BayStar Interviewed Regarding SCO Investment

Gonzo_Warrior writes "BayStar's managing partner explains what led him to 'ask' SCO for their money back. In this article, Lawrence Goldfarb describes '...the wayward corporate behavior on SCO's part' that led him to reevaluate BayStar's position. In a letter to SCO last week, BayStar claimed that '...SCO's behavior violated provisions of the investment agreement and that BayStar's convertible preferred stock be redeemed.' The article notes that since its founding in 1998, BayStar has never before asked a company for its money back." CNet has a story based on talking to a BayStar spokesdrone.

Comments

Re:Since 1998 eh?

[twitter]

How do you jibe saying this:

I've been in the financial services industry since before this company was founded, and I've never heard of a comparable case.

With saying this:

All the way back to 1998, a whole six years ago. Now there's history for you. Almost dynastic in its scope..

Tell me, big investment man, is this unusual or not. I'm not sure I'll trust your answer having seen this piece of sparkling judgement from you:

The moral to me is to distrust Baystar as a potential investment partner.

You should already have known that Baystar is a Microsoft shill with poor judgement. Why would you have ever have trusted that?

What you might conclude is that the SCO stock fraud is coming undone sooner than expected. Must have been the whistle blower. Or was it was the federal put up or shut up order, or the complete lack of evidence produced before or after? It should be clear to even the dumbest, greediest "investor" that SCO never had anything but a big mouth and a purchased famous name.