Because of apparent dirty dealings by the BOD, which seems to have sought to steal the patent, when the receiver was appointed to run Calypso, the SEC decertified the stock. It can no longer be traded on an exchange. However, it lives as asset markers in stockholders’ brokerage accounts, future value to simply be made cash after the dust settles and the company has assets from any trials and the sale of the patent.
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InvestorsHub.com Founder, Matthew Brown, Pleads Guilty to Fraud and Money Laundering
Ft Lauderdale, Florida 2/19/2010 10:25 PM GMT (TransWorldNews)
The founder of stock message board website InvestorsHub.com, Matthew Brown, pleaded guilty today to 4 counts of fraud and money laundering. Mr. Brown faces up to 20 years in prison and a $500,000 fine.
http://www.transworldnews.com/NewsStory.aspx?id=202714&cat=1