price and managed to keep the gain for the next day, while its traded volume exceeded 2 million shares yesterday.Apparently, the high trade for CLYW has began and the stock was placed among the most traded stocks on the market. However, no one knows the reason for the sudden price jump.
Except its reports with the SEC, Calypso has not released any news on its business activities.
According to the records, the company obtained donations from its Directors to pay its annual fees for the European Patents, though the complete financial condition of Calypso remains in mystery.
The only thing that looks certain is that over the last few months the company’s Board of Directors has been buying shares intensively. [BANNER]First, Williams David Holmes acquired 100.000 shares at the price of $0.02 each in June. Then, on Oct. 4 Edward J. Walsh, Jr. bought 200k of convertible notes and 25k of CLYW shares at a price of $0.077 each.
Most probably, these actions intrigued traders and the stock got the up move. However, presently the company’s official website is under construction and its operations are unknown. In that case, the only question is how long the current up trend can survive?
