that meeting never should have happened, but, it turned out not to have any bit of the impact management intended that it should have.

The management wanted that meeting to try to complete a "take down" of the board, since the effort made in the "take down" of the stock hadn't worked out for them...

They've been threatening and bullying Dave Williams and Ed Walsh, trying to force a change on the board, to allow them to pound the nails down on the lid in the investors coffin.

Instead, what they got was a shareholders revolt, that resulted in the copying of the files... which they were trying to prevent.

They also didn't succeed in trying to bully Williams or Walsh into allowing them to screw the shareholders.