UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~January~~ 9February 16, 2012

CALYPSO WIRELESS, INC. (Exact name of registrant as specified in its charter)

(Exact name of registrant as specified in its charter)

Delaware	1-08497		13-5671924
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
4801 Woodway Dr., Suite 300E, Houston, TX		77056
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code: (305) 316-7850
Not Applicable
(Former name or former address, if changed since last report.)

Delaware		1-08497		13-5671924
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

4801 Woodway Dr., Suite 300E, Houston, TX		77056
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code: (305) 316-7850
Not Applicable
(Former name or former address, if changed since last report.)

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~Check~~£ Soliciting material ~~the~~pursuant ~~appropriate~~to ~~box~~Rule ~~below if the Form 8~~14a-K12 ~~filing~~under ~~is intended to simultaneously satisfy~~ the ~~filing~~Exchange ~~obligation~~Act of(17 ~~the~~CFR ~~registrant under any of the following provisions:~~240.14a-12)

~~o Written~~ £ Pre-commencement communications pursuant to Rule ~~425~~14d-2(b) under the ~~Securities~~Exchange Act (17 CFR ~~230~~240.~~425~~14d-2(b))

o£ Pre-commencement communications ~~Soliciting material~~ pursuant to Rule ~~14a~~13e-124(c) under the Exchange Act (17 CFR 240.~~14a~~13e-124(c))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01

Other Events

~~After~~ Calypso Wireless, Inc. (“Calypso” or the “Company”) (CLYW) ~~announced~~announces that on ~~December~~February 151, ~~2011~~2012, ~~that~~the Court of Chancery of the ~~shareholders~~State of Delaware (the ~~Company~~“Court”) inheld a ~~Special~~trial ~~Shareholders~~on ~~Meeting~~litigation ~~removed~~filed by Mr. David H. Williams asagainst ~~Director of~~ the ~~Board of Directors,~~ Company and ~~the Board of Directors appointed~~ Mr. Carlo di Colloredo-Mels onpursuant ~~December~~to ~~17,~~8 ~~2011, to~~Del. ~~serve~~C. as§ an225(a) ~~Independent~~challenging ~~Director~~Mr. toWilliams’ removal from the ~~Board~~board of directors as part of ~~the~~a ~~Company~~Special ~~until~~Shareholders ~~the~~Meeting ~~next~~held ~~election~~on ofDecember ~~Directors~~15, ~~David~~2011. HThe Court (Vice Chancellor J. ~~Williams~~Travis ~~filed~~Laster, presiding) ~~suit~~issued a 16-page written opinion on ~~December~~February 228, ~~2011~~2012, ~~against~~ruling ~~Calypso~~that ~~and~~a ~~Mr.~~receiver diwould ~~Colloredo-Mels~~be inappointed ~~the~~pursuant ~~Court~~to ofthe ~~Chancery~~General Corporation Law of the State of Delaware ~~pursuant~~to take over the affairs of the Company and to 8dissolve ~~Del.~~the CCompany and wind up its affairs. The §Court ~~225(a)~~ruled ~~challenging~~that the appointment of the receiver mooted the need to consider whether Mr. Williams’ ~~removal~~was ~~and~~validly Mrremoved. diThe Court ~~Colloredo-Mels’~~also ~~appointment.~~ determined that a separate motion for contempt filed by Mr. Williams ~~additionally~~related ~~sought~~to ~~the entry~~an alleged violation of athe ~~status~~January 3, ~~quo~~2012, ~~order~~Status ~~pending~~Quo ~~resolution~~Order ofwas not supported by the ~~matter~~evidence at trial.

OnThe ~~January~~Court 3,has ~~2012,~~appointed ~~the~~Mark ~~Court~~J. Gentile, Esq. of ~~Chancery~~Richards, ~~(Vice~~Layton ~~Chancellor~~& JFinger, P.A. ~~Travis Laster~~(Wilmington, ~~presiding~~Delaware) ~~issued~~ aas ~~status~~the ~~quo~~receiver ~~order~~for ~~enjoining~~the ~~and~~Company ~~treating~~pursuant asto ~~void the~~8 ~~removal~~Del. ofC. Mr§ 322. ~~Williams~~The ~~and~~receiver ~~the~~has ~~appointment~~been ofgranted ~~Mr.~~broad diauthority ~~Colloredo-Mels~~and ~~until~~control aover ~~trial~~the onCompany, ~~Mr.~~its ~~Williams’~~operations, ~~complaint~~and ismanagement. ~~heard~~Given the concerns identified by the Court onin its February 1,8 ~~2012,~~ruling related to trading in ~~Wilmington,~~the ~~Delaware. Therefore~~Company’s stock and compliance with federal securities disclosure requirements, the ~~status~~receiver ~~quo~~has ~~order~~been ~~also~~given ~~enjoins~~ the ~~subsequent~~initial ~~appointment~~task ofto ~~Mr.~~determine ~~Lance~~whether ~~LaBauve~~steps should be taken to ~~the~~halt ~~Board~~public trading in Calypso’s shares and to consult with appropriate officials at the ~~position~~Securities ofand ~~CTO~~Exchange Commission. The ~~hearing~~receiver is oncharged ~~Mr.~~with ~~Williams~~dissolving Calypso and winding up its affairs, marshalling and selling the Company’s ~~complaint~~assets is(including ~~scheduled~~the ‘923 ~~for~~Patent), adischarging ~~1-day~~Calypso’s ~~trial~~ debts, and ~~has~~distributing ~~been~~any ~~placed~~remaining onamounts anto ~~expedited~~its ~~track~~stockholders.

~~The~~On ~~Company~~February ~~and~~10, ~~Mr.~~2012, dithe ~~Colloredo-Mels have~~Company ~~retained Delaware counsel and have~~ filed ana ~~answer~~motion for ~~to the complaint~~reconsideration, and ~~discovery is now proceeding. Pursuant to~~ the ~~terms~~Court ofdenied the ~~status~~motion ~~quo~~for ~~order,~~reconsideration ~~the~~on ~~Board~~February ~~in the meantime is comprised of Cristian Turrini~~13, ~~Kyle~~2012. ~~Pierce, Ed Walsh, and~~ Mr. ~~Williams. Furthermore,~~Gentile ~~the~~accepted ~~Court~~his ~~has~~appointment as ~~ordered~~receiver ~~that~~on ~~the~~February ~~scope~~13, of2012. ~~the~~Copies ~~authority~~ of ~~the~~all ~~Board~~public offilings, ~~Directors is limited to~~ the ~~usual~~Court’s ~~transactions~~rulings, ~~customs,~~ and ~~practices,~~the ~~which~~order ~~are~~appointing ~~within~~ the ~~ordinary~~receiver can ~~course~~be ofobtained ~~business~~from ~~of Calypso during~~ the ~~pendency of this matter~~Court.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	CALYPSO WIRELESS, INC.
DATED: January 9, 2012	By:	/s/ Cristian C. Turrini
DATED: February 16, 2012	By:	/s/
		Cristian C. Turrini
		Cristian C. TurriniChairman, CEO & President
		Chairman, CEO & President

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