CLYW - Calypso Wireless, Inc. and all related news from the wireless sector.
CLYW is a stock selling scam that has had former officers accused of fraud.
Since 1997 Calypso has had no revenues from the sale of any product.
If I had been given free shares I would dump them.
If you need a write-off by all means buy it.
Robert Leon the inventor of the patent is gone and is selling all the shares he can as fast as he can.
George Schilling the former CEO has lost his memory according to his public statements and remembers no transactions while he was president.
Calypso has changed accounting firms more often than they have recorded any legitimate deals.
Do your own DD and by all means do not listen to the Calypso employees posting on other boards telling you to buy this over-hyped high risk stock selling no revenue PINK SHEET POS company!
2005 10-K
"To date the Company has not generated any revenue related to the sale of the Company's products, however the Company entered into a distribution agreement with Franc Telecom, LTD." (05/06/2005)
"The Company requires approximately 7 million to complete the manufacturing process and begin shipment of the products." (05/06/2005)
"The Company expects to begin shipping its products during the fourth quarter of 2005." (05/06/2005)
2004 10-K
"We generated $395,867 of revenues during the year ended December 31, 200[3]." (04/19/2004)
"The Company needs an additional $5 million to complete the process and begin shipment of the products." (04/19/2004)
"The Company expects to begin shipping of its products during the third or fourth quarter of 2004." (04/19/2004)
"The Company signed a one-year $5.2 million contract with C.G.E. Distributors Corp. to deliver its smart real-time two way video conferencing cellular phones, WLAN Access Point and networks software products." (04/19/2004)
2003 10-K
"The Company needs an additional $5-7 million to complete the process and began shipment of the products." (07/02/2003)
"The Company expects to begin shipping of its products during the fourth quarter of 2003." (07/02/2003)
"The Company signed a three-year $500 million contract with a major telecommunication carrier (China Telecom) to deliver its smart real-time video cellular phones..." (07/02/2003) |
