Replies to post #59994 on Calypso Wireless (fka CLYW)

[litton51]

Interesting point. The Judge's order to the receiver conflicts with the special deals Daic made with the BOC to basically pork the company and its stockholders. How can he receive 28% of the profits from the patent in the US and 100% in the rest of the world if it is sold to someone else who had no part in that particular little nugget of inside dealing? If we recover from TM and cement ownership, watch for Daic and some of the current and former officers to file suit to recertify the stock. In fact, I would be very surprised if Daic has not already brought the company books up to compliance so he can be ready to go. IIRC, the company records were recovered several years ago through the efforts of several iHub board posters. A plea to reopen trading is almost a certainty if we win against TM. Otherwise, Daic loses a lot. If the appeals court dumps the Texas Markman and SJ, we may again be looking at TM settling one way or another.

[litton51]

>>his recovery here is his shares and the 28% proceeds from any TM recovery verdict

We do not know if the receiver and judge plan to honor that little bit of potential fraud.