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): ~~June~~August 719, 2011

CALYPSO WIRELESS, INC.

(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: (713) 936-3560

Not Applicable
(Former name or former address, if changed since last report.)

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):

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

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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.

OnCalypso ~~June 7~~Wireless, ~~2011~~Inc. ~~the~~("Calypso") ~~Securities~~(CLYW) ~~and~~has ~~Exchange~~announced ~~Commission~~that ~~issued~~its anBoard ~~Order~~ of ~~Suspension~~Directors ofand ~~Trading~~Drago ~~pursuant~~Daic toand ~~Section~~Jimmy ~~12(k)~~Williamson, ofPC ~~the~~have ~~Securities~~approved ~~Exchange~~the ~~Act~~settlement of ~~1934~~the ~~temporarily~~litigation ~~suspending~~pending ~~trading~~ in the ~~Registrant's~~333rd ~~common~~Judicial ~~stock~~District ~~for~~Court ~~the~~of ~~period~~Harris ~~9:30~~County, ~~Eastern~~Texas ~~Daylight~~between ~~Savings~~Calypso, ~~Time~~ on ~~June~~the 7one hand, ~~2011~~and ~~through~~Drago ~~11:59~~Daic ~~p.m.~~and ~~eastern~~Jimmy ~~daylight~~Williamson, ~~savings~~PC ~~time~~ on ~~June~~the ~~20, 2011~~other. ~~Pursuant~~The tosettlement ~~Rule~~is ~~15c2-11~~subject to finalization of a formal settlement agreement that will vacate the ~~Exchange~~prior ~~Act~~December 8, at2006 ~~the~~judgment ~~termination~~in favor of Drago Daic. Under the ~~trading~~terms ~~suspension~~agreed to by the parties, noCalypso ~~quotation~~will ~~may~~have bethe ~~entered~~sole byand ~~brokers~~immediate orright ~~dealers~~to ~~unless~~exploit the Company's patents and ~~until~~technical ~~they~~development rights in the United States and Mr. Daic will have ~~complied~~the ~~with~~sole ~~all~~right to exploit the Company's patents and technical development rights throughout the rest of the ~~provisions~~world. In addition, Calypso will pay Mr. Daic 28% of the ~~rule~~gross recovery (less specified expenses), if any, received by Calypso from its current pending litigation with T Mobile.

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: June 7, 2011	By:	/s/ Cristian C. Turrini
DATED: August 19, 2011	By:	/s/ Cristian C. Turrini
		Cristian C. Turrini
		Chairman, CEO & President

Filing Compare · CALYPSO WIRELESS INC