Replies to post #58775 on Calypso Wireless (fka CLYW)

[Eli's Gone]

That would be interesting as that's a Transfer Agent function...there was a period when we had no Transfer Agent---but since TA's must register with the SEC, I assume that may be true for a company acting as it's own TA--and I'm not saying that to be the case here...

but if what you say turned out to be true, somebody may be in some deep doodoo...

[downsideup]

We know for a fact that was happening... in the Carlos days... with Carlos apparently issuing large numbers of illicit shares to friends and family... which was one of the subjects of the injunctions resulting from court action, back then... prohibiting him and his family from holding or selling any shares...

And, then, the "deal" done in the 2008 settlement between Carlos and Daic, still didn't eliminate those admittedly wrongly issued shares, rather than transfer ownership of them to Daic ? LOL!!!

We also know for a fact that was happening before that... back in the days when Costa Rica was chasing down fraudulent sales of illegally issued CLYW shares to their residents... in an early on expose' of a scam involving CLYW corporate officers and Diac's predecessor as "consultant" on market issues... back before Butch Ballow moved along to other scams... and went on the lamb...

It is still a different issue... when you're addressing malfeasance in the company's management of its own shares.... as, say, Turrini's wrongful issuance of a million shares in an illegal "deal" he did with his brother in law... and not "air shares" being created out of thin air by market makers who are slip shod in not requiring shorts to have a locate, and in not requiring they cover...

I don't know for a fact what the full extent of the uncertainty is in the CLYW share count... but, I don't think the numbers issue is of a scope that it exceeds the AS...

Maybe that's one of the things we should ponder as a source of management's continued interest in obstructing holding a legitimate shareholders meeting ?

There may be other "share obligation" issues, too, tied to Daic's efforts in selling... whatever he was selling to investors...

CLYW has always been a scam in terms of insiders self interest dominating legitimacy... which is why it's now being managed by someone appointed by the Delaware courts... and not by the un-elected board and their co-conspirator management appointees...

There's never been much point in trying to polish that turd...

Without having looked at it closely, including looking at the trading patterns back before I became aware of CLYW, I still don't think there is an obvious NSS or "air shares" issue...

FWIW, as far as the management risk to the share count, I'm vastly more comfortable than before, now that the company is under the control of someone who both understands the legacy issues, and who can count...