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The SCO Group late last Friday disclosed that one of its investors is extremely unhappy -- and wants its money back. But the Lindon, Utah-based Unix provider apparently isn't going to resolve the legal controversy without a fight, at least for now. In a letter released to other investors by SCO, BayStar Capital requested that SCO immediately redeem BayStar's 20,000 shares of SCO's Series A-1 Convertible Preferred Stock. The letter -- posted on SCO's site -- asserts that BayStar is entitled to the redemption of its shares under an article of the series A-1 convertible preferred stock.
Re: BayStar Asks SCO for Money Back - Now
Posted by: cy_1 2004-04-20 13:21:39 In reply to: Gene J. Koprowski
While this is of some interest, as it's the financial dealing of "the world's most hated software company", anyone who has been paying attention knows that Baystar Capital is the venture company that was introduced to SCO by Microsoft. This seems to me to be an important aspect of the story and yet there is not one metion of Microsoft.
What does this mean exactly? Does SCO have enough $$$ after redeeming these shares to continue their obviously very costly legal strategy? Is Microsoft changing their strategy in relation to the Linux threat? The public wants to know!!
What does this mean exactly? Does SCO have enough $$$ after redeeming these shares to continue their obviously very costly legal strategy? Is Microsoft changing their strategy in relation to the Linux threat? The public wants to know!!
