Replies to post #52038 on Calypso Wireless (fka CLYW)

[downsideup]

Next... your gonna tell us AND the judge that his ruling that CLYW should comply with the law and hold an annual meeting... was "blackmail"... because CLYW management didn't want to comply with the law ?

Requiring compliance with the law... is "blackmail" ?

That sounds about right for CLYW management's way of thinking... where complying with the law is considered a bad thing.

And, Dave was "blackmailing" the company... by requiring they comply with the law, by agreeing to serve on the board, and agreeing to PAY for the annual meeting that he'd sued to force on the company ?

Anyone who'd believe that must be deranged...

[Grand-Slam]

I'm with The Professor on this one ...

I don't think that qualifies as "blackmail".

Hypothetically speaking, IMHO, if someone demands a BOD position in exchange for, say, not continuing to push / pursue an open lawsuit against the company, I do not believe that qualifies as blackmail. That sounds more like extorsion to me.

Also, per The Professor, hypothetically speaking, while having an open lawsuit against a company does not disqualify someone (say, someone named Dave) from being appointed as an Independent Director on the BOD of said company, unfortunately, having a $10 contract (no longer in effect) with a company does disqualify someone (say, someone named Chester) from being appointed as an Independent Director on the BOD of said company. Very confusing, but we all can't be as brilliant as The Professor.