Replies to post #55932 on Calypso Wireless (fka CLYW)

[Telco923]

IMO, The final price of CLYW does not matter. Weather its .03 or 3.00. What matters most is the final sale price of the liquidation of calypso assets. The stock may close up, but if the receiver only gets 50mil for the patents then that’s what we get. This will be determined if the receiver does the job the judge told him to do. Get the most value for the shareholder. Your account will be frozen when the SEC finally kills the company. All CLYW shares will sit in limbo until our agony is finalized.

The SEC should have stopped trading the day we went into receivership. Also, the SEC may be looking into trades that have happened in the past to determine if there should be lawsuits for insider trades and how they were acquired. I would love to see the insiders get stripped of all their shares and face lawsuits of fraud.

This is just my WAG.

[Eli's Gone]

and I apologize for not having the answers :-)..never have had a revoked security in my brokerage account either...

but I believe in order to claim the loss--you would have to have your broker declare the security worthless...hopefully we won't have to cross that bridge as the asset will be sold and you will be paying capital gains :-)

ps...did have worthless "spin off" preferred shares sitting in my account once and my broker sent me a cert when he got tired of carrying it--had no idea of that action until it disappeared one day and the next day I got mail..