Replies to post #57298 on Calypso Wireless (fka CLYW)

[HighRider]

I doubt the receiver would reinstate the company, that is done. I do think the receiver has the option of keeping the company open if additional short term settlements can be obtained. For instance, if the Daic parties after a favorable settlement or trial were able to file additional cases or ITC complaints, with the expectation that these cases could be completed within a two year time period. As far as sending money through you account. I receive documents through my brokerage account from attorneys when there have been either some type of class action initiated or other information, so it doesn't appear to be much of a problem. The brokerage firm is held accountable for knowing how much stock you own. I think there is a system in place to handle it.

[drkazmd65]

I am not too worried about the potential for 'multiple' deposits being made through our old shares - if revenues are generated in some way.

I have some of what they call 'escrow' shares associated with a bankruptcy case (now out of BK, a Ch11) where the old shareholders got pro-rated shares in the emerged company (a former bank holding company) and escrow/tracking shares that (if certain levels of liquidiation of old company assets are reached) will up to quarterly deposit cash into my trading account. Got one 'escrow' share for each old share I held in the original company.

They (the escrow shares) will exist for up to 3 years while this happens and don't wink out after a single payment (if such are recieved).

My guess - same thing could/should be able to be done via our old shares and the spaceholders we have for those. Could be paid like a dividend - as I understand it.

Disadvantage with being paid out like a dividend is that it probably counts as income rather than capital gains. My point - if the lawyers want to set it up to funnel multiple payments,... then they can do so.

[1110133]

so do i that's why i said: "the reciever in conjuncton with the court",

btw i know someone that is suing a reciever in a bk, "ironically the reciever's response was that by responding to te complaint he was suing himself.

there are retired judges aplenty who know the ins and outs of deleware lets hope we don't have to hire any

my point is that what the reciever says holds alot of water, even if he's on our side. If there is huge opportunity to be had for willmington my hunch is that the court may be reasonable. It is not unheard of for companies to exit recievership

that being said, id believe nothing anyone says until it happens, the reciever can run this as a trust untill all the patents run out, the court will allow it, and if the settlements are large then its not a bad situation

as far as claiming a one's dividend--longs will need to be on their toes to file a claim quickly so keep all your paperwork together, maybe converting all to certs is the best move in anticipation of that welcome day.