Replies to post #58283 on Calypso Wireless (fka CLYW)

[drkazmd65]

That may indeed be true flaflyersfan - but that does NOT mean that there are no shares and that those shares have no value.

They have no market value - because as we know - they are not available to be traded in any market.

Having no market value and having no value are not the same thing.

[Cougar6]

You don't need a market. It is now a privately held company that has a transfer agent to maintain records of ownership. Those ownership shares can be bought and sold through private transaction via the transfer agent. There is nothing illegal about that. If it were, then the entire venture capital system would be illegal.

As a company that is being wound down there is significant risk in being a shareholder of the company ... but there is risk in the ownership of any small cap/pink sheet. Those of us who own shares own a share in two forms of property. One is the patent, the other is the law suit. Both of those forms of property will be converted to cash, debts of the private entity will be settled, and the remaining cash will be distributed to the shareholders.

You are correct that there is no publicly traded company in the form of a going concern, but that is different from there being no value.

[Cougar6]

Oh yeah, I forgot something else. When I say "both of those forms of property will be converted to cash" I do not mean at fire sale prices. The mandate of the receiver is to maximize value for the owners of the company (we shareholders). Hence the reason why the T-Mobile infringement suit is proceeding to trial. The value of the suit during or after trial is significantly greater than its current value.

[HighRider]

Not sure where you've been or how long you've been following Calypso, but you seem to be uninformed. Calypso is not a defunct company. It is still registered with the State of Delaware and as such still has outstanding stock. The stock can't be traded via the usual brokerage arrangements, which all of us idiots that have been here awhile know full well. What you seem to be confusing are the SEC regulations and the State of Delaware laws. Not sure why you're trying to make a case that Calypso shares have $0 value, but even the Delaware Court seemed to think the company's asset was valuable, that's why the judge allowed it to continue under receivership and made the comment that the Receiver should "maximize shareholder value". What it does mean is that if you don't own the stock, you will have a hard time getting any payout from the patent auction or any settlement with Tmob, when and if there is one. In effect, this is now a privately held company.

[SeagrassInvestments]

I'm no expert but 'no broker-dealer' would be different from a private transaction