Replies to post #49525 on Calypso Wireless (fka CLYW)

[Eli's Gone]

Of course, this assumes that management is going to send the board a copy of the settlement or if Dave is going to have to sue to see it.

....

I think he already has...LOL

[downsideup]

The limits authorized by the board were procedural... and we've already exceeded the limits in those boundaries.

An agreement in "principle"... ceases to exist when the basis in principle has changed. Here, it's changed at least twice already.

So, they will need to get board approval for anything that Daic and the management agree to. Without it, the "agreement" made will itself be subject to a range of attacks, or it will enable others, some of which may not be obvious, presently.

How much that matters is still a function of what is done about it, IF management attempts to circumvent the requirement for board approval.

There is still a structure of dependencies here... including that we've been "negotiating" with T-mobile... for how long ?

The stool they've crafted is missing a few legs... IMO.
Pretending they're there... doesn't keep things upright...