Replies to post #54096 on Calypso Wireless (fka CLYW)

[Eli's Gone]

There are two levels of receivership---the 2nd having to do with an insolvent company that is winding up...our case is more like a "manager" in a deadlocked situation--a custodian if you will...but how will he/she run a company that is broke, has debt, and with no equity to tap---can Chap 11 be far behind?...in that case, there is no one any lower on the totem pole than us commoners--and in most reorganizations(if it gets that far) commons are cancelled in favor of debt/creditors...

[downsideup]

Total blather... complete hogwash...

"Settlement" IS the scam... That's the scam that got this POS to where it is now... and HOW MANY TIMES do you have to "settle" the same thing with the same people BEFORE you figure that out ?