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BayStar Cashes Out of SCO Stock

Kurt Wall writes "According to Yahoo! Finance, BayStar, the company that funded SCO to the tune of $50,000,000, and then later changed the terms of the deal, has requested that SCO redeem the 20,000 shares of preferred stock issued in return for the funding. The reason? BayStar states that 'SCO has allegedly breached Sections 2(b)(v), 2(b)(viii) and 3(g) of the Exchange Agreement.' Naturally, SCO thinks it has done nothing of the sort."

4 of 524 comments (clear)

  1. Re:MOD PARENT DOWN spam in .sig by Anonymous Coward · · Score: 0, Offtopic

    If you're going to be picky then state your problem correctly. SPAM the food, is all uppercase, and owned by Hormel.

    There's nothing worse than a whiner who can't get their facts straight.

  2. Re:MOD PARENT DOWN spam in .sig by NanoGator · · Score: 1, Offtopic

    "Do we want every post to have a advertisement in the .sig? I personally think that moderators should mod down any post with SPAM at the end."

    Pardon me for sharing something with Slashdot I thought they'd enjoy.

    --
    "Derp de derp."
  3. Re:The future for SCO by drinkypoo · · Score: 1, Offtopic

    working with microsoft is like playing the lottery and any company whose CEO is desperate might choose to do so. yes it destroys the majority of companies that decide to shake the devil's hand but once in a great while it pays off well for someone, and when microsoft pays out, they pay out BIG.

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  4. Re:Here it comes, you won't BELIEVE this shit!!!! by SoSueMe · · Score: 0, Offtopic

    Not to worry. It's toast now.